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Winston Salem City Emp

Winston-Salem, NC · Charter 66325

Q1 2009

$58.1MAssets
$44.4MLoans
$51.5MShares
$5.6MNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of -3.13%, down 326 bps year over year; NIM at 3.84%.
  • Asset quality: problem loans at 0.68% of loans (-3 bps YoY).
  • Capital: net worth / assets of 9.64%, down 180 bps from a year ago.
  • Funding: loans stand at 86.20% of shares as of Q1 2009.

Financial Results

Return on Assets (quarter, annualized)

-3.13%-326 bps YoY

Net Interest Margin (quarter, annualized)

3.84%-53 bps YoY

Efficiency Ratio (quarter, annualized)

79.77%-95 bps YoY

Net Worth / Assets

9.64%-180 bps YoY

Discrete quarter, annualized.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets0.13%0.61%0.52%0.01%-3.13%-326 bps
Return on Equity1.10%5.30%4.44%0.14%-32.51%-3,361 bps
Net Interest Margin4.37%4.36%4.38%4.05%3.84%-53 bps
Efficiency Ratio80.72%79.40%78.64%79.09%79.77%-95 bps
Growth
Asset Growth (YoY)-1.66%1.22%1.39%3.75%9.58%+1,123 bps
Loan Growth (YoY)3.35%0.79%-0.71%-0.22%11.25%+790 bps
Share Growth (YoY)-1.58%1.46%1.30%4.22%11.46%+1,304 bps
Asset Quality
Delinquent Loans / Loans0.71%0.93%0.58%0.52%0.68%-3 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.81%0.83%0.83%1.06%0.99%+18 bps
Capital
Risk-Based Capital11.44%11.54%11.61%10.82%9.64%-180 bps
Net Worth / Assets11.44%11.54%11.61%10.82%9.64%-180 bps
Liquidity & Funding
Loans / Shares86.37%85.32%84.78%80.16%86.20%-17 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps