PackageTrendsPeer
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Matc

Madison, WI · Charter 66603

Q3 2008

$2.9MAssets
$1.6MLoans
$2.2MShares
$685KNet 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 0.67%, down 70 bps year over year; NIM at 3.82%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 23.80%, up 70 bps from a year ago.
  • Funding: loans stand at 73.66% of shares as of Q3 2008.

Financial Results

Return on Assets (quarter, annualized)

0.67%-70 bps YoY

Net Interest Margin (quarter, annualized)

3.82%-51 bps YoY

Efficiency Ratio (quarter, annualized)

82.64%+1,390 bps YoY

Net Worth / Assets

23.80%+70 bps YoY

Discrete quarter, annualized.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets1.37%1.50%1.16%1.14%0.67%-70 bps
Return on Equity5.93%6.03%4.89%4.74%2.82%-310 bps
Net Interest Margin4.34%4.67%4.02%4.01%3.82%-51 bps
Efficiency Ratio68.75%68.29%71.60%71.89%82.64%+1,390 bps
Growth
Asset Growth (YoY)-4.97%-3.51%1.57%0.85%0.83%+580 bps
Loan Growth (YoY)-7.39%-0.35%-6.91%-9.40%-11.43%-403 bps
Share Growth (YoY)-7.92%-7.08%0.05%-0.66%-0.41%+751 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.44%0.41%0.45%0.46%0.48%+4 bps
Capital
Risk-Based Capital23.10%24.83%23.67%24.04%23.80%+70 bps
Net Worth / Assets23.10%24.83%23.67%24.04%23.80%+70 bps
Liquidity & Funding
Loans / Shares82.82%93.58%78.61%76.48%73.66%-916 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps