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Gwaltney Emp Credit Union Inc.

Smithfield, VA · Charter 66921

Q3 2010

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2010, the quarter ended September 30, 2010, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Gwaltney Emp Credit Union Inc.

Smithfield, VA · Charter 66921

Q3 2010

$2.2MAssets
$669KLoans
$1.5MShares
$679KNet Worth

Executive Summary

  • Earnings: ROA of -0.90%, down 180 bps year over year; NIM at 5.61%.
  • Asset quality: problem loans at 10.80% of loans (-785 bps YoY).
  • Capital: net worth / assets of 30.64%, down 256 bps from a year ago.
  • Funding: loans stand at 43.43% of shares as of Q3 2010.

Return on Assets (YTD, annualized)

-0.90%-180 bps YoY

Net Interest Margin (YTD, annualized)

5.61%-133 bps YoY

Efficiency Ratio (YTD, annualized)

107.23%+1,361 bps YoY

Net Worth / Assets

30.64%-256 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009Q4 2009Q1 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets3.79%3.19%1.22%0.90%1.13%0.77%3.01%-0.90%-180 bps
Return on Equity11.30%9.07%3.61%2.71%3.41%2.28%8.73%-2.92%-563 bps
Net Interest Margin7.90%8.20%6.55%6.93%6.82%6.97%9.85%5.61%-133 bps
Efficiency Ratio73.23%78.32%90.39%93.62%91.79%94.50%81.37%107.23%+1,361 bps
Growth
Asset Growth (YoY)79.87%-3.44%-7.09%-3.04%-1.64%-0.24%-2.73%-14.55%-1,150 bps
Loan Growth (YoY)135.37%-15.72%-13.59%-16.06%-20.22%-14.22%-18.14%-50.44%-3,438 bps
Share Growth (YoY)56.53%-1.77%-6.03%-7.22%-6.70%0.65%-5.01%-11.82%-460 bps
Asset Quality
Delinquent Loans / Loans18.15%14.45%14.96%18.66%21.59%24.92%25.82%10.80%-785 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans13.44%8.57%9.24%9.32%10.12%10.72%9.62%7.21%-210 bps
Capital
Risk-Based Capital33.49%35.21%33.79%33.20%33.26%33.87%34.52%30.64%-256 bps
Net Worth / Assets33.49%35.21%33.79%33.20%33.26%33.87%34.52%30.64%-256 bps
Liquidity & Funding
Loans / Shares81.90%84.00%77.18%77.27%70.02%71.60%66.52%43.43%-3,384 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps