PackageTrendsPeer
Letter portraitLegal landscape

Smithfield Packing Emp Credit Union

Smithfield, VA · Charter 66961

Q3 2007

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 2007, the quarter ended September 30, 2007, 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

Smithfield Packing Emp Credit Union

Smithfield, VA · Charter 66961

Q3 2007

$1.5MAssets
$1.1MLoans
$741KShares
$714KNet 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 -7.73%, up 525 bps year over year; NIM at 10.43%.
  • Asset quality: problem loans at 13.96% of loans (+1,396 bps YoY).
  • Capital: net worth / assets of 49.04%, up 167 bps from a year ago.
  • Funding: loans stand at 148.36% of shares as of Q3 2007.

Financial Results

Return on Assets (YTD, annualized)

-7.73%+525 bps YoY

Net Interest Margin (YTD, annualized)

10.43%+37 bps YoY

Efficiency Ratio (YTD, annualized)

113.95%-1,976 bps YoY

Net Worth / Assets

49.04%+167 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets-12.98%-12.22%-8.89%-5.63%-7.73%+525 bps
Return on Equity-27.41%-23.28%-19.15%-12.54%-15.77%+1,164 bps
Net Interest Margin10.06%11.01%9.72%9.04%10.43%+37 bps
Efficiency Ratio133.71%130.38%115.79%119.26%113.95%-1,976 bps
Growth
Asset Growth (YoY)-14.68%-18.67%-14.35%-2.99%-15.52%-83 bps
Loan Growth (YoY)-20.43%-12.13%-11.54%-2.66%-10.16%+1,026 bps
Share Growth (YoY)-8.11%-15.96%-7.40%4.18%-18.03%-993 bps
Asset Quality
Delinquent Loans / Loans0.00%6.47%7.55%5.47%13.96%+1,396 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans7.86%7.62%7.85%6.82%11.46%+360 bps
Capital
Risk-Based Capital47.37%52.49%46.43%44.91%49.04%+167 bps
Net Worth / Assets47.37%52.49%46.43%44.91%49.04%+167 bps
Liquidity & Funding
Loans / Shares135.37%179.54%139.94%140.51%148.36%+1,300 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps