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Associated

Salt Lake Cy, UT · Charter 67070

Q3 2008

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 2008, the quarter ended September 30, 2008, 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

Associated

Salt Lake Cy, UT · Charter 67070

Q3 2008

$36.6MAssets
$32.6MLoans
$36.2MShares
$200KNet Worth

Executive Summary

  • Earnings: ROA of -9.67%, down 1,066 bps year over year; NIM at 3.92%.
  • Asset quality: problem loans at 22.29% of loans (+2,205 bps YoY).
  • Capital: net worth / assets of 0.55%, down 829 bps from a year ago.
  • Funding: loans stand at 90.13% of shares as of Q3 2008.

Return on Assets (YTD, annualized)

-9.67%-1,066 bps YoY

Net Interest Margin (YTD, annualized)

3.92%-12 bps YoY

Efficiency Ratio (YTD, annualized)

92.51%+1,587 bps YoY

Net Worth / Assets

0.55%-829 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.35%0.94%1.06%0.99%1.01%0.33%0.31%-9.67%-1,066 bps
Return on Equity4.24%11.61%12.53%11.18%11.39%4.06%3.80%-1770%-178,130 bps
Net Interest Margin3.41%3.72%3.88%4.04%4.01%3.33%3.24%3.92%-12 bps
Efficiency Ratio86.27%75.87%74.72%76.64%76.49%86.31%87.09%92.51%+1,587 bps
Growth
Asset Growth (YoY)13.42%17.19%14.61%8.21%6.05%9.20%11.91%3.10%-510 bps
Loan Growth (YoY)33.45%30.61%15.84%16.34%17.76%15.62%25.26%19.02%+267 bps
Share Growth (YoY)12.14%16.80%14.05%7.64%6.49%9.76%12.64%12.56%+491 bps
Asset Quality
Delinquent Loans / Loans0.47%0.35%0.11%0.24%1.75%5.36%18.64%22.29%+2,205 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.53%0.60%0.62%0.74%0.73%0.79%0.36%7.41%+667 bps
Capital
Risk-Based Capital8.33%8.09%8.46%8.84%8.87%8.20%8.15%0.55%-829 bps
Net Worth / Assets8.33%8.09%8.46%8.84%8.87%8.20%8.15%0.55%-829 bps
Liquidity & Funding
Loans / Shares81.03%76.23%78.07%85.24%89.61%80.30%86.80%90.13%+489 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps