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Salt Lake County Emp Credit Union

Salt Lake Cy, UT · Charter 67113

Q4 2009

$3.0MAssets
$1.1MLoans
$2.5MShares
$608KNet 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 -6.39%, down 552 bps year over year; NIM at 2.93%.
  • Asset quality: problem loans at 3.14% of loans (+314 bps YoY).
  • Capital: net worth / assets of 19.99%, down 382 bps from a year ago.
  • Funding: loans stand at 43.57% of shares as of Q4 2009.

Financial Results

Return on Assets (quarter, annualized)

-6.39%-552 bps YoY

Net Interest Margin (quarter, annualized)

2.93%-145 bps YoY

Efficiency Ratio (quarter, annualized)

287%+16,716 bps YoY

Net Worth / Assets

19.99%-382 bps YoY

Discrete quarter, annualized.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets-0.88%0.14%0.95%-1.39%-6.39%-552 bps
Return on Equity-3.68%0.59%3.97%-5.90%-31.99%-2,831 bps
Net Interest Margin4.38%4.31%4.04%4.00%2.93%-145 bps
Efficiency Ratio119.69%93.72%81.45%125.72%287%+16,716 bps
Growth
Asset Growth (YoY)0.51%-3.39%-2.74%-5.59%-11.74%-1,225 bps
Loan Growth (YoY)-6.82%-6.34%-1.25%-12.45%-20.55%-1,373 bps
Share Growth (YoY)1.92%-2.68%-2.41%0.04%-4.00%-593 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%3.14%+314 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.46%0.54%0.54%0.84%0.93%+47 bps
Capital
Risk-Based Capital23.80%23.89%24.03%23.59%19.99%-382 bps
Net Worth / Assets23.80%23.89%24.03%23.59%19.99%-382 bps
Liquidity & Funding
Loans / Shares52.64%51.32%50.22%46.50%43.57%-907 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps