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St. Petersburg Municipal Emp.

St Petersburg, FL · Charter 67311

Q3 2007

$32.6MAssets
$16.2MLoans
$25.3MShares
$3.5MNet 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 -0.28%, down 199 bps year over year; NIM at 4.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 10.73%, down 1,028 bps from a year ago.
  • Funding: loans stand at 64.00% of shares as of Q3 2007.

Financial Results

Return on Assets (quarter, annualized)

-0.28%-199 bps YoY

Net Interest Margin (quarter, annualized)

4.73%+20 bps YoY

Efficiency Ratio (quarter, annualized)

104.81%+3,619 bps YoY

Net Worth / Assets

10.73%-1,028 bps YoY

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets1.71%1.57%1.78%1.60%-0.28%-199 bps
Return on Equity8.14%7.22%8.36%7.26%-2.57%-1,071 bps
Net Interest Margin4.53%4.49%4.45%4.64%4.73%+20 bps
Efficiency Ratio68.62%70.84%66.99%71.53%104.81%+3,619 bps
Growth
Asset Growth (YoY)-6.70%-5.05%-4.11%-2.82%-2.50%+420 bps
Loan Growth (YoY)-4.00%0.38%-2.12%-4.45%-7.83%-382 bps
Share Growth (YoY)-9.89%-7.93%-7.35%-5.61%-3.57%+632 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 / Loans0.25%0.25%0.28%0.29%0.21%-3 bps
Capital
Risk-Based Capital21.01%21.76%21.26%21.98%10.73%-1,028 bps
Net Worth / Assets21.01%21.76%21.26%21.98%10.73%-1,028 bps
Liquidity & Funding
Loans / Shares66.95%69.81%63.64%63.72%64.00%-295 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps