PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First and Seventh Dist. D.O.T. Emp.

Bartow, FL · Charter 67321

Q4 2007

$11.8MAssets
$9.8MLoans
$10.4MShares
$1.4MNet 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 -2.75%, down 348 bps year over year; NIM at 5.25%.
  • Asset quality: problem loans at 2.78% of loans (-5 bps YoY).
  • Capital: net worth / assets of 12.09%, down 77 bps from a year ago.
  • Funding: loans stand at 94.61% of shares as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

-2.75%-348 bps YoY

Net Interest Margin (YTD, annualized)

5.25%+183 bps YoY

Efficiency Ratio (YTD, annualized)

73.03%-875 bps YoY

Net Worth / Assets

12.09%-77 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets0.73%1.06%-1.56%-1.06%-2.75%-348 bps
Return on Equity5.68%8.10%-12.21%-8.34%-22.74%-2,842 bps
Net Interest Margin3.41%4.51%4.47%4.69%5.25%+183 bps
Efficiency Ratio81.78%73.35%69.28%69.61%73.03%-875 bps
Growth
Asset Growth (YoY)-5.80%-6.47%-5.74%-7.42%-13.65%-785 bps
Loan Growth (YoY)2.42%-1.83%-10.30%-15.09%-17.21%-1,964 bps
Share Growth (YoY)-12.04%-7.80%-4.05%-1.90%-8.22%+382 bps
Asset Quality
Delinquent Loans / Loans2.83%2.22%1.75%0.55%2.78%-5 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.64%0.71%0.18%0.38%2.86%+222 bps
Capital
Risk-Based Capital12.86%13.14%12.77%12.66%12.09%-77 bps
Net Worth / Assets12.86%13.14%12.77%12.66%12.09%-77 bps
Liquidity & Funding
Loans / Shares104.89%96.72%94.59%90.61%94.61%-1,028 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps