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Associates Mutual

Houston, TX · Charter 67594

Q4 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: Q4 2007, the quarter ended December 31, 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 2026-10-10

Associates Mutual

Houston, TX · Charter 67594

Q4 2007

$15.2MAssets
$5.1MLoans
$13.0MShares
$821KNet Worth

Executive Summary

  • Earnings: ROA of -8.85%, down 905 bps year over year; NIM at 3.80%.
  • Asset quality: problem loans at 0.54% of loans (+45 bps YoY).
  • Capital: net worth / assets of 5.40%, down 751 bps from a year ago.
  • Funding: loans stand at 39.10% of shares as of Q4 2007.

Return on Assets (YTD, annualized)

-8.85%-905 bps YoY

Net Interest Margin (YTD, annualized)

3.80%+47 bps YoY

Efficiency Ratio (YTD, annualized)

288%+19,384 bps YoY

Net Worth / Assets

5.40%-751 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets-0.57%-0.19%0.04%0.20%0.52%0.63%0.54%-8.85%-905 bps
Return on Equity-3.82%-1.57%0.32%1.54%3.96%4.69%3.89%-164.01%-16,555 bps
Net Interest Margin3.53%2.95%3.17%3.33%3.48%3.60%3.65%3.80%+47 bps
Efficiency Ratio110.95%103.89%97.85%94.32%87.93%85.90%87.18%288%+19,384 bps
Growth
Asset Growth (YoY)-3.72%22.83%18.11%17.76%18.79%-6.90%-6.20%-9.44%-2,720 bps
Loan Growth (YoY)3.22%7.19%13.43%8.55%2.45%1.04%-0.69%-4.81%-1,335 bps
Share Growth (YoY)-3.68%27.63%20.44%21.02%21.35%-8.88%-6.42%-10.44%-3,146 bps
Asset Quality
Delinquent Loans / Loans0.17%0.12%0.11%0.09%0.13%0.12%0.57%0.54%+45 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.53%0.50%0.50%0.44%0.44%0.44%0.44%0.42%-3 bps
Capital
Risk-Based Capital15.04%12.02%12.58%12.91%13.12%13.54%14.00%5.40%-751 bps
Net Worth / Assets15.04%12.02%12.58%12.91%13.12%13.54%14.00%5.40%-751 bps
Liquidity & Funding
Loans / Shares44.61%34.50%37.30%36.78%37.66%38.26%39.58%39.10%+231 bps
Liquid Assets / Assets54.07%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps