PackageTrendsPeer
Letter portraitLegal landscape

Haverhill Municipal Employees

Haverhill, MA · Charter 67880

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

Haverhill Municipal Employees

Haverhill, MA · Charter 67880

Q3 2008

$4.1MAssets
$2.0MLoans
$3.7MShares
$401KNet 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 -0.70%, down 28 bps year over year; NIM at 3.80%.
  • Asset quality: problem loans at 2.25% of loans (+49 bps YoY).
  • Capital: net worth / assets of 9.75%, down 40 bps from a year ago.
  • Funding: loans stand at 54.09% of shares as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

-0.70%-28 bps YoY

Net Interest Margin (YTD, annualized)

3.80%-96 bps YoY

Efficiency Ratio (YTD, annualized)

116.31%+1,290 bps YoY

Net Worth / Assets

9.75%-40 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets-0.42%-0.94%-1.07%-0.72%-0.70%-28 bps
Return on Equity-4.12%-9.21%-11.10%-7.51%-7.18%-306 bps
Net Interest Margin4.76%4.95%4.15%3.89%3.80%-96 bps
Efficiency Ratio103.41%113.55%121.62%115.86%116.31%+1,290 bps
Growth
Asset Growth (YoY)-10.96%-13.95%-9.67%-6.47%-6.88%+408 bps
Loan Growth (YoY)-25.85%-22.27%-23.08%-26.55%-25.13%+72 bps
Share Growth (YoY)-11.44%-14.48%-9.67%-5.97%-6.37%+506 bps
Asset Quality
Delinquent Loans / Loans1.76%0.38%0.36%2.08%2.25%+49 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.73%0.74%0.95%1.11%1.15%+41 bps
Capital
Risk-Based Capital10.14%10.20%9.66%9.63%9.75%-40 bps
Net Worth / Assets10.14%10.20%9.66%9.63%9.75%-40 bps
Liquidity & Funding
Loans / Shares67.64%70.17%62.81%57.15%54.09%-1,355 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps