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Sea Island Employees

St. Simons Isla, GA · Charter 67939

Q4 2011

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 2011, the quarter ended December 31, 2011, 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

Sea Island Employees

St. Simons Isla, GA · Charter 67939

Q4 2011

$38.2MAssets
$29.7MLoans
$34.7MShares
$1.3MNet 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 -2.84%, up 26 bps year over year; NIM at 4.33%.
  • Asset quality: problem loans at 0.63% of loans (+8 bps YoY).
  • Capital: net worth / assets of 3.29%, down 350 bps from a year ago.
  • Funding: loans stand at 85.61% of shares as of Q4 2011.

Financial Results

Return on Assets (YTD, annualized)

-2.84%+26 bps YoY

Net Interest Margin (YTD, annualized)

4.33%+40 bps YoY

Efficiency Ratio (YTD, annualized)

100.41%-150 bps YoY

Net Worth / Assets

3.29%-350 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets-3.10%0.39%-0.09%-3.39%-2.84%+26 bps
Return on Equity-45.62%7.50%-1.66%-104.89%-86.25%-4,063 bps
Net Interest Margin3.93%3.72%3.82%4.06%4.33%+40 bps
Efficiency Ratio101.91%84.35%89.87%109.39%100.41%-150 bps
Growth
Asset Growth (YoY)2.68%1.19%-2.49%-8.14%-16.79%-1,946 bps
Loan Growth (YoY)2.22%-8.44%-11.70%-12.74%-20.93%-2,315 bps
Share Growth (YoY)-0.30%19.09%25.54%10.90%-7.14%-684 bps
Asset Quality
Delinquent Loans / Loans0.55%2.23%0.52%1.00%0.63%+8 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.57%3.20%3.17%3.66%4.12%+255 bps
Capital
Risk-Based Capital6.79%5.19%5.22%3.23%3.29%-350 bps
Net Worth / Assets6.79%5.19%5.22%3.23%3.29%-350 bps
Liquidity & Funding
Loans / Shares100.55%78.75%77.61%79.00%85.61%-1,493 bps
Liquid Assets / Assets97.21%97.75%0.00%0.00%0.00%-9,721 bps