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Letter portraitLegal landscapeQuarterYTD

Chelan County P U D Empl. Cr. Un.

Wenatchee, WA · Charter 68314

Q3 2006

$2.5MAssets
$1.5MLoans
$2.1MShares
$362KNet 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 0.02%, up 1 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 1.67% of loans (-94 bps YoY).
  • Capital: net worth / assets of 14.38%, up 330 bps from a year ago.
  • Funding: loans stand at 72.35% of shares as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

0.02%+1 bps YoY

Net Interest Margin (quarter, annualized)

3.33%+80 bps YoY

Efficiency Ratio (quarter, annualized)

99.41%+130 bps YoY

Net Worth / Assets

14.38%+330 bps YoY

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.01%-0.12%-0.82%-0.15%0.02%+1 bps
Return on Equity0.07%-1.04%-6.86%-1.15%0.14%+7 bps
Net Interest Margin2.53%2.59%1.99%2.87%3.33%+80 bps
Efficiency Ratio98.11%103.43%141.37%105.26%99.41%+130 bps
Growth
Asset Growth (YoY)-12.35%-13.43%-9.73%-13.67%-23.87%-1,152 bps
Loan Growth (YoY)7.85%1.18%11.99%13.49%22.08%+1,423 bps
Share Growth (YoY)-16.68%-12.14%-11.41%-15.29%-24.30%-763 bps
Asset Quality
Delinquent Loans / Loans2.61%2.59%2.19%2.57%1.67%-94 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.65%2.70%2.53%2.29%2.04%-61 bps
Capital
Risk-Based Capital11.08%11.57%11.99%13.12%14.38%+330 bps
Net Worth / Assets11.08%11.57%11.99%13.12%14.38%+330 bps
Liquidity & Funding
Loans / Shares44.86%44.65%51.29%58.95%72.35%+2,749 bps
Liquid Assets / Assets60.34%59.89%50.90%0.00%0.00%-6,034 bps