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Decatur, AL · Charter 68544

Q4 2006

$5.0MAssets
$3.7MLoans
$4.4MShares
$606KNet 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 0.75%, down 3 bps year over year; NIM at 4.06%.
  • Asset quality: problem loans at 1.12% of loans (+38 bps YoY).
  • Capital: net worth / assets of 12.06%, up 62 bps from a year ago.
  • Funding: loans stand at 83.35% of shares as of Q4 2006.

Financial Results

Return on Assets (quarter, annualized)

0.75%-3 bps YoY

Net Interest Margin (quarter, annualized)

4.06%+16 bps YoY

Efficiency Ratio (quarter, annualized)

83.19%+82 bps YoY

Net Worth / Assets

12.06%+62 bps YoY

Discrete quarter, annualized.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets0.78%0.81%0.61%0.85%0.75%-3 bps
Return on Equity6.82%7.17%5.37%6.98%6.22%-61 bps
Net Interest Margin3.90%4.13%3.94%4.16%4.06%+16 bps
Efficiency Ratio82.37%81.91%85.60%81.53%83.19%+82 bps
Growth
Asset Growth (YoY)n/an/an/an/a1.17%n/an/a
Loan Growth (YoY)n/an/an/an/a3.41%n/an/a
Share Growth (YoY)n/an/an/an/a0.37%n/an/a
Asset Quality
Delinquent Loans / Loans0.74%0.59%0.46%0.82%1.12%+38 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.82%0.74%0.72%0.72%0.74%-7 bps
Capital
Risk-Based Capital11.44%11.23%11.45%12.14%12.06%+62 bps
Net Worth / Assets11.44%11.23%11.45%12.14%12.06%+62 bps
Liquidity & Funding
Loans / Shares80.90%79.58%83.35%85.81%83.35%+245 bps
Liquid Assets / Assets25.95%26.96%0.00%0.00%0.00%-2,595 bps