PackageTrendsPeer
Letter portraitLegal landscape

Sheffer Collet Employees

Old Mission, MI · Charter 8153

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

Sheffer Collet Employees

Old Mission, MI · Charter 8153

Q3 2008

$124KAssets
$72KLoans
$105KShares
$18KNet 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 -18.65%, down 1,922 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 51.95% of loans (+1,986 bps YoY).
  • Capital: net worth / assets of 14.73%, down 329 bps from a year ago.
  • Funding: loans stand at 68.68% of shares as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

-18.65%-1,922 bps YoY

Net Interest Margin (YTD, annualized)

3.58%-146 bps YoY

Efficiency Ratio (YTD, annualized)

207%+12,917 bps YoY

Net Worth / Assets

14.73%-329 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.57%1.59%-2.02%-3.13%-18.65%-1,922 bps
Return on Equity3.15%9.31%-10.87%-12.74%-126.66%-12,981 bps
Net Interest Margin5.04%4.89%2.42%3.35%3.58%-146 bps
Efficiency Ratio77.47%67.56%183.19%193.59%207%+12,917 bps
Growth
Asset Growth (YoY)-10.42%-11.69%-16.57%-42.01%-41.23%-3,081 bps
Loan Growth (YoY)-18.84%-26.41%-23.06%-25.67%-47.06%-2,822 bps
Share Growth (YoY)-11.12%-11.04%-17.49%-47.32%-38.89%-2,776 bps
Asset Quality
Delinquent Loans / Loans32.09%0.00%47.20%54.18%51.95%+1,986 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.36%0.00%0.68%0.75%3.18%+282 bps
Capital
Risk-Based Capital18.02%17.04%18.55%24.60%14.73%-329 bps
Net Worth / Assets18.02%17.04%18.55%24.60%14.73%-329 bps
Liquidity & Funding
Loans / Shares79.28%74.87%73.80%103.23%68.68%-1,060 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps