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Glassworkers Works #14

Mt. Zion, IL · Charter 81572

Q1 2009

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: Q1 2009, the quarter ended March 31, 2009, 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

Glassworkers Works #14

Mt. Zion, IL · Charter 81572

Q1 2009

$613KAssets
$488KLoans
$546KShares
$64KNet 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 -6.79%, down 443 bps year over year; NIM at 6.46%.
  • Asset quality: problem loans at 4.78% of loans (-346 bps YoY).
  • Capital: net worth / assets of 10.42%, down 242 bps from a year ago.
  • Funding: loans stand at 89.37% of shares as of Q1 2009.

Financial Results

Return on Assets (YTD, annualized)

-6.79%-443 bps YoY

Net Interest Margin (YTD, annualized)

6.46%-4 bps YoY

Efficiency Ratio (YTD, annualized)

162.48%+2,695 bps YoY

Net Worth / Assets

10.42%-242 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets-2.35%-1.28%-0.83%-4.24%-6.79%-443 bps
Return on Equity-18.33%-9.49%-5.94%-35.50%-65.12%-4,680 bps
Net Interest Margin6.50%6.59%6.93%7.57%6.46%-4 bps
Efficiency Ratio135.53%119.02%110.08%106.80%162.48%+2,695 bps
Growth
Asset Growth (YoY)-5.39%-11.55%-9.28%-13.27%-18.18%-1,279 bps
Loan Growth (YoY)-5.64%-8.76%-1.55%-13.44%-11.81%-617 bps
Share Growth (YoY)-5.33%-12.14%-9.58%-11.02%-15.90%-1,058 bps
Asset Quality
Delinquent Loans / Loans8.24%12.61%8.32%5.93%4.78%-346 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans4.40%3.20%3.04%4.51%5.93%+153 bps
Capital
Risk-Based Capital12.84%13.47%13.92%11.93%10.42%-242 bps
Net Worth / Assets12.84%13.47%13.92%11.93%10.42%-242 bps
Liquidity & Funding
Loans / Shares85.22%90.92%104.29%96.79%89.37%+415 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps