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Lakewood Schools

Lakewood, OH · Charter 96739

Q3 2007

$1.8MAssets
$807KLoans
$1.4MShares
$378KNet 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 2.02%, up 56 bps year over year; NIM at 4.87%.
  • Asset quality: problem loans at 2.45% of loans (+102 bps YoY).
  • Capital: net worth / assets of 21.31%, up 398 bps from a year ago.
  • Funding: loans stand at 57.98% of shares as of Q3 2007.

Financial Results

Return on Assets (quarter, annualized)

2.02%+56 bps YoY

Net Interest Margin (quarter, annualized)

4.87%+122 bps YoY

Efficiency Ratio (quarter, annualized)

59.15%-169 bps YoY

Net Worth / Assets

21.31%+398 bps YoY

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets1.45%1.77%2.33%2.56%2.02%+56 bps
Return on Equity8.39%9.47%12.03%12.86%9.46%+107 bps
Net Interest Margin3.65%4.07%4.82%4.89%4.87%+122 bps
Efficiency Ratio60.85%57.15%52.38%48.33%59.15%-169 bps
Growth
Asset Growth (YoY)n/an/an/a-6.10%-9.41%n/a
Loan Growth (YoY)n/an/an/a18.64%1.24%n/a
Share Growth (YoY)n/an/an/a-9.93%-13.78%n/a
Asset Quality
Delinquent Loans / Loans1.42%2.68%2.53%2.89%2.45%+102 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.69%2.59%2.48%2.56%1.10%-159 bps
Capital
Risk-Based Capital17.33%18.72%19.34%19.91%21.31%+398 bps
Net Worth / Assets17.33%18.72%19.34%19.91%21.31%+398 bps
Liquidity & Funding
Loans / Shares49.38%54.26%57.57%55.41%57.98%+860 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps