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Sears

Memphis, TN · Charter 989

Q1 2013

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 2013, the quarter ended March 31, 2013, 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

Sears

Memphis, TN · Charter 989

Q1 2013

$27.6MAssets
$8.4MLoans
$23.5MShares
$4.1MNet Worth

Executive Summary

  • Earnings: ROA of -10.86%, down 1,062 bps year over year; NIM at -8.78%.
  • Asset quality: problem loans at 0.76% of loans (-36 bps YoY).
  • Capital: net worth / assets of 14.94%, down 268 bps from a year ago.
  • Funding: loans stand at 35.72% of shares as of Q1 2013.

Return on Assets (YTD, annualized)

-10.86%-1,062 bps YoY

Net Interest Margin (YTD, annualized)

-8.78%-1,127 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

14.94%-268 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets-0.94%-0.95%-0.83%-0.25%-0.33%-0.54%-0.49%-10.86%-1,062 bps
Return on Equity-5.45%-5.37%-4.69%-1.40%-1.88%-3.08%-2.80%-72.71%-7,131 bps
Net Interest Margin2.44%2.51%2.54%2.49%2.52%2.50%2.47%-8.78%-1,127 bps
Efficiency Ratio135.15%133.06%127.17%106.90%109.51%117.02%115.70%n/an/a
Growth
Asset Growth (YoY)-9.18%-2.52%-3.55%-3.98%-5.29%-2.31%-1.69%-2.56%+142 bps
Loan Growth (YoY)22.33%24.88%43.91%16.42%4.79%1.44%-7.63%-8.59%-2,501 bps
Share Growth (YoY)-0.17%-1.39%-3.02%-2.52%-3.32%-2.37%-1.47%0.91%+343 bps
Asset Quality
Delinquent Loans / Loans0.44%0.63%0.85%1.12%0.72%0.76%0.79%0.76%-36 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.50%0.55%0.49%0.50%0.55%0.55%0.49%0.32%-18 bps
Capital
Risk-Based Capital17.28%17.62%17.66%17.62%17.74%17.52%17.47%14.94%-268 bps
Net Worth / Assets17.28%17.62%17.66%17.62%17.74%17.52%17.47%14.94%-268 bps
Liquidity & Funding
Loans / Shares37.07%37.35%40.53%39.44%40.18%38.81%38.00%35.72%-371 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps