Institution Statistics
| SPERRY MARINE | | NCUA # | 11855 | | BankRate Report | View | | Year Chartered | 1957 | | Employees | 8 | | Primary Regulator | |
Assets and Liabilities | | Assets | $19.76 million | | Loans | $12.96 million | | Deposits | $18.35 million | | Equity Capital | $1.13 million | | Loan Loss Allowance | $54,000 | | Unbacked Noncurrent Loans | $155,000 | | Real Estate Owned | $306,000 |
Historic Data - December 2010 | | Assets | $23.20 million | | Equity Capital | $1.16 million | | Loan Loss Allowance | $67,000 | | Unbacked Noncurrent Loans | $369,000 | | Real Estate Owned | $306,000 |
Profit Margin - Quarterly | | Net Interest Margin | 5.86% | | Return on Assets | -0.15% | | Return on Equity | -2.66% | | Interest Income | $973,000 | | Non-Interest Income | $137,000 |
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Institution Health
Overall Score:
2 out of 5 
| Texas Ratio |  | | The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Sperry Marine Credit Union had $461,000 in non-current loans and owned real-estate with $1.18 million in equity and loan loss allowances on hand to cover it. This gives Sperry Marine Credit Union a Texas Ratio of 39.00% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Sperry Marine Credit Union decreased slightly from 54.97% as of December 31, 2010 to 39.00% as of December 31, 2011, resulting in a positive change of 29.05%.This indicates that the balance sheet and financial strength for Sperry Marine Credit Union has improved slightly in recent periods. | | Deposit Growth |  | | In the past year, Sperry Marine Credit Union has decreased its total deposits by -$3.11 million, resulting in -14.48% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Sperry Marine Credit Union has shown is poor. | | Capitalization | | | Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Sperry Marine Credit Union has $19.76 million in assets with $1.18 million in equity, resulting in a capitalization level of 5.98%, which is below average. |
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