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Wheat Street Church

Atlanta, GA · Charter 10889

Q2 2004

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: Q2 2004, the quarter ended June 30, 2004, 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

Wheat Street Church

Atlanta, GA · Charter 10889

Q2 2004

$1.1MAssets
$411KLoans
$1.0MShares
$39KNet 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 -5.92%, down 235 bps year over year; NIM at 4.43%.
  • Asset quality: problem loans at 8.14% of loans (-400 bps YoY).
  • Capital: net worth / assets of 3.65%, down 490 bps from a year ago.
  • Funding: loans stand at 40.47% of shares as of Q2 2004.

Financial Results

Return on Assets (YTD, annualized)

-5.92%-235 bps YoY

Net Interest Margin (YTD, annualized)

4.43%-42 bps YoY

Efficiency Ratio (YTD, annualized)

111.45%+172 bps YoY

Net Worth / Assets

3.65%-490 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets-3.57%-6.66%-6.39%-5.75%-5.92%-235 bps
Return on Equity-41.69%-111.70%-126.24%-148.23%-161.99%-12,029 bps
Net Interest Margin4.86%4.99%5.12%4.33%4.43%-42 bps
Efficiency Ratio109.73%109.02%106.99%81.46%111.45%+172 bps
Growth
Asset Growth (YoY)-6.93%-11.09%-15.92%-18.55%-17.23%-1,030 bps
Loan Growth (YoY)-30.48%-31.18%-34.82%-36.63%-39.69%-921 bps
Share Growth (YoY)-5.91%-7.45%-12.02%-13.52%-12.40%-649 bps
Asset Quality
Delinquent Loans / Loans12.13%12.56%10.86%10.94%8.14%-400 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.16%6.93%7.18%12.42%11.34%+1,018 bps
Capital
Risk-Based Capital8.55%5.96%5.06%3.88%3.65%-490 bps
Net Worth / Assets8.55%5.96%5.06%3.88%3.65%-490 bps
Liquidity & Funding
Loans / Shares58.78%55.61%52.83%45.89%40.47%-1,832 bps
Liquid Assets / Assets44.79%49.87%49.39%55.45%60.80%+1,600 bps