Norfolk, VA · Charter 1156
Q3 2004
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2004, the quarter ended September 30, 2004, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Norfolk, VA · Charter 1156
Q3 2004
NIM decomposition not available for credit unions
Non-interest trend not available for credit unions
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q3 2003 | Q4 2003 | Q1 2004 | Q2 2004 | Q3 2004 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.43% | 0.31% | 0.16% | 0.18% | -0.13% | -56 bps | |
| Return on Equity | 5.19% | 4.06% | 1.94% | 2.20% | -1.36% | -654 bps | |
| Net Interest Margin | 3.45% | 3.15% | 3.56% | 3.41% | 4.09% | +64 bps | |
| Efficiency Ratio | 85.95% | 86.70% | 83.78% | 86.02% | 83.75% | -221 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 25.41% | 33.45% | 8.32% | 6.80% | -11.66% | -3,706 bps | |
| Loan Growth (YoY) | -7.03% | -6.35% | -5.87% | -11.21% | -0.29% | +674 bps | |
| Share Growth (YoY) | 27.64% | 36.95% | 9.32% | 7.77% | -13.06% | -4,070 bps | |
| Asset Quality | |||||||
| Delinquent Loans / Loans | 2.02% | 0.92% | 2.34% | 1.74% | 0.45% | -157 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 0.38% | 0.72% | 0.90% | 0.87% | 1.12% | +74 bps | |
| Capital | |||||||
| Risk-Based Capital | 8.37% | 7.55% | 8.32% | 8.04% | 9.27% | +90 bps | |
| Net Worth / Assets | 8.37% | 7.55% | 8.32% | 8.04% | 9.27% | +90 bps | |
| Liquidity & Funding | |||||||
| Loans / Shares | 63.76% | 58.32% | 65.76% | 59.98% | 73.13% | +937 bps | |
| Liquid Assets / Assets | 39.72% | 44.39% | 37.87% | 20.96% | 32.07% | -764 bps | |