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State Farm Pennsylvania

Concordville, PA · Charter 12190

Q2 2003

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 2003, the quarter ended June 30, 2003, 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

State Farm Pennsylvania

Concordville, PA · Charter 12190

Q2 2003

$88.7MAssets
$18.1MLoans
$81.5MShares
$6.5MNet 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 0.06%, down 41 bps year over year; NIM at 0.41%.
  • Asset quality: problem loans at 0.52% of loans (+39 bps YoY).
  • Capital: net worth / assets of 7.31%, down 112 bps from a year ago.
  • Funding: loans stand at 22.26% of shares as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

0.06%-41 bps YoY

Net Interest Margin (YTD, annualized)

0.41%-33 bps YoY

Efficiency Ratio (YTD, annualized)

47.75%+2,505 bps YoY

Net Worth / Assets

7.31%-112 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets0.47%0.39%0.39%0.15%0.06%-41 bps
Return on Equity5.52%4.77%4.87%1.96%0.79%-473 bps
Net Interest Margin0.74%0.74%0.73%0.45%0.41%-33 bps
Efficiency Ratio22.71%22.60%24.61%36.00%47.75%+2,505 bps
Growth
Asset Growth (YoY)52.72%45.36%24.55%22.99%18.32%-3,440 bps
Loan Growth (YoY)9.36%5.59%1.18%-3.52%-5.22%-1,457 bps
Share Growth (YoY)59.08%50.66%26.53%25.16%19.98%-3,909 bps
Asset Quality
Delinquent Loans / Loans0.13%0.53%0.47%0.50%0.52%+39 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.45%0.51%0.45%0.49%0.53%+9 bps
Capital
Risk-Based Capital8.43%8.13%7.95%7.52%7.31%-112 bps
Net Worth / Assets8.43%8.13%7.95%7.52%7.31%-112 bps
Liquidity & Funding
Loans / Shares28.18%27.40%25.47%22.79%22.26%-592 bps
Liquid Assets / Assets38.35%36.81%49.67%39.32%39.65%+130 bps