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Protective Industrial

Birmingham, AL · Charter 13504

Q3 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: 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.

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

Protective Industrial

Birmingham, AL · Charter 13504

Q3 2004

$56KAssets
$52KLoans
$20KShares
$34KNet 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 0.77%, up 55 bps year over year; NIM at 11.66%.
  • Asset quality: problem loans at 0.78% of loans (+78 bps YoY).
  • Capital: net worth / assets of 61.52%, up 2,579 bps from a year ago.
  • Funding: loans stand at 262.20% of shares as of Q3 2004.

Financial Results

Return on Assets (YTD, annualized)

0.77%+55 bps YoY

Net Interest Margin (YTD, annualized)

11.66%+308 bps YoY

Efficiency Ratio (YTD, annualized)

93.52%-399 bps YoY

Net Worth / Assets

61.52%+2,579 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets0.22%0.67%1.55%1.31%0.77%+55 bps
Return on Equity0.61%1.46%3.60%2.29%1.25%+64 bps
Net Interest Margin8.57%11.53%10.60%14.31%11.66%+308 bps
Efficiency Ratio97.51%94.30%85.59%90.93%93.52%-399 bps
Growth
Asset Growth (YoY)5.52%3.58%-2.71%-31.43%-40.78%-4,630 bps
Loan Growth (YoY)11.51%9.14%4.26%-21.04%-24.08%-3,559 bps
Share Growth (YoY)6.11%5.98%-6.17%-54.22%-66.29%-7,240 bps
Asset Quality
Delinquent Loans / Loans0.00%0.62%0.68%0.78%0.78%+78 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans14.62%15.46%16.99%19.49%19.54%+492 bps
Capital
Risk-Based Capital35.73%46.01%42.94%57.35%61.52%+2,579 bps
Net Worth / Assets35.73%46.01%42.94%57.35%61.52%+2,579 bps
Liquidity & Funding
Loans / Shares116.41%167.84%133.62%216%262%+14,578 bps
Liquid Assets / Assets32.05%24.54%36.75%28.53%17.75%-1,431 bps