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State Farm Ins Co. Mtn Sts Reg Ofc

Greeley, CO · Charter 15893

Q4 2002

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: Q4 2002, the quarter ended December 31, 2002, 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 Ins Co. Mtn Sts Reg Ofc

Greeley, CO · Charter 15893

Q4 2002

$67.1MAssets
$21.4MLoans
$58.3MShares
$8.2MNet Worth

Executive Summary

  • Earnings: ROA of 0.87%, up 16 bps year over year; NIM at 1.30%.
  • Asset quality: problem loans at 0.51% of loans (+49 bps YoY).
  • Capital: net worth / assets of 12.26%, down 118 bps from a year ago.
  • Funding: loans stand at 36.76% of shares as of Q4 2002.

Return on Assets (YTD, annualized)

0.87%+16 bps YoY

Net Interest Margin (YTD, annualized)

1.30%-13 bps YoY

Efficiency Ratio (YTD, annualized)

17.09%+86 bps YoY

Net Worth / Assets

12.26%-118 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2000Q4 2000Q2 2001Q4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets1.66%1.30%0.75%0.71%1.25%1.03%0.91%0.87%+16 bps
Return on Equityn/a8.58%5.14%5.31%9.52%7.83%7.26%7.11%+180 bps
Net Interest Margin2.05%1.87%1.61%1.43%1.54%1.41%1.30%1.30%-13 bps
Efficiency Ratio14.53%16.26%16.77%16.24%19.00%27.18%20.56%17.09%+86 bps
Growth
Asset Growth (YoY)10.14%2.36%9.94%17.33%26.37%25.52%27.00%18.61%+128 bps
Loan Growth (YoY)10.61%10.84%5.66%-0.89%-5.45%-7.85%-7.91%-9.77%-887 bps
Share Growth (YoY)8.42%-0.34%8.71%17.75%29.17%29.29%30.54%20.57%+283 bps
Asset Quality
Delinquent Loans / Loans0.00%0.27%0.00%0.02%0.10%0.20%0.19%0.51%+49 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.25%0.56%0.41%0.62%0.70%0.61%0.64%0.68%+6 bps
Capital
Risk-Based Capitaln/a15.10%14.58%13.43%13.10%13.17%12.49%12.26%-118 bps
Net Worth / Assetsn/a15.10%14.58%13.43%13.10%13.17%12.49%12.26%-118 bps
Liquidity & Funding
Loans / Shares61.43%61.81%56.95%49.12%44.96%44.06%40.17%36.76%-1,236 bps
Liquid Assets / Assets16.95%21.28%19.36%27.03%24.98%17.44%24.91%11.40%-1,563 bps