PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

State Farm Ins Co. Mtn Sts Reg Ofc

Greeley, CO · Charter 15893

Q4 2002

$67.1MAssets
$21.4MLoans
$58.3MShares
$8.2MNet 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 0.87%, 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.

Financial Results

Return on Assets (quarter, annualized)

0.87%+16 bps YoY

Net Interest Margin (quarter, annualized)

1.30%-13 bps YoY

Efficiency Ratio (quarter, annualized)

17.09%+86 bps YoY

Net Worth / Assets

12.26%-118 bps YoY

Discrete quarter, annualized.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets0.71%1.25%1.03%0.91%0.87%+16 bps
Return on Equity5.31%9.52%7.83%7.26%7.11%+180 bps
Net Interest Margin1.43%1.54%1.41%1.30%1.30%-13 bps
Efficiency Ratio16.24%19.00%27.18%20.56%17.09%+86 bps
Growth
Asset Growth (YoY)17.33%26.37%25.52%27.00%18.61%+128 bps
Loan Growth (YoY)-0.89%-5.45%-7.85%-7.91%-9.77%-887 bps
Share Growth (YoY)17.75%29.17%29.29%30.54%20.57%+283 bps
Asset Quality
Delinquent Loans / Loans0.02%0.10%0.20%0.19%0.51%+49 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.62%0.70%0.61%0.64%0.68%+6 bps
Capital
Risk-Based Capital13.43%13.10%13.17%12.49%12.26%-118 bps
Net Worth / Assets13.43%13.10%13.17%12.49%12.26%-118 bps
Liquidity & Funding
Loans / Shares49.12%44.96%44.06%40.17%36.76%-1,236 bps
Liquid Assets / Assets27.03%24.98%17.44%24.91%11.40%-1,563 bps