PackageTrendsPeer
Letter portraitLegal landscape

Sorvall Employees

Newtown, CT · Charter 18771

Q4 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: Q4 2003, the quarter ended December 31, 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

Sorvall Employees

Newtown, CT · Charter 18771

Q4 2003

$373KAssets
$268KLoans
$319KShares
$54KNet 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 -6.91%, down 744 bps year over year; NIM at 7.86%.
  • Asset quality: problem loans at 11.12% of loans (-776 bps YoY).
  • Capital: net worth / assets of 14.36%, down 210 bps from a year ago.
  • Funding: loans stand at 84.11% of shares as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

-6.91%-744 bps YoY

Net Interest Margin (YTD, annualized)

7.86%+136 bps YoY

Efficiency Ratio (YTD, annualized)

92.30%+278 bps YoY

Net Worth / Assets

14.36%-210 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets0.53%0.44%1.32%-7.19%-6.91%-744 bps
Return on Equity3.23%2.84%7.81%-59.71%-48.11%-5,134 bps
Net Interest Margin6.50%6.03%7.00%7.07%7.86%+136 bps
Efficiency Ratio89.52%92.73%81.21%85.53%92.30%+278 bps
Growth
Asset Growth (YoY)-7.91%1.41%-6.84%-13.66%-22.62%-1,471 bps
Loan Growth (YoY)-10.06%-9.44%-0.74%-19.96%-29.09%-1,903 bps
Share Growth (YoY)-8.52%0.99%-8.80%-10.50%-20.69%-1,216 bps
Asset Quality
Delinquent Loans / Loans18.88%13.80%16.57%6.18%11.12%-776 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans7.33%4.18%3.72%1.02%1.28%-605 bps
Capital
Risk-Based Capital16.46%15.45%16.84%12.05%14.36%-210 bps
Net Worth / Assets16.46%15.45%16.84%12.05%14.36%-210 bps
Liquidity & Funding
Loans / Shares94.07%82.26%86.76%73.74%84.11%-996 bps
Liquid Assets / Assets24.76%31.54%28.66%33.99%26.57%+181 bps