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State Farm Mid-South

Monroe, LA · Charter 19504

Q3 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: Q3 2003, the quarter ended September 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 Mid-South

Monroe, LA · Charter 19504

Q3 2003

$94.2MAssets
$27.1MLoans
$85.1MShares
$9.2MNet 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 0.16%, down 106 bps year over year; NIM at 0.49%.
  • Asset quality: problem loans at 0.92% of loans (+45 bps YoY).
  • Capital: net worth / assets of 9.71%, down 184 bps from a year ago.
  • Funding: loans stand at 31.89% of shares as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

0.16%-106 bps YoY

Net Interest Margin (YTD, annualized)

0.49%-109 bps YoY

Efficiency Ratio (YTD, annualized)

41.33%+2,721 bps YoY

Net Worth / Assets

9.71%-184 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets1.22%1.23%1.06%0.61%0.16%-106 bps
Return on Equity10.59%10.75%9.41%6.07%1.68%-891 bps
Net Interest Margin1.58%1.54%1.53%0.95%0.49%-109 bps
Efficiency Ratio14.12%13.50%15.53%21.67%41.33%+2,721 bps
Growth
Asset Growth (YoY)23.82%21.29%17.44%16.07%13.16%-1,067 bps
Loan Growth (YoY)-3.37%-4.37%-8.91%-11.24%-13.37%-1,000 bps
Share Growth (YoY)26.41%22.93%18.35%18.61%16.87%-954 bps
Asset Quality
Delinquent Loans / Loans0.47%0.55%0.26%0.48%0.92%+45 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.59%0.55%0.52%0.55%0.54%-5 bps
Capital
Risk-Based Capital11.56%11.46%11.27%10.08%9.71%-184 bps
Net Worth / Assets11.56%11.46%11.27%10.08%9.71%-184 bps
Liquidity & Funding
Loans / Shares43.02%40.05%37.00%34.01%31.89%-1,113 bps
Liquid Assets / Assets13.81%16.81%17.57%20.02%20.39%+658 bps