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White Springs

White Springs, FL · Charter 20154

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

White Springs

White Springs, FL · Charter 20154

Q4 2003

$12.4MAssets
$8.7MLoans
$12.9MShares
$-567KNet 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 -9.48%, down 1,032 bps year over year; NIM at 5.96%.
  • Asset quality: problem loans at 6.84% of loans (-370 bps YoY).
  • Capital: net worth / assets of -4.58%, down 1,040 bps from a year ago.
  • Funding: loans stand at 67.40% of shares as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

-9.48%-1,032 bps YoY

Net Interest Margin (YTD, annualized)

5.96%+19 bps YoY

Efficiency Ratio (YTD, annualized)

64.72%-996 bps YoY

Net Worth / Assets

-4.58%-1,040 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets0.84%-7.23%-11.82%-8.29%-9.48%-1,032 bps
Return on Equity14.41%-183.89%-3020%n/an/an/a
Net Interest Margin5.78%5.18%4.57%5.85%5.96%+19 bps
Efficiency Ratio74.68%76.62%78.51%60.43%64.72%-996 bps
Growth
Asset Growth (YoY)22.29%30.68%-4.89%-12.55%-15.93%-3,822 bps
Loan Growth (YoY)58.23%26.62%-11.92%-23.14%-29.12%-8,734 bps
Share Growth (YoY)26.33%34.06%-0.48%-5.83%-7.12%-3,345 bps
Asset Quality
Delinquent Loans / Loans10.55%9.56%8.74%6.72%6.84%-370 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.60%1.77%4.23%5.42%6.30%+470 bps
Capital
Risk-Based Capital5.82%3.93%0.39%-1.55%-4.58%-1,040 bps
Net Worth / Assets5.82%3.93%0.39%-1.55%-4.58%-1,040 bps
Liquidity & Funding
Loans / Shares88.32%78.85%80.68%75.03%67.40%-2,092 bps
Liquid Assets / Assets7.65%18.27%14.96%19.83%24.03%+1,638 bps