PackageTrendsPeer
Letter portraitLegal landscape

Syroco

Baldwinsville, NY · Charter 20643

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

Syroco

Baldwinsville, NY · Charter 20643

Q4 2002

$489KAssets
$100KLoans
$301KShares
$133KNet 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 -1.64%, up 100 bps year over year; NIM at 2.23%.
  • Asset quality: problem loans at 6.56% of loans (+542 bps YoY).
  • Capital: net worth / assets of 27.17%, down 788 bps from a year ago.
  • Funding: loans stand at 33.15% of shares as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

-1.64%+100 bps YoY

Net Interest Margin (YTD, annualized)

2.23%+105 bps YoY

Efficiency Ratio (YTD, annualized)

171.54%-13,619 bps YoY

Net Worth / Assets

27.17%-788 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2001Q4 2001Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets-2.64%-0.02%-1.75%-0.63%-1.64%+100 bps
Return on Equity-7.54%-0.06%-4.91%-1.73%-6.05%+150 bps
Net Interest Margin1.19%3.92%2.02%2.14%2.23%+105 bps
Efficiency Ratio308%100.57%184.72%128.70%171.54%-13,619 bps
Growth
Asset Growth (YoY)-12.23%-16.66%-15.58%-16.04%-13.39%-115 bps
Loan Growth (YoY)-25.97%-39.15%-38.17%-44.26%-38.50%-1,252 bps
Share Growth (YoY)-18.93%-25.43%-22.32%-22.01%-17.87%+107 bps
Asset Quality
Delinquent Loans / Loans1.14%2.58%6.77%6.43%6.56%+542 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.28%3.06%3.46%3.62%4.07%+179 bps
Capital
Risk-Based Capital35.06%37.60%35.66%36.39%27.17%-788 bps
Net Worth / Assets35.06%37.60%35.66%36.39%27.17%-788 bps
Liquidity & Funding
Loans / Shares44.27%37.57%33.94%33.85%33.15%-1,112 bps
Liquid Assets / Assets69.56%75.16%76.33%76.53%77.51%+794 bps