PackageTrendsPeer
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Connecticut State Grange

Glastonbury, CT · Charter 20849

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

Connecticut State Grange

Glastonbury, CT · Charter 20849

Q4 2003

$1.2MAssets
$502KLoans
$1.2MShares
$77KNet 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 -0.83%, down 89 bps year over year; NIM at 0.80%.
  • Asset quality: problem loans at 2.19% of loans (+210 bps YoY).
  • Capital: net worth / assets of 6.25%, down 136 bps from a year ago.
  • Funding: loans stand at 43.36% of shares as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

-0.83%-89 bps YoY

Net Interest Margin (YTD, annualized)

0.80%-302 bps YoY

Efficiency Ratio (YTD, annualized)

197.75%+10,198 bps YoY

Net Worth / Assets

6.25%-136 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets0.06%-1.36%-1.26%-1.08%-0.83%-89 bps
Return on Equity0.77%-18.26%-17.86%-15.30%-13.25%-1,403 bps
Net Interest Margin3.81%2.76%3.11%3.24%0.80%-302 bps
Efficiency Ratio95.77%142.95%138.16%131.62%197.75%+10,198 bps
Growth
Asset Growth (YoY)-18.81%-10.49%-8.38%-9.24%-4.80%+1,402 bps
Loan Growth (YoY)-13.80%-17.47%-21.69%-14.73%-4.39%+941 bps
Share Growth (YoY)-19.70%-10.48%-7.80%-8.41%-3.48%+1,622 bps
Asset Quality
Delinquent Loans / Loans0.10%3.67%2.22%0.68%2.19%+210 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.18%1.64%1.84%1.90%1.97%+78 bps
Capital
Risk-Based Capital7.61%7.45%7.07%7.03%6.25%-136 bps
Net Worth / Assets7.61%7.45%7.07%7.03%6.25%-136 bps
Liquidity & Funding
Loans / Shares43.77%40.96%41.90%43.50%43.36%-41 bps
Liquid Assets / Assets42.00%58.49%47.08%36.97%56.88%+1,488 bps