Westford, MA · Charter 22162
Q4 2003
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Westford, MA · Charter 22162
Q4 2003
NIM decomposition not available for credit unions
Non-interest trend not available for credit unions
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.09% | 0.37% | -2.39% | -1.30% | -0.44% | -54 bps | |
| Return on Equity | 0.75% | 2.89% | -22.46% | -11.54% | -3.13% | -388 bps | |
| Net Interest Margin | 3.82% | 3.74% | 3.39% | 3.39% | 4.00% | +17 bps | |
| Efficiency Ratio | 88.79% | 90.17% | 94.64% | 112.70% | 106.73% | +1,793 bps | |
| Growth | |||||||
| Asset Growth (YoY) | -3.78% | 2.54% | -1.04% | 3.98% | -13.69% | -991 bps | |
| Loan Growth (YoY) | 0.12% | 15.60% | 2.41% | -14.12% | -22.09% | -2,220 bps | |
| Share Growth (YoY) | -4.55% | 2.89% | -0.28% | 5.47% | -15.25% | -1,070 bps | |
| Asset Quality | |||||||
| Delinquent Loans / Loans | 7.18% | 6.23% | 1.89% | 2.06% | 2.07% | -511 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 2.57% | 2.53% | 0.99% | 4.76% | 2.87% | +30 bps | |
| Capital | |||||||
| Risk-Based Capital | 12.56% | 12.81% | 10.65% | 11.25% | 14.11% | +155 bps | |
| Net Worth / Assets | 12.56% | 12.81% | 10.65% | 11.25% | 14.11% | +155 bps | |
| Liquidity & Funding | |||||||
| Loans / Shares | 33.50% | 34.57% | 28.40% | 26.99% | 30.80% | -270 bps | |
| Liquid Assets / Assets | 69.18% | 68.54% | 72.99% | 75.37% | 72.05% | +287 bps | |