PackageTrendsPeer
Letter portraitLegal landscape

Tormanco Employees

Torrington, CT · Charter 24132

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

Tormanco Employees

Torrington, CT · Charter 24132

Q4 2003

$1.2MAssets
$435KLoans
$942KShares
$298KNet 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 -6.25%, down 352 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 0.00% of loans (-218 bps YoY).
  • Capital: net worth / assets of 24.03%, down 124 bps from a year ago.
  • Funding: loans stand at 46.19% of shares as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

-6.25%-352 bps YoY

Net Interest Margin (YTD, annualized)

3.33%-18 bps YoY

Efficiency Ratio (YTD, annualized)

287%+10,969 bps YoY

Net Worth / Assets

24.03%-124 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets-2.73%-2.63%-2.96%-5.10%-6.25%-352 bps
Return on Equity-10.79%-10.86%-12.52%-21.02%-26.01%-1,521 bps
Net Interest Margin3.51%3.15%3.09%3.28%3.33%-18 bps
Efficiency Ratio177.42%183.44%195.30%255%287%+10,969 bps
Growth
Asset Growth (YoY)1.97%11.86%7.46%-3.56%-16.56%-1,853 bps
Loan Growth (YoY)-10.33%-10.78%3.96%-25.49%-33.37%-2,304 bps
Share Growth (YoY)7.20%22.44%15.06%1.12%-15.25%-2,245 bps
Asset Quality
Delinquent Loans / Loans2.18%2.28%2.29%0.62%0.00%-218 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.66%0.72%0.79%0.88%0.29%-36 bps
Capital
Risk-Based Capital25.26%24.17%23.61%24.28%24.03%-124 bps
Net Worth / Assets25.26%24.17%23.61%24.28%24.03%-124 bps
Liquidity & Funding
Loans / Shares58.75%51.99%48.00%48.40%46.19%-1,256 bps
Liquid Assets / Assets50.75%59.34%62.09%57.20%60.41%+967 bps