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State Farm Oklahoma-Kansas

Tulsa, OK · Charter 24392

Q3 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: Q3 2003, the quarter ended September 30, 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

State Farm Oklahoma-Kansas

Tulsa, OK · Charter 24392

Q3 2003

$47.5MAssets
$23.2MLoans
$43.2MShares
$4.3MNet Worth

Executive Summary

  • Earnings: ROA of 0.78%, down 63 bps year over year; NIM at 1.02%.
  • Asset quality: problem loans at 0.08% of loans (+5 bps YoY).
  • Capital: net worth / assets of 9.10%, down 8 bps from a year ago.
  • Funding: loans stand at 53.76% of shares as of Q3 2003.

Return on Assets (YTD, annualized)

0.78%-63 bps YoY

Net Interest Margin (YTD, annualized)

1.02%-64 bps YoY

Efficiency Ratio (YTD, annualized)

23.38%+798 bps YoY

Net Worth / Assets

9.10%-8 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2001Q4 2001Q2 2002Q3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets0.46%0.70%1.42%1.41%4.33%0.74%0.81%0.78%-63 bps
Return on Equity4.97%8.02%15.50%15.32%46.87%8.24%9.17%8.59%-674 bps
Net Interest Margin0.71%0.93%1.66%1.66%4.57%0.99%1.04%1.02%-64 bps
Efficiency Ratio35.96%26.30%14.79%15.39%5.36%25.61%22.41%23.38%+798 bps
Growth
Asset Growth (YoY)13.30%16.54%25.21%25.69%23.10%16.65%11.99%11.65%-1,404 bps
Loan Growth (YoY)5.57%-1.12%-3.71%-2.72%-4.56%-6.09%-4.40%-2.48%+24 bps
Share Growth (YoY)13.74%17.55%26.66%27.09%23.85%16.72%12.06%12.66%-1,443 bps
Asset Quality
Delinquent Loans / Loans0.03%0.10%0.04%0.03%0.03%0.03%0.11%0.08%+5 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.61%0.59%0.56%0.56%0.58%0.60%0.59%0.49%-7 bps
Capital
Risk-Based Capital9.19%8.72%9.15%9.18%9.23%8.93%8.81%9.10%-8 bps
Net Worth / Assets9.19%8.72%9.15%9.18%9.23%8.93%8.81%9.10%-8 bps
Liquidity & Funding
Loans / Shares76.86%66.89%64.81%62.11%59.23%53.82%55.29%53.76%-835 bps
Liquid Assets / Assets25.01%26.33%22.66%20.12%25.88%33.26%30.26%32.56%+1,245 bps