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Essex Agricultural

Hathorne, MA · Charter 24601

Q3 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: Q3 2002, the quarter ended September 30, 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 2026-10-10

Essex Agricultural

Hathorne, MA · Charter 24601

Q3 2002

$430KAssets
$125KLoans
$407KShares
$0KNet 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 -15.99%, down 1,605 bps year over year; NIM at 2.76%.
  • Asset quality: problem loans at 4.62% of loans (+177 bps YoY).
  • Capital: net worth / assets of 0.00%, down 1,497 bps from a year ago.
  • Funding: loans stand at 30.74% of shares as of Q3 2002.

Financial Results

Return on Assets (YTD, annualized)

-15.99%-1,605 bps YoY

Net Interest Margin (YTD, annualized)

2.76%-75 bps YoY

Efficiency Ratio (YTD, annualized)

338%+26,138 bps YoY

Net Worth / Assets

0.00%-1,497 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2000Q2 2001Q4 2001Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets0.06%0.79%-0.64%-1.00%-15.99%-1,605 bps
Return on Equity0.40%5.13%-4.87%-8.85%n/an/a
Net Interest Margin3.51%3.25%1.75%2.37%2.76%-75 bps
Efficiency Ratio76.29%76.18%136.07%88.21%338%+26,138 bps
Growth
Asset Growth (YoY)-7.30%-13.94%6.62%11.94%10.94%+1,823 bps
Loan Growth (YoY)-12.31%-38.99%-30.21%-34.31%-26.45%-1,414 bps
Share Growth (YoY)-9.63%-17.64%7.42%15.27%23.58%+3,321 bps
Asset Quality
Delinquent Loans / Loans2.85%5.25%9.67%4.76%4.62%+177 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.58%3.29%3.45%0.31%21.90%+1,932 bps
Capital
Risk-Based Capital14.97%15.34%13.12%11.26%0.00%-1,497 bps
Net Worth / Assets14.97%15.34%13.12%11.26%0.00%-1,497 bps
Liquidity & Funding
Loans / Shares51.65%41.07%35.17%28.96%30.74%-2,091 bps
Liquid Assets / Assets54.59%64.68%69.17%65.46%74.46%+1,987 bps