PackageTrendsPeer
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Erie Area - Erie Forge Employees

Erie, PA · Charter 4003

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 2026-10-11

Erie Area - Erie Forge Employees

Erie, PA · Charter 4003

Q3 2002

$873KAssets
$526KLoans
$781KShares
$91KNet 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 -10.85%, down 1,149 bps year over year; NIM at 7.32%.
  • Asset quality: problem loans at 26.03% of loans (+1,956 bps YoY).
  • Capital: net worth / assets of 10.45%, down 488 bps from a year ago.
  • Funding: loans stand at 67.33% of shares as of Q3 2002.

Financial Results

Return on Assets (YTD, annualized)

-10.85%-1,149 bps YoY

Net Interest Margin (YTD, annualized)

7.32%+102 bps YoY

Efficiency Ratio (YTD, annualized)

105.33%+1,513 bps YoY

Net Worth / Assets

10.45%-488 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2000Q2 2001Q4 2001Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets0.63%-2.41%-2.83%-7.43%-10.85%-1,149 bps
Return on Equity4.13%-16.06%-18.66%-54.45%-103.81%-10,794 bps
Net Interest Margin6.30%5.94%6.06%7.08%7.32%+102 bps
Efficiency Ratio90.21%106.47%112.59%97.82%105.33%+1,513 bps
Growth
Asset Growth (YoY)-7.97%-17.29%-24.09%-30.39%-30.61%-2,264 bps
Loan Growth (YoY)-26.37%-19.18%-22.17%-37.27%-39.73%-1,337 bps
Share Growth (YoY)-6.79%-19.04%-25.60%-29.39%-25.11%-1,832 bps
Asset Quality
Delinquent Loans / Loans6.47%10.56%29.22%24.42%26.03%+1,956 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.14%3.44%2.61%4.61%11.18%+904 bps
Capital
Risk-Based Capital15.33%15.02%15.16%13.64%10.45%-488 bps
Net Worth / Assets15.33%15.02%15.16%13.64%10.45%-488 bps
Liquidity & Funding
Loans / Shares83.66%90.05%84.70%68.94%67.33%-1,634 bps
Liquid Assets / Assets27.79%23.18%26.69%39.10%41.96%+1,417 bps