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Philadelphia-South Jersey/U.N.I.T.E

Philadelphia, PA · Charter 4455

Q1 2004

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: Q1 2004, the quarter ended March 31, 2004, 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

Philadelphia-South Jersey/U.N.I.T.E

Philadelphia, PA · Charter 4455

Q1 2004

$954KAssets
$65KLoans
$817KShares
$136KNet 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 -9.75%, down 846 bps year over year; NIM at -6.35%.
  • Asset quality: problem loans at 2.05% of loans (-509 bps YoY).
  • Capital: net worth / assets of 14.29%, down 188 bps from a year ago.
  • Funding: loans stand at 7.97% of shares as of Q1 2004.

Financial Results

Return on Assets (YTD, annualized)

-9.75%-846 bps YoY

Net Interest Margin (YTD, annualized)

-6.35%-833 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

14.29%-188 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets-1.30%-1.12%-0.94%-0.97%-9.75%-846 bps
Return on Equity-8.02%-6.82%-5.38%-5.82%-68.25%-6,023 bps
Net Interest Margin1.98%2.26%2.30%2.41%-6.35%-833 bps
Efficiency Ratio164.68%143.71%136.97%137.32%n/an/a
Growth
Asset Growth (YoY)0.08%-10.27%-11.91%-8.01%-6.81%-689 bps
Loan Growth (YoY)-20.01%-26.05%-23.25%-34.92%-37.11%-1,710 bps
Share Growth (YoY)1.40%-11.49%-13.56%-8.58%-4.73%-613 bps
Asset Quality
Delinquent Loans / Loans7.14%6.11%2.32%7.39%2.05%-509 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.76%3.22%3.04%3.39%4.03%+127 bps
Capital
Risk-Based Capital16.17%16.44%17.42%16.65%14.29%-188 bps
Net Worth / Assets16.17%16.44%17.42%16.65%14.29%-188 bps
Liquidity & Funding
Loans / Shares12.08%9.84%11.25%9.69%7.97%-411 bps
Liquid Assets / Assets86.69%40.22%42.11%50.65%51.36%-3,533 bps