PackageTrendsPeer
Letter portraitLegal landscape

Fenn Mfg Employees

Newington, CT · Charter 5528

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

Fenn Mfg Employees

Newington, CT · Charter 5528

Q4 2003

$445KAssets
$119KLoans
$337KShares
$106KNet 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 -2.04%, down 84 bps year over year; NIM at 4.23%.
  • Asset quality: problem loans at 4.04% of loans (-2,229 bps YoY).
  • Capital: net worth / assets of 23.94%, up 40 bps from a year ago.
  • Funding: loans stand at 35.40% of shares as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

-2.04%-84 bps YoY

Net Interest Margin (YTD, annualized)

4.23%-51 bps YoY

Efficiency Ratio (YTD, annualized)

148.03%+3,097 bps YoY

Net Worth / Assets

23.94%+40 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets-1.19%-1.30%0.00%-0.38%-2.04%-84 bps
Return on Equity-5.07%-5.86%0.00%-1.68%-8.50%-343 bps
Net Interest Margin4.75%3.31%4.95%4.02%4.23%-51 bps
Efficiency Ratio117.06%139.12%100.00%109.46%148.03%+3,097 bps
Growth
Asset Growth (YoY)-33.92%-33.27%-42.24%-25.97%-9.36%+2,457 bps
Loan Growth (YoY)-29.36%-43.09%-47.36%-43.23%-47.00%-1,764 bps
Share Growth (YoY)-39.52%-38.36%-49.22%-30.57%-9.78%+2,975 bps
Asset Quality
Delinquent Loans / Loans26.33%31.99%5.42%5.45%4.04%-2,229 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans4.00%4.90%6.26%6.51%7.27%+327 bps
Capital
Risk-Based Capital23.55%22.12%25.39%22.63%23.94%+40 bps
Net Worth / Assets23.55%22.12%25.39%22.63%23.94%+40 bps
Liquidity & Funding
Loans / Shares60.27%46.08%42.55%35.60%35.40%-2,487 bps
Liquid Assets / Assets20.28%42.76%43.60%61.26%51.40%+3,112 bps