PackageTrendsPeer
Letter portraitLegal landscape

Barnes Drill Employees

Rockford, IL · Charter 60303

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

Barnes Drill Employees

Rockford, IL · Charter 60303

Q4 2003

$424KAssets
$124KLoans
$357KShares
$67KNet 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 -2.97%, up 74 bps year over year; NIM at 3.21%.
  • Asset quality: problem loans at 14.65% of loans (-938 bps YoY).
  • Capital: net worth / assets of 15.83%, up 41 bps from a year ago.
  • Funding: loans stand at 34.78% of shares as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

-2.97%+74 bps YoY

Net Interest Margin (YTD, annualized)

3.21%-140 bps YoY

Efficiency Ratio (YTD, annualized)

192.60%+1,208 bps YoY

Net Worth / Assets

15.83%+41 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets-3.71%-1.81%-1.87%-2.11%-2.97%+74 bps
Return on Equity-24.06%-11.34%-11.65%-12.93%-18.76%+529 bps
Net Interest Margin4.61%3.52%3.34%3.27%3.21%-140 bps
Efficiency Ratio180.52%144.50%156.06%156.22%192.60%+1,208 bps
Growth
Asset Growth (YoY)-10.06%-14.59%-16.14%-14.83%-17.99%-792 bps
Loan Growth (YoY)-45.12%-45.47%-35.88%-36.86%-33.25%+1,187 bps
Share Growth (YoY)-8.09%-13.13%-16.99%-15.54%-18.29%-1,020 bps
Asset Quality
Delinquent Loans / Loans24.03%19.96%10.19%15.47%14.65%-938 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.89%3.40%3.94%4.91%5.91%+303 bps
Capital
Risk-Based Capital15.42%15.98%16.07%16.31%15.83%+41 bps
Net Worth / Assets15.42%15.98%16.07%16.31%15.83%+41 bps
Liquidity & Funding
Loans / Shares42.58%40.96%38.46%34.26%34.78%-780 bps
Liquid Assets / Assets63.07%64.73%66.86%70.48%70.21%+714 bps