PackageTrendsPeer
Letter portraitLegal landscape

Davenport Fire Department

Davenport, IA · Charter 61244

Q3 2008

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 2008, the quarter ended September 30, 2008, 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

Davenport Fire Department

Davenport, IA · Charter 61244

Q3 2008

$6.9MAssets
$5.4MLoans
$6.7MShares
$198KNet 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 -4.57%, down 355 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 0.68% of loans (-398 bps YoY).
  • Capital: net worth / assets of 2.88%, down 503 bps from a year ago.
  • Funding: loans stand at 80.64% of shares as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

-4.57%-355 bps YoY

Net Interest Margin (YTD, annualized)

3.10%+18 bps YoY

Efficiency Ratio (YTD, annualized)

135.83%+816 bps YoY

Net Worth / Assets

2.88%-503 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets-1.02%-4.20%-3.15%-6.70%-4.57%-355 bps
Return on Equity-12.85%-77.07%-65.00%-249%-158.68%-14,583 bps
Net Interest Margin2.92%3.13%2.91%3.05%3.10%+18 bps
Efficiency Ratio127.67%189.62%173.09%157.58%135.83%+816 bps
Growth
Asset Growth (YoY)5.16%-3.73%-13.12%-16.60%-22.34%-2,749 bps
Loan Growth (YoY)-2.05%-10.89%-16.00%-18.72%-18.78%-1,673 bps
Share Growth (YoY)4.23%-3.45%-5.02%-11.20%-13.55%-1,778 bps
Asset Quality
Delinquent Loans / Loans4.66%2.02%0.96%0.90%0.68%-398 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.35%0.45%0.23%3.26%3.32%+297 bps
Capital
Risk-Based Capital7.91%5.45%4.84%2.69%2.88%-503 bps
Net Worth / Assets7.91%5.45%4.84%2.69%2.88%-503 bps
Liquidity & Funding
Loans / Shares85.82%84.09%77.09%78.55%80.64%-519 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps