PackageTrendsPeer
Letter portraitLegal landscape

RWC Employees

Bay City, MI · Charter 62283

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

RWC Employees

Bay City, MI · Charter 62283

Q3 2002

$1.0MAssets
$498KLoans
$867KShares
$161KNet 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 -0.08%, down 40 bps year over year; NIM at 4.47%.
  • Asset quality: problem loans at 3.23% of loans (+208 bps YoY).
  • Capital: net worth / assets of 15.64%, down 934 bps from a year ago.
  • Funding: loans stand at 57.47% of shares as of Q3 2002.

Financial Results

Return on Assets (YTD, annualized)

-0.08%-40 bps YoY

Net Interest Margin (YTD, annualized)

4.47%-171 bps YoY

Efficiency Ratio (YTD, annualized)

101.78%+683 bps YoY

Net Worth / Assets

15.64%-934 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2000Q2 2001Q4 2001Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets0.32%-0.31%-0.31%0.02%-0.08%-40 bps
Return on Equity1.27%-1.32%-1.30%0.08%-0.51%-178 bps
Net Interest Margin6.18%5.40%5.13%4.09%4.47%-171 bps
Efficiency Ratio94.95%105.72%106.04%99.55%101.78%+683 bps
Growth
Asset Growth (YoY)-12.07%-7.85%-0.24%2.06%1.84%+1,391 bps
Loan Growth (YoY)22.43%1.57%-16.81%-34.61%-39.79%-6,222 bps
Share Growth (YoY)-16.11%-10.42%-0.17%3.18%15.97%+3,209 bps
Asset Quality
Delinquent Loans / Loans1.15%0.50%0.81%6.53%3.23%+208 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans3.13%3.49%4.72%5.04%5.11%+198 bps
Capital
Risk-Based Capital24.98%23.74%24.18%23.06%15.64%-934 bps
Net Worth / Assets24.98%23.74%24.18%23.06%15.64%-934 bps
Liquidity & Funding
Loans / Shares110.70%93.37%86.75%67.23%57.47%-5,322 bps
Liquid Assets / Assets18.37%29.20%36.01%49.27%52.37%+3,400 bps