PackageTrendsPeer
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Kansas Farm Bureau Employees

Manhattan, KS · Charter 63208

Q3 2003

$3.9MAssets
$1.7MLoans
$3.3MShares
$583KNet 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 0.98%, down 10 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.85% of loans (+70 bps YoY).
  • Capital: net worth / assets of 14.89%, up 185 bps from a year ago.
  • Funding: loans stand at 50.51% of shares as of Q3 2003.

Financial Results

Return on Assets (quarter, annualized)

0.98%-10 bps YoY

Net Interest Margin (quarter, annualized)

3.65%+24 bps YoY

Efficiency Ratio (quarter, annualized)

73.07%+281 bps YoY

Net Worth / Assets

14.89%+185 bps YoY

Discrete quarter, annualized.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets1.07%1.14%0.67%0.81%0.98%-10 bps
Return on Equity8.21%8.35%4.93%5.92%6.55%-167 bps
Net Interest Margin3.41%3.50%3.27%3.53%3.65%+24 bps
Efficiency Ratio70.27%71.55%77.79%78.49%73.07%+281 bps
Growth
Asset Growth (YoY)29.41%13.68%9.66%5.02%-5.73%-3,514 bps
Loan Growth (YoY)-13.23%-22.22%-23.33%-24.33%-22.30%-907 bps
Share Growth (YoY)32.68%14.64%9.42%4.74%-7.63%-4,030 bps
Asset Quality
Delinquent Loans / Loans0.15%0.81%2.38%2.89%0.85%+70 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.71%0.82%0.95%0.56%0.62%-9 bps
Capital
Risk-Based Capital13.04%13.67%13.66%13.75%14.89%+185 bps
Net Worth / Assets13.04%13.67%13.66%13.75%14.89%+185 bps
Liquidity & Funding
Loans / Shares60.05%57.95%53.40%49.73%50.51%-954 bps
Liquid Assets / Assets21.54%48.29%24.23%31.87%29.10%+756 bps