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Grand Shore

Grand Haven, MI · Charter 63475

Q4 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: Q4 2002, the quarter ended December 31, 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

Grand Shore

Grand Haven, MI · Charter 63475

Q4 2002

$4.1MAssets
$2.0MLoans
$3.8MShares
$339KNet 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 -2.06%, down 187 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 5.43% of loans (+427 bps YoY).
  • Capital: net worth / assets of 8.18%, down 121 bps from a year ago.
  • Funding: loans stand at 51.85% of shares as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

-2.06%-187 bps YoY

Net Interest Margin (YTD, annualized)

3.36%-92 bps YoY

Efficiency Ratio (YTD, annualized)

123.76%+3,361 bps YoY

Net Worth / Assets

8.18%-121 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2001Q4 2001Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets-0.19%-0.57%-1.10%-0.73%-2.06%-187 bps
Return on Equity-2.03%-6.06%-14.32%-8.57%-25.21%-2,318 bps
Net Interest Margin4.28%4.21%2.51%2.91%3.36%-92 bps
Efficiency Ratio90.15%94.60%108.83%103.57%123.76%+3,361 bps
Growth
Asset Growth (YoY)7.79%11.17%22.08%17.52%-12.74%-2,053 bps
Loan Growth (YoY)14.24%5.18%-15.03%-24.79%-29.45%-4,369 bps
Share Growth (YoY)8.51%12.60%22.59%21.32%-11.05%-1,956 bps
Asset Quality
Delinquent Loans / Loans1.16%0.67%1.83%2.81%5.43%+427 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.76%1.12%2.19%2.00%2.99%+223 bps
Capital
Risk-Based Capital9.39%9.32%7.71%8.47%8.18%-121 bps
Net Worth / Assets9.39%9.32%7.71%8.47%8.18%-121 bps
Liquidity & Funding
Loans / Shares65.38%61.20%45.47%49.22%51.85%-1,352 bps
Liquid Assets / Assets34.09%38.89%49.80%48.03%45.80%+1,171 bps