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Compact

Kings Mountain, NC · Charter 63485

Q3 2004

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 2004, the quarter ended September 30, 2004, 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

Compact

Kings Mountain, NC · Charter 63485

Q3 2004

$141KAssets
$63KLoans
$111KShares
$30KNet 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 -0.82%, down 39 bps year over year; NIM at 4.49%.
  • Asset quality: problem loans at 3.44% of loans (-564 bps YoY).
  • Capital: net worth / assets of 21.33%, up 57 bps from a year ago.
  • Funding: loans stand at 57.32% of shares as of Q3 2004.

Financial Results

Return on Assets (YTD, annualized)

-0.82%-39 bps YoY

Net Interest Margin (YTD, annualized)

4.49%-20 bps YoY

Efficiency Ratio (YTD, annualized)

118.33%+903 bps YoY

Net Worth / Assets

21.33%+57 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets-0.44%-0.97%-4.75%-1.91%-0.82%-39 bps
Return on Equity-2.10%-4.59%-22.63%-9.50%-3.86%-176 bps
Net Interest Margin4.68%4.13%20.93%3.55%4.49%-20 bps
Efficiency Ratio109.29%123.57%122.67%153.88%118.33%+903 bps
Growth
Asset Growth (YoY)-21.41%-26.68%-23.23%-20.46%-8.29%+1,312 bps
Loan Growth (YoY)-32.22%-25.08%-0.19%6.13%16.17%+4,839 bps
Share Growth (YoY)-25.94%-31.01%-27.07%-23.11%-8.95%+1,699 bps
Asset Quality
Delinquent Loans / Loans9.09%6.58%1.82%2.98%3.44%-564 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans8.20%8.83%3.74%3.77%3.76%-443 bps
Capital
Risk-Based Capital20.76%21.20%20.97%20.11%21.33%+57 bps
Net Worth / Assets20.76%21.20%20.97%20.11%21.33%+57 bps
Liquidity & Funding
Loans / Shares44.93%44.12%55.44%54.08%57.32%+1,240 bps
Liquid Assets / Assets19.44%17.27%55.13%8.05%54.32%+3,488 bps