Springfield, VT · Charter 64024
Q4 2004
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2004, the quarter ended December 31, 2004, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Springfield, VT · Charter 64024
Q4 2004
NIM decomposition not available for credit unions
Non-interest trend not available for credit unions
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q4 2003 | Q1 2004 | Q2 2004 | Q3 2004 | Q4 2004 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 1.08% | 1.25% | 1.56% | 1.52% | 1.37% | +28 bps | |
| Return on Equity | 12.25% | 14.25% | 17.05% | 15.79% | 14.23% | +198 bps | |
| Net Interest Margin | 4.36% | 4.73% | 4.91% | 5.05% | 4.90% | +54 bps | |
| Efficiency Ratio | 77.71% | 74.83% | 68.84% | 69.24% | 70.77% | -694 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 22.93% | 19.45% | 15.90% | 8.05% | 7.38% | -1,556 bps | |
| Loan Growth (YoY) | 32.36% | 32.95% | 20.78% | 14.68% | 12.51% | -1,985 bps | |
| Share Growth (YoY) | 23.85% | 19.78% | 15.62% | 6.98% | 6.40% | -1,745 bps | |
| Asset Quality | |||||||
| Delinquent Loans / Loans | 2.26% | 1.71% | 1.41% | 1.53% | 1.41% | -84 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 0.32% | 0.33% | 0.34% | 0.26% | 0.32% | -1 bps | |
| Capital | |||||||
| Risk-Based Capital | 8.85% | 8.78% | 9.17% | 9.64% | 9.61% | +76 bps | |
| Net Worth / Assets | 8.85% | 8.78% | 9.17% | 9.64% | 9.61% | +76 bps | |
| Liquidity & Funding | |||||||
| Loans / Shares | 85.12% | 84.23% | 88.61% | 91.01% | 90.01% | +489 bps | |
| Liquid Assets / Assets | 12.21% | 12.96% | 4.72% | 5.77% | 7.91% | -430 bps | |