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Chowan

Edenton, NC · Charter 64061

Q1 2003

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: Q1 2003, the quarter ended March 31, 2003, 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

Chowan

Edenton, NC · Charter 64061

Q1 2003

$2.4MAssets
$1.6MLoans
$2.4MShares
$12KNet 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 14.05%, up 1,103 bps year over year; NIM at 3.83%.
  • Asset quality: problem loans at 14.97% of loans (+1,186 bps YoY).
  • Capital: net worth / assets of 0.51%, down 1,062 bps from a year ago.
  • Funding: loans stand at 67.05% of shares as of Q1 2003.

Financial Results

Return on Assets (YTD, annualized)

14.05%+1,103 bps YoY

Net Interest Margin (YTD, annualized)

3.83%+49 bps YoY

Efficiency Ratio (YTD, annualized)

28.59%-3,809 bps YoY

Net Worth / Assets

0.51%-1,062 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2001Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets3.02%-2.71%-18.16%-18.79%14.05%+1,103 bps
Return on Equity27.12%-28.27%n/an/a2746%+271,885 bps
Net Interest Margin3.34%3.02%3.60%3.83%3.83%+49 bps
Efficiency Ratio66.68%170.13%425%424%28.59%-3,809 bps
Growth
Asset Growth (YoY)0.41%-8.34%-14.50%-34.41%-27.58%-2,800 bps
Loan Growth (YoY)-21.69%-27.32%-28.75%-20.94%-19.44%+226 bps
Share Growth (YoY)-0.54%-10.31%-7.45%-25.62%-19.28%-1,874 bps
Asset Quality
Delinquent Loans / Loans3.12%0.42%14.68%17.33%14.97%+1,186 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.09%1.28%5.83%5.97%6.35%+526 bps
Capital
Risk-Based Capital11.13%9.58%-1.34%-3.19%0.51%-1,062 bps
Net Worth / Assets11.13%9.58%-1.34%-3.19%0.51%-1,062 bps
Liquidity & Funding
Loans / Shares67.18%61.70%59.33%72.74%67.05%-13 bps
Liquid Assets / Assets29.38%24.35%24.76%21.81%28.04%-134 bps