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Turtle Lake Community

Turtle Lake, ND · Charter 64619

Q2 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: Q2 2002, the quarter ended June 30, 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 2026-10-10

Turtle Lake Community

Turtle Lake, ND · Charter 64619

Q2 2002

$2.8MAssets
$1.6MLoans
$2.6MShares
$187KNet Worth

Executive Summary

  • Earnings: ROA of -1.59%, down 281 bps year over year; NIM at 2.38%.
  • Asset quality: problem loans at 0.61% of loans (+34 bps YoY).
  • Capital: net worth / assets of 6.69%, down 274 bps from a year ago.
  • Funding: loans stand at 62.42% of shares as of Q2 2002.

Return on Assets (YTD, annualized)

-1.59%-281 bps YoY

Net Interest Margin (YTD, annualized)

2.38%-233 bps YoY

Efficiency Ratio (YTD, annualized)

124.60%+4,855 bps YoY

Net Worth / Assets

6.69%-274 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 1999Q4 1999Q2 2000Q4 2000Q2 2001Q4 2001Q1 2002Q2 2002YoY ΔTrend
Earnings
Return on Assets4.58%1.21%1.24%1.22%1.00%0.39%-2.45%-1.59%-281 bps
Return on Equityn/an/an/a12.96%12.14%5.72%-36.17%-23.71%-3,667 bps
Net Interest Marginn/a4.76%4.62%4.71%3.72%2.86%2.32%2.38%-233 bps
Efficiency Ration/a79.79%77.87%76.05%79.76%89.69%127.61%124.60%+4,855 bps
Growth
Asset Growth (YoY)19.85%17.05%26.78%20.91%52.53%68.93%36.17%30.80%+989 bps
Loan Growth (YoY)13.99%7.07%23.01%35.27%34.27%19.90%-11.42%-18.42%-5,368 bps
Share Growth (YoY)17.33%15.81%26.11%19.93%54.69%74.12%39.75%35.14%+1,520 bps
Asset Quality
Delinquent Loans / Loans0.78%1.46%2.16%0.28%3.17%1.46%1.08%0.61%+34 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.81%0.81%0.66%0.65%0.65%0.56%1.28%1.15%+50 bps
Capital
Risk-Based Capitaln/an/an/a9.43%8.22%6.85%6.77%6.69%-274 bps
Net Worth / Assetsn/an/an/a9.43%8.22%6.85%6.77%6.69%-274 bps
Liquidity & Funding
Loans / Shares97.40%92.46%99.13%103.39%84.55%63.67%62.84%62.42%-4,097 bps
Liquid Assets / Assets6.68%10.98%4.96%1.91%19.03%37.38%38.13%38.63%+3,672 bps