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Northwest Teachers (Vea)

St. Albans, VT · Charter 64881

Q2 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: Q2 2003, the quarter ended June 30, 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 2026-10-10

Northwest Teachers (Vea)

St. Albans, VT · Charter 64881

Q2 2003

$338KAssets
$186KLoans
$307KShares
$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 -2.20%, down 175 bps year over year; NIM at 4.11%.
  • Asset quality: problem loans at 0.46% of loans (-206 bps YoY).
  • Capital: net worth / assets of 8.83%, down 218 bps from a year ago.
  • Funding: loans stand at 60.62% of shares as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

-2.20%-175 bps YoY

Net Interest Margin (YTD, annualized)

4.11%-260 bps YoY

Efficiency Ratio (YTD, annualized)

140.49%+4,252 bps YoY

Net Worth / Assets

8.83%-218 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets-0.45%0.44%-0.63%-3.16%-2.20%-175 bps
Return on Equity-4.10%3.55%-5.01%-28.85%-24.95%-2,085 bps
Net Interest Margin6.71%7.87%7.91%4.85%4.11%-260 bps
Efficiency Ratio97.97%94.73%100.12%139.34%140.49%+4,252 bps
Growth
Asset Growth (YoY)-13.16%-0.63%-22.97%-1.24%10.06%+2,323 bps
Loan Growth (YoY)-15.36%-16.37%-12.94%-41.63%-23.04%-769 bps
Share Growth (YoY)-14.33%-0.69%-24.46%-0.12%12.66%+2,699 bps
Asset Quality
Delinquent Loans / Loans2.52%2.36%1.73%0.65%0.46%-206 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans4.17%1.07%0.89%0.12%0.00%-417 bps
Capital
Risk-Based Capital11.01%12.27%12.55%10.94%8.83%-218 bps
Net Worth / Assets11.01%12.27%12.55%10.94%8.83%-218 bps
Liquidity & Funding
Loans / Shares88.74%78.81%84.29%61.17%60.62%-2,812 bps
Liquid Assets / Assets22.65%29.55%25.02%44.26%43.35%+2,070 bps