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Hennepin Steel Workers

Hennepin, IL · Charter 64910

Q4 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: Q4 2002, the quarter ended December 31, 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 2026-10-11

Hennepin Steel Workers

Hennepin, IL · Charter 64910

Q4 2002

$724KAssets
$549KLoans
$534KShares
$190KNet 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 -7.48%, down 699 bps year over year; NIM at 8.30%.
  • Asset quality: problem loans at 18.08% of loans (+1,770 bps YoY).
  • Capital: net worth / assets of 26.27%, up 837 bps from a year ago.
  • Funding: loans stand at 102.83% of shares as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

-7.48%-699 bps YoY

Net Interest Margin (YTD, annualized)

8.30%+255 bps YoY

Efficiency Ratio (YTD, annualized)

134.07%+2,554 bps YoY

Net Worth / Assets

26.27%+837 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2001Q4 2001Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets-0.50%0.05%-1.74%-1.55%-7.48%-699 bps
Return on Equity-2.78%0.25%-6.55%-5.36%-28.49%-2,571 bps
Net Interest Margin5.75%6.79%6.87%7.34%8.30%+255 bps
Efficiency Ratio108.54%99.25%125.15%119.51%134.07%+2,554 bps
Growth
Asset Growth (YoY)-19.29%-24.99%-39.34%-44.43%-45.20%-2,591 bps
Loan Growth (YoY)-14.56%-18.38%-41.78%-43.06%-41.49%-2,693 bps
Share Growth (YoY)-22.28%-29.96%-46.90%-52.75%-50.64%-2,836 bps
Asset Quality
Delinquent Loans / Loans0.38%0.00%19.12%21.67%18.08%+1,770 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.85%0.64%0.82%0.92%5.41%+457 bps
Capital
Risk-Based Capital17.90%21.58%26.51%28.87%26.27%+837 bps
Net Worth / Assets17.90%21.58%26.51%28.87%26.27%+837 bps
Liquidity & Funding
Loans / Shares86.76%106.08%111.24%111.97%102.83%+1,607 bps
Liquid Assets / Assets1.71%8.87%15.09%13.80%5.43%+372 bps