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Norlarco

Fort Collins, CO · Charter 65118

Q4 2007

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 2007, the quarter ended December 31, 2007, 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

Norlarco

Fort Collins, CO · Charter 65118

Q4 2007

$287.2MAssets
$254.1MLoans
$230.6MShares
$20.5MNet 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 -4.56%, down 534 bps year over year; NIM at 3.20%.
  • Asset quality: problem loans at 25.33% of loans (+2,451 bps YoY).
  • Capital: net worth / assets of 7.12%, down 237 bps from a year ago.
  • Funding: loans stand at 110.21% of shares as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

-4.56%-534 bps YoY

Net Interest Margin (YTD, annualized)

3.20%-16 bps YoY

Efficiency Ratio (YTD, annualized)

96.22%+2,501 bps YoY

Net Worth / Assets

7.12%-237 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets0.78%-3.40%-3.09%-3.62%-4.56%-534 bps
Return on Equity8.18%-39.39%-36.43%-43.88%-64.00%-7,218 bps
Net Interest Margin3.36%2.74%2.77%3.17%3.20%-16 bps
Efficiency Ratio71.21%83.13%88.17%91.21%96.22%+2,501 bps
Growth
Asset Growth (YoY)-6.12%-4.81%-9.20%-13.52%-18.75%-1,263 bps
Loan Growth (YoY)11.69%-7.40%-10.66%-6.45%-10.73%-2,242 bps
Share Growth (YoY)1.65%-0.45%-1.74%-21.91%-27.60%-2,925 bps
Asset Quality
Delinquent Loans / Loans0.83%2.14%20.66%25.14%25.33%+2,451 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.73%1.74%2.45%3.60%5.11%+438 bps
Capital
Risk-Based Capital9.49%8.63%8.49%8.25%7.12%-237 bps
Net Worth / Assets9.49%8.63%8.49%8.25%7.12%-237 bps
Liquidity & Funding
Loans / Shares89.38%87.10%88.90%106.67%110.21%+2,083 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps