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P.O. Emp C.U. of Pittsburgh Penn.

Pittsburgh, PA · Charter 65213

Q4 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: Q4 2003, the quarter ended December 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

P.O. Emp C.U. of Pittsburgh Penn.

Pittsburgh, PA · Charter 65213

Q4 2003

$5.8MAssets
$3.0MLoans
$5.6MShares
$160KNet 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 -3.31%, up 179 bps year over year; NIM at 4.15%.
  • Asset quality: problem loans at 3.72% of loans (-698 bps YoY).
  • Capital: net worth / assets of 2.77%, down 323 bps from a year ago.
  • Funding: loans stand at 53.91% of shares as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

-3.31%+179 bps YoY

Net Interest Margin (YTD, annualized)

4.15%-224 bps YoY

Efficiency Ratio (YTD, annualized)

117.41%+1,409 bps YoY

Net Worth / Assets

2.77%-323 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets-5.10%-5.99%-3.92%-3.23%-3.31%+179 bps
Return on Equity-85.12%-134.80%-94.01%-94.59%-119.58%-3,447 bps
Net Interest Margin6.39%4.54%4.64%4.23%4.15%-224 bps
Efficiency Ratio103.32%132.32%120.20%110.70%117.41%+1,409 bps
Growth
Asset Growth (YoY)-16.74%-11.79%-10.12%-8.85%-2.46%+1,428 bps
Loan Growth (YoY)-29.05%-31.07%-20.06%-20.60%-15.54%+1,351 bps
Share Growth (YoY)-10.85%-1.35%-11.68%-5.25%1.26%+1,210 bps
Asset Quality
Delinquent Loans / Loans10.69%11.62%8.90%7.22%3.72%-698 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans7.19%8.95%7.32%6.54%4.80%-239 bps
Capital
Risk-Based Capital5.99%4.44%4.16%3.42%2.77%-323 bps
Net Worth / Assets5.99%4.44%4.16%3.42%2.77%-323 bps
Liquidity & Funding
Loans / Shares64.63%55.79%60.54%53.14%53.91%-1,072 bps
Liquid Assets / Assets37.99%47.18%42.45%48.04%45.51%+752 bps