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San Francisco Joint Board I.L.G.W.U

San Francisco, CA · Charter 65419

Q3 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: Q3 2003, the quarter ended September 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 2026-10-11

San Francisco Joint Board I.L.G.W.U

San Francisco, CA · Charter 65419

Q3 2003

$117KAssets
$17KLoans
$94KShares
$24KNet 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 0.51%, up 893 bps year over year; NIM at 3.95%.
  • Asset quality: problem loans at 0.00% of loans (-3,045 bps YoY).
  • Capital: net worth / assets of 20.22%, up 389 bps from a year ago.
  • Funding: loans stand at 17.89% of shares as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

0.51%+893 bps YoY

Net Interest Margin (YTD, annualized)

3.95%+167 bps YoY

Efficiency Ratio (YTD, annualized)

85.92%-3,610 bps YoY

Net Worth / Assets

20.22%+389 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets-8.41%-4.78%1.10%0.00%0.51%+893 bps
Return on Equity-51.52%-26.88%6.05%0.01%2.53%+5,405 bps
Net Interest Margin2.29%2.79%3.95%4.02%3.95%+167 bps
Efficiency Ratio122.02%72.56%68.07%84.10%85.92%-3,610 bps
Growth
Asset Growth (YoY)-17.70%-12.82%-15.26%-12.21%-10.01%+769 bps
Loan Growth (YoY)-41.63%-39.52%-18.86%-40.20%-56.76%-1,513 bps
Share Growth (YoY)-14.17%-9.09%-10.23%-11.09%-12.34%+183 bps
Asset Quality
Delinquent Loans / Loans30.45%31.87%41.33%2.10%0.00%-3,045 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans24.36%25.50%27.86%1.69%0.00%-2,436 bps
Capital
Risk-Based Capital16.33%17.78%18.13%19.41%20.22%+389 bps
Net Worth / Assets16.33%17.78%18.13%19.41%20.22%+389 bps
Liquidity & Funding
Loans / Shares36.26%32.98%30.77%21.22%17.89%-1,838 bps
Liquid Assets / Assets74.75%77.09%79.28%79.57%80.89%+614 bps