PackageTrendsPeer
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Dominguez Water Employees

Long Beach, CA · Charter 65679

Q3 2003

$139KAssets
$17KLoans
$93KShares
$40KNet 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 0.30%, down 13 bps year over year; NIM at 1.87%.
  • Asset quality: problem loans at 51.35% of loans (+824 bps YoY).
  • Capital: net worth / assets of 28.85%, up 558 bps from a year ago.
  • Funding: loans stand at 18.01% of shares as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

0.30%-13 bps YoY

Net Interest Margin (YTD, annualized)

1.87%+95 bps YoY

Efficiency Ratio (YTD, annualized)

83.77%+3,147 bps YoY

Net Worth / Assets

28.85%+558 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets0.44%0.48%0.22%0.36%0.30%-13 bps
Return on Equity1.88%1.91%0.78%1.26%1.05%-83 bps
Net Interest Margin0.92%1.22%1.64%1.96%1.87%+95 bps
Efficiency Ratio52.30%60.85%86.66%81.49%83.77%+3,147 bps
Growth
Asset Growth (YoY)-19.29%-19.33%-22.56%-21.73%-18.80%+49 bps
Loan Growth (YoY)-49.07%-49.15%-43.47%-63.67%-72.04%-2,297 bps
Share Growth (YoY)-18.51%-19.88%-25.73%-31.07%-27.89%-938 bps
Asset Quality
Delinquent Loans / Loans43.10%53.09%58.95%65.57%51.35%+824 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans26.09%30.11%33.85%60.43%69.47%+4,337 bps
Capital
Risk-Based Capital23.27%25.11%28.27%28.81%28.85%+558 bps
Net Worth / Assets23.27%25.11%28.27%28.81%28.85%+558 bps
Liquidity & Funding
Loans / Shares46.46%45.77%48.32%26.20%18.01%-2,844 bps
Liquid Assets / Assets73.24%75.48%76.96%91.81%94.33%+2,109 bps