PackageTrendsPeer
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Forum

Davie, FL · Charter 6601

Q1 2004

$4.6MAssets
$1.3MLoans
$3.3MShares
$1.3MNet 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 -2.50%, down 217 bps year over year; NIM at 2.45%.
  • Asset quality: problem loans at 0.17% of loans (-289 bps YoY).
  • Capital: net worth / assets of 28.77%, down 140 bps from a year ago.
  • Funding: loans stand at 38.41% of shares as of Q1 2004.

Financial Results

Return on Assets (quarter, annualized)

-2.50%-217 bps YoY

Net Interest Margin (quarter, annualized)

2.45%-123 bps YoY

Efficiency Ratio (quarter, annualized)

162.50%+5,494 bps YoY

Net Worth / Assets

28.77%-140 bps YoY

Discrete quarter, annualized.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets-0.33%-0.29%-0.31%-0.30%-2.50%-217 bps
Return on Equity-1.09%-0.98%-1.04%-1.02%-8.67%-759 bps
Net Interest Margin3.68%3.54%3.52%3.44%2.45%-123 bps
Efficiency Ratio107.56%106.80%107.17%107.03%162.50%+5,494 bps
Growth
Asset Growth (YoY)-0.59%0.88%1.44%5.16%1.89%+249 bps
Loan Growth (YoY)21.25%13.14%8.55%5.65%1.07%-2,018 bps
Share Growth (YoY)-1.75%0.71%1.65%6.46%4.47%+621 bps
Asset Quality
Delinquent Loans / Loans3.06%3.11%2.40%0.12%0.17%-289 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.14%2.30%2.16%1.89%2.70%+56 bps
Capital
Risk-Based Capital30.18%29.54%29.63%29.24%28.77%-140 bps
Net Worth / Assets30.18%29.54%29.63%29.24%28.77%-140 bps
Liquidity & Funding
Loans / Shares39.70%38.06%41.21%39.14%38.41%-129 bps
Liquid Assets / Assets43.68%47.88%25.33%24.27%31.20%-1,248 bps