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B.M.G. Credit Union, Inc. .

Milford, CT · Charter 66166

Q2 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: Q2 2003, the quarter ended June 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

B.M.G. Credit Union, Inc. .

Milford, CT · Charter 66166

Q2 2003

$802KAssets
$112KLoans
$705KShares
$97KNet 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 -28.25%, down 2,716 bps year over year; NIM at -30.86%.
  • Asset quality: problem loans at 7.67% of loans (-651 bps YoY).
  • Capital: net worth / assets of 12.09%, down 445 bps from a year ago.
  • Funding: loans stand at 15.88% of shares as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

-28.25%-2,716 bps YoY

Net Interest Margin (YTD, annualized)

-30.86%-3,391 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

12.09%-445 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets-1.09%-0.80%0.29%20.75%-28.25%-2,716 bps
Return on Equity-6.57%-4.12%1.33%72.83%-234%-22,700 bps
Net Interest Margin3.05%3.81%4.09%3.11%-30.86%-3,391 bps
Efficiency Ratio133.58%120.23%119.99%74.74%n/an/a
Growth
Asset Growth (YoY)-3.32%-14.66%-24.71%-27.45%-33.95%-3,063 bps
Loan Growth (YoY)-43.69%-39.82%-31.50%-33.58%-49.10%-541 bps
Share Growth (YoY)-4.92%-15.41%-27.98%-33.52%-29.72%-2,480 bps
Asset Quality
Delinquent Loans / Loans14.17%16.28%16.78%13.92%7.67%-651 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans30.53%33.93%26.40%0.00%17.86%-1,267 bps
Capital
Risk-Based Capital16.54%19.52%21.78%28.49%12.09%-445 bps
Net Worth / Assets16.54%19.52%21.78%28.49%12.09%-445 bps
Liquidity & Funding
Loans / Shares21.93%24.14%27.29%27.00%15.88%-605 bps
Liquid Assets / Assets84.25%82.72%3.11%75.63%83.99%-26 bps