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W. F. B. Employees

Madison, WI · Charter 66483

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

W. F. B. Employees

Madison, WI · Charter 66483

Q3 2003

$503KAssets
$182KLoans
$437KShares
$54KNet 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 -15.25%, down 1,485 bps year over year; NIM at -7.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 10.68%, down 1,133 bps from a year ago.
  • Funding: loans stand at 41.70% of shares as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

-15.25%-1,485 bps YoY

Net Interest Margin (YTD, annualized)

-7.33%-1,119 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

10.68%-1,133 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets-0.40%-0.27%0.30%-0.51%-15.25%-1,485 bps
Return on Equity-1.84%-1.09%1.24%-2.25%-142.74%-14,091 bps
Net Interest Margin3.86%4.34%3.67%3.33%-7.33%-1,119 bps
Efficiency Ratio110.47%106.25%91.92%115.35%n/an/a
Growth
Asset Growth (YoY)20.09%-1.30%11.73%3.03%-0.19%-2,029 bps
Loan Growth (YoY)-26.63%-24.07%-24.77%-10.15%-13.49%+1,314 bps
Share Growth (YoY)28.79%-0.77%16.47%4.34%11.25%-1,754 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.98%0.99%1.10%0.98%1.13%+15 bps
Capital
Risk-Based Capital22.01%24.86%23.93%22.73%10.68%-1,133 bps
Net Worth / Assets22.01%24.86%23.93%22.73%10.68%-1,133 bps
Liquidity & Funding
Loans / Shares53.63%62.20%53.01%56.86%41.70%-1,193 bps
Liquid Assets / Assets56.26%45.04%58.39%54.64%62.52%+626 bps