PackageTrendsPeer
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Postal First

Salt Lake Cy, UT · Charter 67092

Q2 2003

$4.4MAssets
$3.0MLoans
$3.9MShares
$483KNet 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 0.80%, up 23 bps year over year; NIM at 4.52%.
  • Asset quality: problem loans at 0.26% of loans (-204 bps YoY).
  • Capital: net worth / assets of 11.06%, up 48 bps from a year ago.
  • Funding: loans stand at 77.92% of shares as of Q2 2003.

Financial Results

Return on Assets (quarter, annualized)

0.80%+23 bps YoY

Net Interest Margin (quarter, annualized)

4.52%-6 bps YoY

Efficiency Ratio (quarter, annualized)

85.67%+283 bps YoY

Net Worth / Assets

11.06%+48 bps YoY

Discrete quarter, annualized.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets0.56%0.45%0.68%0.00%0.80%+23 bps
Return on Equity5.32%4.40%6.37%0.00%7.20%+188 bps
Net Interest Margin4.58%4.36%4.42%4.26%4.52%-6 bps
Efficiency Ratio82.84%83.54%80.31%87.04%85.67%+283 bps
Growth
Asset Growth (YoY)24.07%29.01%17.61%21.84%3.47%-2,060 bps
Loan Growth (YoY)5.10%-0.16%5.12%-3.32%-4.51%-960 bps
Share Growth (YoY)24.25%31.52%19.07%24.35%3.54%-2,072 bps
Asset Quality
Delinquent Loans / Loans2.30%0.43%0.21%1.15%0.26%-204 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.40%0.35%0.17%0.45%0.80%+40 bps
Capital
Risk-Based Capital10.59%10.33%10.65%10.17%11.06%+48 bps
Net Worth / Assets10.59%10.33%10.65%10.17%11.06%+48 bps
Liquidity & Funding
Loans / Shares84.48%78.64%81.01%72.83%77.92%-656 bps
Liquid Assets / Assets22.97%15.40%18.60%20.41%27.42%+445 bps