PackageTrendsPeer
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City Employees

W. Palm Beach, FL · Charter 67302

Q4 2004

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: Q4 2004, the quarter ended December 31, 2004, 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

City Employees

W. Palm Beach, FL · Charter 67302

Q4 2004

$5.7MAssets
$4.3MLoans
$5.1MShares
$534KNet 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 -3.21%, down 310 bps year over year; NIM at 3.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 9.45%, down 283 bps from a year ago.
  • Funding: loans stand at 83.35% of shares as of Q4 2004.

Financial Results

Return on Assets (YTD, annualized)

-3.21%-310 bps YoY

Net Interest Margin (YTD, annualized)

3.94%+27 bps YoY

Efficiency Ratio (YTD, annualized)

163.87%+6,123 bps YoY

Net Worth / Assets

9.45%-283 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets-0.11%0.15%0.10%0.11%-3.21%-310 bps
Return on Equity-0.92%1.26%0.85%0.95%-34.02%-3,310 bps
Net Interest Margin3.67%3.67%3.73%3.53%3.94%+27 bps
Efficiency Ratio102.64%100.14%99.25%98.69%163.87%+6,123 bps
Growth
Asset Growth (YoY)11.56%4.68%-1.57%8.63%-3.06%-1,461 bps
Loan Growth (YoY)40.95%51.22%57.97%24.54%26.13%-1,482 bps
Share Growth (YoY)13.86%5.59%-1.79%10.17%0.27%-1,359 bps
Asset Quality
Delinquent Loans / Loans0.00%0.01%0.01%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.17%0.08%0.09%0.09%0.08%-9 bps
Capital
Risk-Based Capital12.28%11.92%11.92%11.36%9.45%-283 bps
Net Worth / Assets12.28%11.92%11.92%11.36%9.45%-283 bps
Liquidity & Funding
Loans / Shares66.27%82.46%82.31%70.44%83.35%+1,709 bps
Liquid Assets / Assets38.76%24.39%24.63%32.00%21.88%-1,688 bps