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Priority One

Dallas, TX · Charter 67610

Q3 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: Q3 2004, the quarter ended September 30, 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 2026-10-10

Priority One

Dallas, TX · Charter 67610

Q3 2004

$10.4MAssets
$4.7MLoans
$7.6MShares
$2.8MNet 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 -1.74%, down 109 bps year over year; NIM at 3.99%.
  • Asset quality: problem loans at 0.55% of loans (-56 bps YoY).
  • Capital: net worth / assets of 27.09%, up 257 bps from a year ago.
  • Funding: loans stand at 62.13% of shares as of Q3 2004.

Financial Results

Return on Assets (YTD, annualized)

-1.74%-109 bps YoY

Net Interest Margin (YTD, annualized)

3.99%-30 bps YoY

Efficiency Ratio (YTD, annualized)

129.49%+3,158 bps YoY

Net Worth / Assets

27.09%+257 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets-0.65%-0.61%-0.75%-1.28%-1.74%-109 bps
Return on Equity-2.66%-2.41%-2.90%-4.89%-6.43%-377 bps
Net Interest Margin4.30%4.32%3.85%3.83%3.99%-30 bps
Efficiency Ratio97.90%100.22%112.58%118.89%129.49%+3,158 bps
Growth
Asset Growth (YoY)-21.23%-12.13%-11.47%-10.59%-14.02%+721 bps
Loan Growth (YoY)-32.77%-29.97%-26.61%-25.76%-21.01%+1,177 bps
Share Growth (YoY)-20.75%-15.00%-14.51%-12.89%-16.94%+380 bps
Asset Quality
Delinquent Loans / Loans1.11%0.84%0.68%0.73%0.55%-56 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.75%0.64%0.66%0.77%0.64%-11 bps
Capital
Risk-Based Capital24.51%25.43%25.82%26.12%27.09%+257 bps
Net Worth / Assets24.51%25.43%25.82%26.12%27.09%+257 bps
Liquidity & Funding
Loans / Shares65.32%63.01%60.15%58.05%62.13%-320 bps
Liquid Assets / Assets47.65%49.75%39.68%43.26%40.84%-681 bps