PackageTrendsPeer
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Armstrong Employees Local 164

Des Moines, IA · Charter 67825

Q4 2002

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 2002, the quarter ended December 31, 2002, 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

Armstrong Employees Local 164

Des Moines, IA · Charter 67825

Q4 2002

$3.3MAssets
$3.1MLoans
$2.9MShares
$295KNet 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 0.45%, up 185 bps year over year; NIM at 7.85%.
  • Asset quality: problem loans at 1.77% of loans (-717 bps YoY).
  • Capital: net worth / assets of 9.02%, up 251 bps from a year ago.
  • Funding: loans stand at 104.93% of shares as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

0.45%+185 bps YoY

Net Interest Margin (YTD, annualized)

7.85%+151 bps YoY

Efficiency Ratio (YTD, annualized)

82.52%-357 bps YoY

Net Worth / Assets

9.02%+251 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets-1.40%-1.61%-0.98%-0.14%0.45%+185 bps
Return on Equity-21.48%-22.91%-13.68%-1.86%5.03%+2,652 bps
Net Interest Margin6.34%6.48%6.99%6.88%7.85%+151 bps
Efficiency Ratio86.09%95.98%87.01%84.09%82.52%-357 bps
Growth
Asset Growth (YoY)-0.56%-10.88%-13.84%-16.47%-24.04%-2,347 bps
Loan Growth (YoY)-18.36%-14.58%-7.19%-3.25%2.61%+2,097 bps
Share Growth (YoY)4.27%-12.03%-13.92%-16.54%-26.65%-3,092 bps
Asset Quality
Delinquent Loans / Loans8.94%9.53%2.26%2.60%1.77%-717 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans4.57%5.39%6.70%5.23%5.43%+86 bps
Capital
Risk-Based Capital6.51%7.03%7.18%7.47%9.02%+251 bps
Net Worth / Assets6.51%7.03%7.18%7.47%9.02%+251 bps
Liquidity & Funding
Loans / Shares75.01%84.58%87.55%88.08%104.93%+2,992 bps
Liquid Assets / Assets29.00%21.05%20.00%18.09%5.77%-2,323 bps