Seattle, WA · Charter 68015
Q1 2004
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2004, the quarter ended March 31, 2004, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Seattle, WA · Charter 68015
Q1 2004
NIM decomposition not available for credit unions
Non-interest trend not available for credit unions
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | Q1 2004 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.74% | 0.70% | 0.54% | 0.48% | 0.46% | -27 bps | |
| Return on Equity | 6.64% | 6.37% | 5.11% | 4.64% | 4.51% | -213 bps | |
| Net Interest Margin | 5.51% | 5.36% | 5.00% | 4.91% | 4.74% | -77 bps | |
| Efficiency Ratio | 74.12% | 73.83% | 75.24% | 75.79% | 74.86% | +74 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 0.45% | -0.21% | 6.25% | 10.79% | 13.04% | +1,259 bps | |
| Loan Growth (YoY) | 8.76% | 7.69% | 9.89% | 6.78% | 4.62% | -414 bps | |
| Share Growth (YoY) | -1.25% | -1.11% | 6.61% | 9.80% | 13.05% | +1,430 bps | |
| Asset Quality | |||||||
| Delinquent Loans / Loans | 2.02% | 1.84% | 1.51% | 1.42% | 1.28% | -74 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 1.61% | 1.65% | 1.63% | 1.66% | 1.72% | +11 bps | |
| Capital | |||||||
| Risk-Based Capital | 11.09% | 11.04% | 10.50% | 10.39% | 10.23% | -86 bps | |
| Net Worth / Assets | 11.09% | 11.04% | 10.50% | 10.39% | 10.23% | -86 bps | |
| Liquidity & Funding | |||||||
| Loans / Shares | 101.59% | 97.92% | 97.69% | 97.76% | 94.01% | -758 bps | |
| Liquid Assets / Assets | 5.90% | 7.86% | 8.10% | 6.02% | 9.30% | +340 bps | |