PackageTrendsPeer
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Quimper

Port Townsend, WA · Charter 68200

Q2 2003

$22.2MAssets
$12.8MLoans
$19.6MShares
$2.4MNet 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 1.61%, up 29 bps year over year; NIM at 4.80%.
  • Asset quality: problem loans at 0.23% of loans (-95 bps YoY).
  • Capital: net worth / assets of 11.01%, up 25 bps from a year ago.
  • Funding: loans stand at 65.31% of shares as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

1.61%+29 bps YoY

Net Interest Margin (YTD, annualized)

4.80%-31 bps YoY

Efficiency Ratio (YTD, annualized)

74.58%+247 bps YoY

Net Worth / Assets

11.01%+25 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets1.33%1.38%1.27%1.49%1.61%+29 bps
Return on Equity12.34%12.73%11.96%14.14%14.66%+232 bps
Net Interest Margin5.11%5.02%4.86%4.72%4.80%-31 bps
Efficiency Ratio72.12%72.39%72.18%73.98%74.58%+247 bps
Growth
Asset Growth (YoY)25.03%24.04%27.14%22.30%12.39%-1,264 bps
Loan Growth (YoY)21.94%20.95%24.94%14.57%7.27%-1,467 bps
Share Growth (YoY)27.13%24.32%28.15%25.50%11.74%-1,539 bps
Asset Quality
Delinquent Loans / Loans1.17%0.85%0.55%0.33%0.23%-95 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.78%0.82%0.79%0.70%0.55%-23 bps
Capital
Risk-Based Capital10.76%10.82%10.60%10.53%11.01%+25 bps
Net Worth / Assets10.76%10.82%10.60%10.53%11.01%+25 bps
Liquidity & Funding
Loans / Shares68.03%66.57%64.15%60.52%65.31%-272 bps
Liquid Assets / Assets20.56%19.30%22.47%20.86%12.79%-777 bps