Spokane, WA · Charter 68221
Q4 2003
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2003, the quarter ended December 31, 2003, 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.
Spokane, WA · Charter 68221
Q4 2003
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 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 1.03% | 0.50% | 0.51% | 0.38% | 0.16% | -88 bps | |
| Return on Equity | 5.53% | 2.76% | 2.79% | 2.05% | 0.88% | -465 bps | |
| Net Interest Margin | 5.07% | 4.78% | 4.49% | 4.40% | 4.21% | -86 bps | |
| Efficiency Ratio | 75.55% | 81.63% | 83.20% | 86.08% | 90.30% | +1,475 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 1.61% | 0.25% | 1.38% | 1.99% | 4.82% | +321 bps | |
| Loan Growth (YoY) | -21.38% | -20.83% | -17.95% | -23.78% | -27.41% | -603 bps | |
| Share Growth (YoY) | 0.98% | -1.18% | 0.67% | 1.73% | 5.71% | +473 bps | |
| Asset Quality | |||||||
| Delinquent Loans / Loans | 0.82% | 0.52% | 1.48% | 0.74% | 2.10% | +129 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 1.31% | 1.37% | 1.56% | 1.48% | 1.68% | +37 bps | |
| Capital | |||||||
| Risk-Based Capital | 18.70% | 18.25% | 18.10% | 18.37% | 18.00% | -70 bps | |
| Net Worth / Assets | 18.70% | 18.25% | 18.10% | 18.37% | 18.00% | -70 bps | |
| Liquidity & Funding | |||||||
| Loans / Shares | 62.28% | 54.59% | 50.28% | 46.52% | 42.76% | -1,951 bps | |
| Liquid Assets / Assets | 14.46% | 21.08% | 19.34% | 18.00% | 17.61% | +315 bps | |