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Financial 21 Community

San Diego, CA · Charter 68345

Q1 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: Q1 2002, the quarter ended March 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

Financial 21 Community

San Diego, CA · Charter 68345

Q1 2002

$149.7MAssets
$77.7MLoans
$136.5MShares
$12.5MNet 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 0.16%, down 80 bps year over year; NIM at 2.48%.
  • Asset quality: problem loans at 0.77% of loans (+41 bps YoY).
  • Capital: net worth / assets of 8.33%, down 127 bps from a year ago.
  • Funding: loans stand at 56.89% of shares as of Q1 2002.

Financial Results

Return on Assets (YTD, annualized)

0.16%-80 bps YoY

Net Interest Margin (YTD, annualized)

2.48%-61 bps YoY

Efficiency Ratio (YTD, annualized)

90.07%+1,414 bps YoY

Net Worth / Assets

8.33%-127 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets0.97%0.76%0.70%0.65%0.16%-80 bps
Return on Equity10.07%8.18%7.74%7.32%1.96%-811 bps
Net Interest Margin3.08%2.95%2.81%2.73%2.48%-61 bps
Efficiency Ratio75.93%80.15%80.44%78.09%90.07%+1,414 bps
Growth
Asset Growth (YoY)30.26%41.22%48.57%48.65%21.85%-841 bps
Loan Growth (YoY)13.76%23.23%18.40%17.73%16.38%+263 bps
Share Growth (YoY)32.84%45.80%54.17%54.98%23.77%-907 bps
Asset Quality
Delinquent Loans / Loans0.35%0.30%0.66%0.77%0.77%+41 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.79%0.60%0.54%0.65%0.69%-10 bps
Capital
Risk-Based Capital9.61%9.32%9.05%8.90%8.33%-127 bps
Net Worth / Assets9.61%9.32%9.05%8.90%8.33%-127 bps
Liquidity & Funding
Loans / Shares60.50%64.98%63.89%62.75%56.89%-361 bps
Liquid Assets / Assets35.69%26.09%25.39%26.26%33.57%-213 bps