Norfolk, VA · Charter 7965
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.
Norfolk, VA · Charter 7965
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 | 1.63% | 2.04% | 1.85% | 1.75% | 3.48% | +185 bps | |
| Return on Equity | 13.48% | 17.33% | 15.08% | 14.05% | 24.19% | +1,071 bps | |
| Net Interest Margin | 5.76% | 5.60% | 4.00% | 3.87% | 3.75% | -201 bps | |
| Efficiency Ratio | 75.15% | 68.52% | 68.69% | 69.62% | 53.64% | -2,151 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 14.52% | 15.27% | 12.29% | 11.97% | 10.96% | -356 bps | |
| Loan Growth (YoY) | 15.46% | 3.48% | -4.33% | -8.48% | -8.60% | -2,406 bps | |
| Share Growth (YoY) | 13.56% | 14.34% | 11.80% | 9.69% | 8.48% | -508 bps | |
| Asset Quality | |||||||
| Delinquent Loans / Loans | 0.61% | 0.74% | 0.62% | 0.68% | 0.84% | +23 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 1.12% | 1.20% | 1.26% | 1.24% | 2.01% | +88 bps | |
| Capital | |||||||
| Risk-Based Capital | 12.10% | 11.79% | 12.28% | 12.43% | 14.39% | +228 bps | |
| Net Worth / Assets | 12.10% | 11.79% | 12.28% | 12.43% | 14.39% | +228 bps | |
| Liquidity & Funding | |||||||
| Loans / Shares | 68.83% | 60.66% | 59.52% | 60.57% | 57.99% | -1,084 bps | |
| Liquid Assets / Assets | 30.85% | 37.43% | 33.24% | 33.91% | 23.94% | -691 bps | |