PackageTrendsPeer
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Four Rivers

Turners Falls, MA · Charter 9221

Q3 2005

$15.0MAssets
$11.5MLoans
$13.8MShares
$1.1MNet 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 0.40%, down 2 bps year over year; NIM at 4.35%.
  • Asset quality: problem loans at 0.47% of loans (+17 bps YoY).
  • Capital: net worth / assets of 7.46%, up 59 bps from a year ago.
  • Funding: loans stand at 82.88% of shares as of Q3 2005.

Financial Results

Return on Assets (YTD, annualized)

0.40%-2 bps YoY

Net Interest Margin (YTD, annualized)

4.35%+56 bps YoY

Efficiency Ratio (YTD, annualized)

90.60%+143 bps YoY

Net Worth / Assets

7.46%+59 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.42%0.58%0.23%0.32%0.40%-2 bps
Return on Equity6.12%8.27%3.12%4.40%5.35%-76 bps
Net Interest Margin3.79%3.91%4.12%4.16%4.35%+56 bps
Efficiency Ratio89.17%88.79%93.58%91.57%90.60%+143 bps
Growth
Asset Growth (YoY)11.16%13.21%1.92%3.69%-0.44%-1,160 bps
Loan Growth (YoY)27.42%27.63%20.22%13.85%11.95%-1,546 bps
Share Growth (YoY)11.70%13.65%1.42%3.20%-1.30%-1,300 bps
Asset Quality
Delinquent Loans / Loans0.30%0.61%0.56%0.55%0.47%+17 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.44%0.49%0.35%0.32%0.32%-12 bps
Capital
Risk-Based Capital6.87%7.02%7.24%7.21%7.46%+59 bps
Net Worth / Assets6.87%7.02%7.24%7.21%7.46%+59 bps
Liquidity & Funding
Loans / Shares73.06%74.51%75.25%79.00%82.88%+982 bps
Liquid Assets / Assets25.48%23.18%21.77%18.63%16.01%-947 bps