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Jet

Indianapolis, IN · Charter 95014

Q4 2003

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: 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.

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

Jet

Indianapolis, IN · Charter 95014

Q4 2003

$38.3MAssets
$23.5MLoans
$37.5MShares
$751KNet 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 -8.47%, down 778 bps year over year; NIM at 5.10%.
  • Asset quality: problem loans at 15.62% of loans (+1,286 bps YoY).
  • Capital: net worth / assets of 1.96%, down 870 bps from a year ago.
  • Funding: loans stand at 62.71% of shares as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

-8.47%-778 bps YoY

Net Interest Margin (YTD, annualized)

5.10%-33 bps YoY

Efficiency Ratio (YTD, annualized)

116.44%+2,690 bps YoY

Net Worth / Assets

1.96%-870 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets-0.70%-1.68%0.28%-0.70%-8.47%-778 bps
Return on Equity-6.54%-17.26%3.04%-8.03%-433%-42,605 bps
Net Interest Margin5.43%5.62%4.79%4.77%5.10%-33 bps
Efficiency Ratio89.54%98.06%95.96%110.38%116.44%+2,690 bps
Growth
Asset Growth (YoY)5.12%0.23%7.74%-0.45%-7.91%-1,304 bps
Loan Growth (YoY)34.34%18.26%4.72%-12.08%-24.99%-5,933 bps
Share Growth (YoY)8.33%2.99%12.28%3.59%2.86%-547 bps
Asset Quality
Delinquent Loans / Loans2.76%3.79%4.27%7.11%15.62%+1,286 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.75%2.04%2.84%2.90%13.24%+1,150 bps
Capital
Risk-Based Capital10.66%9.74%9.06%8.72%1.96%-870 bps
Net Worth / Assets10.66%9.74%9.06%8.72%1.96%-870 bps
Liquidity & Funding
Loans / Shares86.00%85.25%69.42%65.31%62.71%-2,329 bps
Liquid Assets / Assets18.02%17.69%34.08%37.75%41.85%+2,383 bps