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Carbide Seadrift

Port Lavaca, TX · Charter 9794

Q3 2004

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: Q3 2004, the quarter ended September 30, 2004, 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

Carbide Seadrift

Port Lavaca, TX · Charter 9794

Q3 2004

$73.1MAssets
$57.1MLoans
$65.2MShares
$5.5MNet 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 -0.87%, down 148 bps year over year; NIM at 2.14%.
  • Asset quality: problem loans at 0.46% of loans (-8 bps YoY).
  • Capital: net worth / assets of 7.53%, down 102 bps from a year ago.
  • Funding: loans stand at 87.67% of shares as of Q3 2004.

Financial Results

Return on Assets (YTD, annualized)

-0.87%-148 bps YoY

Net Interest Margin (YTD, annualized)

2.14%-113 bps YoY

Efficiency Ratio (YTD, annualized)

102.85%+2,165 bps YoY

Net Worth / Assets

7.53%-102 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets0.62%0.57%0.34%0.46%-0.87%-148 bps
Return on Equity7.21%6.75%4.19%5.66%-11.50%-1,871 bps
Net Interest Margin3.27%3.22%2.76%2.74%2.14%-113 bps
Efficiency Ratio81.20%81.80%82.62%80.46%102.85%+2,165 bps
Growth
Asset Growth (YoY)17.59%17.83%13.21%13.84%9.13%-846 bps
Loan Growth (YoY)2.53%2.38%3.99%23.97%31.00%+2,847 bps
Share Growth (YoY)18.53%18.89%12.66%13.23%6.97%-1,156 bps
Asset Quality
Delinquent Loans / Loans0.54%0.82%0.81%0.46%0.46%-8 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.15%0.18%0.23%0.17%0.49%+34 bps
Capital
Risk-Based Capital8.55%8.49%8.19%8.13%7.53%-102 bps
Net Worth / Assets8.55%8.49%8.19%8.13%7.53%-102 bps
Liquidity & Funding
Loans / Shares71.59%69.10%66.24%78.93%87.67%+1,608 bps
Liquid Assets / Assets11.90%12.70%11.24%9.40%5.86%-604 bps