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Memphis Nitrogen

Millington, TN · Charter 9993

Q3 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: Q3 2003, the quarter ended September 30, 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

Memphis Nitrogen

Millington, TN · Charter 9993

Q3 2003

$2.3MAssets
$1.1MLoans
$2.1MShares
$210KNet 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 -11.61%, down 1,158 bps year over year; NIM at -1.54%.
  • Asset quality: problem loans at 1.47% of loans (+84 bps YoY).
  • Capital: net worth / assets of 9.07%, down 731 bps from a year ago.
  • Funding: loans stand at 51.58% of shares as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

-11.61%-1,158 bps YoY

Net Interest Margin (YTD, annualized)

-1.54%-514 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

9.07%-731 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets-0.03%-0.20%-0.54%-0.52%-11.61%-1,158 bps
Return on Equity-0.18%-1.23%-3.38%-3.09%-127.94%-12,777 bps
Net Interest Margin3.59%3.64%3.73%3.85%-1.54%-514 bps
Efficiency Ratio99.03%100.83%101.75%100.52%n/an/a
Growth
Asset Growth (YoY)2.36%4.20%4.02%-2.89%-8.87%-1,123 bps
Loan Growth (YoY)-17.27%-5.18%-11.76%-15.70%-24.16%-689 bps
Share Growth (YoY)4.48%6.27%6.32%-2.52%-0.85%-534 bps
Asset Quality
Delinquent Loans / Loans0.63%1.75%0.67%0.74%1.47%+84 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.47%0.67%0.41%0.70%7.17%+670 bps
Capital
Risk-Based Capital16.38%16.34%15.86%16.66%9.07%-731 bps
Net Worth / Assets16.38%16.34%15.86%16.66%9.07%-731 bps
Liquidity & Funding
Loans / Shares67.43%69.71%63.96%61.33%51.58%-1,585 bps
Liquid Assets / Assets42.39%40.71%44.74%47.55%54.84%+1,245 bps