Portland Teachers grew loans 13.6% in 2002, nearly doubling the
7.4% rate of share growth. This tremendous loan growth raised their
loan to share ratio from 86.7% to 91.8% in a twelve-month span.
This fast-paced loan growth also pushed Portland Teachers over $1
billion in loans outstanding, even while selling over $70 million
first mortgage loans (over 6% of total loans outstanding) on the
Portland Teachers generated 79% of their total income, and 90%
of their interest income, from loan interest. This helped increase
their bottom line 75% and boosted their Return on Average Assets
51 basis points, ending 2002 at 1.51%.
Portland Teachers Credit Union is a participant of Callahan's
First Look program. To begin your 4th Quarter 2002 analysis,
email your 5300.xml file to email@example.com.