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Anacortes Shell

Anacortes, WA · Charter 11845

NCUA · 1 branch

Q1 2021

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: Q1 2021, the quarter ended March 31, 2021, 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

Anacortes Shell

Anacortes, WA · Charter 11845

NCUA · 1 branch

Q1 2021

$12.2MAssets
$6.4MLoans
$9.0MShares
$3.1MNet 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 -0.42%, up 107 bps year over year; NIM at 2.61%.
  • Asset quality: problem loans at 1.23% of loans (+35 bps YoY).
  • Capital: net worth / assets of 25.73%, down 370 bps from a year ago.
  • Funding: loans stand at 70.33% of shares as of Q1 2021.

Financial Results

Return on Assets (YTD, annualized)

-0.42%+107 bps YoY

Net Interest Margin (YTD, annualized)

2.61%-96 bps YoY

Efficiency Ratio (YTD, annualized)

115.12%+508 bps YoY

Net Worth / Assets

25.73%-370 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2020Q2 2020Q3 2020Q4 2020Q1 2021YoY ΔTrend
Earnings
Return on Assets-1.48%-1.07%-0.72%-1.40%-0.42%+107 bps
Return on Equity-5.04%-3.78%-2.56%-5.23%-1.61%+343 bps
Net Interest Margin3.56%3.47%3.37%3.27%2.61%-96 bps
Efficiency Ratio110.04%106.43%101.26%122.30%115.12%+508 bps
Growth
Asset Growth (YoY)-3.07%0.81%-3.08%2.18%9.63%+1,270 bps
Loan Growth (YoY)-3.89%-7.62%-17.17%-19.59%-20.03%-1,613 bps
Share Growth (YoY)-2.85%2.40%-3.21%5.48%15.65%+1,850 bps
Asset Quality
Delinquent Loans / Loans0.88%1.01%0.84%1.30%1.23%+35 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.37%0.47%0.62%0.75%0.67%+30 bps
Capital
Risk-Based Capital29.43%28.22%28.18%26.79%25.73%-370 bps
Net Worth / Assets29.43%28.22%28.18%26.79%25.73%-370 bps
Liquidity & Funding
Loans / Shares101.71%93.54%84.78%77.91%70.33%-3,138 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps