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GLCC

Niagara Falls, NY · Charter 11846

Q2 2002

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: Q2 2002, the quarter ended June 30, 2002, 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

GLCC

Niagara Falls, NY · Charter 11846

Q2 2002

$1.2MAssets
$807KLoans
$949KShares
$226KNet Worth

Executive Summary

  • Earnings: ROA of -0.28%, down 101 bps year over year; NIM at 4.34%.
  • Asset quality: problem loans at 0.21% of loans (-4 bps YoY).
  • Capital: net worth / assets of 19.17%.
  • Funding: loans stand at 85.04% of shares as of Q2 2002.

Return on Assets (YTD, annualized)

-0.28%-101 bps YoY

Net Interest Margin (YTD, annualized)

4.34%+48 bps YoY

Efficiency Ratio (YTD, annualized)

106.06%+2,406 bps YoY

Net Worth / Assets

19.17%

Year to date, annualized, through each quarter.

MetricQ4 1998Q2 1999Q4 1999Q2 2000Q4 2000Q2 2001Q4 2001Q2 2002YoY ΔTrend
Earnings
Return on Assets3.53%2.63%0.01%0.73%0.52%0.30%0.13%-0.28%-101 bps
Return on Equityn/an/an/an/a3.13%1.86%0.77%-1.48%n/a
Net Interest Marginn/an/a4.25%3.86%4.21%3.90%4.26%4.34%+48 bps
Efficiency Ration/an/a90.39%82.01%88.26%92.73%89.32%106.06%+2,406 bps
Growth
Asset Growth (YoY)6.23%5.80%-2.08%12.77%2.83%0.17%1.94%-23.24%-3,601 bps
Loan Growth (YoY)-3.44%2.44%-4.80%14.43%19.76%21.09%12.78%-16.61%-3,104 bps
Share Growth (YoY)6.35%6.23%-3.46%14.32%2.40%-1.15%1.70%-27.09%-4,141 bps
Asset Quality
Delinquent Loans / Loans0.99%0.17%0.16%0.26%0.42%0.23%0.09%0.21%-4 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans1.10%0.76%0.86%0.88%0.85%0.76%0.45%0.67%-21 bps
Capital
Risk-Based Capitaln/an/an/an/a16.49%16.14%17.10%19.17%n/a
Net Worth / Assetsn/an/an/an/a16.49%16.14%17.10%19.17%n/a
Liquidity & Funding
Loans / Shares77.65%71.00%83.62%74.36%90.82%86.97%92.74%85.04%+1,068 bps
Liquid Assets / Assets28.49%35.78%11.82%23.82%23.85%26.84%22.55%31.01%+719 bps