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Airco

Glendale, CA · Charter 11917

NCUA · 1 branch

Q3 2023

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 2023, the quarter ended September 30, 2023, 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

Airco

Glendale, CA · Charter 11917

NCUA · 1 branch

Q3 2023

$9.0MAssets
$3.4MLoans
$7.4MShares
$1.4MNet Worth

Executive Summary

  • Earnings: ROA of -1.85%, down 206 bps year over year; NIM at 2.35%.
  • Asset quality: problem loans at 1.69% of loans (-26 bps YoY).
  • Capital: net worth / assets of 15.15%, up 216 bps from a year ago.
  • Funding: loans stand at 45.85% of shares as of Q3 2023.

Return on Assets (YTD, annualized)

-1.85%-206 bps YoY

Net Interest Margin (YTD, annualized)

2.35%-26 bps YoY

Efficiency Ratio (YTD, annualized)

161.79%+6,906 bps YoY

Net Worth / Assets

15.15%+216 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets0.20%0.04%-0.35%0.22%-0.24%-1.49%-2.35%-1.85%-206 bps
Return on Equity1.72%0.33%-3.18%1.68%-1.80%-10.80%-16.74%-12.18%-1,386 bps
Net Interest Margin2.06%2.07%1.65%2.61%2.52%1.99%2.16%2.35%-26 bps
Efficiency Ratio90.56%97.71%116.35%92.73%107.85%161.42%185.45%161.79%+6,906 bps
Growth
Asset Growth (YoY)4.38%-1.95%2.09%-9.17%-14.02%-19.01%-26.88%-23.81%-1,464 bps
Loan Growth (YoY)19.21%6.71%3.63%1.78%-10.03%-11.92%-12.18%-17.02%-1,880 bps
Share Growth (YoY)5.22%-2.23%-6.67%-10.64%-16.06%-21.25%-22.90%-28.57%-1,794 bps
Asset Quality
Delinquent Loans / Loans0.13%0.18%1.22%1.95%2.40%2.59%2.25%1.69%-26 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.51%0.52%0.54%0.40%0.39%0.00%0.00%0.00%-40 bps
Capital
Risk-Based Capital11.63%11.60%11.03%12.99%13.44%13.84%14.04%15.15%+216 bps
Net Worth / Assets11.63%11.60%11.03%12.99%13.44%13.84%14.04%15.15%+216 bps
Liquidity & Funding
Loans / Shares38.13%36.23%36.63%39.47%40.87%40.52%41.72%45.85%+638 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps