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Pen Air

Pensacola, FL · Charter 1303

NCUA · 11 branches

Q2 2022

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 2022, the quarter ended June 30, 2022, 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

Pen Air

Pensacola, FL · Charter 1303

NCUA · 11 branches

Q2 2022

$2.3BAssets
$1.2BLoans
$2.1BShares
$258.9MNet Worth

Executive Summary

  • Earnings: ROA of 0.95%, up 24 bps year over year; NIM at 2.65%.
  • Asset quality: problem loans at 0.38% of loans (+2 bps YoY).
  • Capital: net worth / assets of 11.32%, up 124 bps from a year ago.
  • Funding: loans stand at 59.28% of shares as of Q2 2022.

Return on Assets (YTD, annualized)

0.95%+24 bps YoY

Net Interest Margin (YTD, annualized)

2.65%+63 bps YoY

Efficiency Ratio (YTD, annualized)

67.98%-359 bps YoY

Net Worth / Assets

11.32%+124 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022YoY ΔTrend
Earnings
Return on Assets0.52%0.45%0.65%0.71%0.81%0.91%1.05%0.95%+24 bps
Return on Equity4.68%4.21%6.45%7.08%7.80%8.50%9.65%8.41%+133 bps
Net Interest Margin2.45%2.30%2.07%2.02%2.10%2.16%2.47%2.65%+63 bps
Efficiency Ratio72.66%71.25%69.18%71.57%71.58%70.17%67.00%67.98%-359 bps
Growth
Asset Growth (YoY)33.63%38.29%37.47%23.56%14.88%8.26%2.66%-2.00%-2,556 bps
Loan Growth (YoY)9.27%7.79%5.64%5.23%4.57%5.21%8.17%14.73%+950 bps
Share Growth (YoY)39.35%42.98%44.64%27.05%16.82%9.42%4.44%1.47%-2,558 bps
Asset Quality
Delinquent Loans / Loans0.35%0.79%0.49%0.36%0.39%0.44%0.34%0.38%+2 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans1.15%1.40%1.42%1.34%1.22%1.07%0.97%0.90%-44 bps
Capital
Risk-Based Capital11.08%10.58%10.13%10.08%10.32%10.68%10.87%11.32%+124 bps
Net Worth / Assets11.08%10.58%10.13%10.08%10.32%10.68%10.87%11.32%+124 bps
Liquidity & Funding
Loans / Shares59.57%56.73%52.88%52.43%53.33%54.54%54.77%59.28%+685 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps