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South San Francisco City Emp

S. San Francisc, CA · Charter 13124

NCUA · 1 branch

Q1 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: Q1 2022, the quarter ended March 31, 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

South San Francisco City Emp

S. San Francisc, CA · Charter 13124

NCUA · 1 branch

Q1 2022

$3.7MAssets
$478KLoans
$3.4MShares
$243KNet 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 -1.83%, down 44 bps year over year; NIM at 0.35%.
  • Asset quality: problem loans at 0.23% of loans (+23 bps YoY).
  • Capital: net worth / assets of 6.64%, down 237 bps from a year ago.
  • Funding: loans stand at 14.02% of shares as of Q1 2022.

Financial Results

Return on Assets (YTD, annualized)

-1.83%-44 bps YoY

Net Interest Margin (YTD, annualized)

0.35%-15 bps YoY

Efficiency Ratio (YTD, annualized)

622%+24,099 bps YoY

Net Worth / Assets

6.64%-237 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2021Q2 2021Q3 2021Q4 2021Q1 2022YoY ΔTrend
Earnings
Return on Assets-1.39%-1.67%-1.84%-2.00%-1.83%-44 bps
Return on Equity-15.46%-19.21%-22.43%-28.19%-27.57%-1,212 bps
Net Interest Margin0.51%0.50%0.51%0.47%0.35%-15 bps
Efficiency Ratio381%439%470%534%622%+24,099 bps
Growth
Asset Growth (YoY)8.03%7.48%-0.47%5.76%2.80%-523 bps
Loan Growth (YoY)-13.86%-20.33%-25.78%-30.35%-31.11%-1,725 bps
Share Growth (YoY)10.67%10.22%1.48%8.75%5.42%-525 bps
Asset Quality
Delinquent Loans / Loans0.00%0.46%0.36%0.32%0.23%+23 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.45%0.44%0.43%0.43%0.43%-2 bps
Capital
Risk-Based Capital9.01%8.70%8.22%7.08%6.64%-237 bps
Net Worth / Assets9.01%8.70%8.22%7.08%6.64%-237 bps
Liquidity & Funding
Loans / Shares21.45%20.00%18.56%15.17%14.02%-743 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps