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Golden West Cities

Garden Grove, CA · Charter 13451

Q1 2014

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 2014, the quarter ended March 31, 2014, 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

Golden West Cities

Garden Grove, CA · Charter 13451

Q1 2014

$41.4MAssets
$14.2MLoans
$35.7MShares
$5.6MNet 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 -2.88%, down 312 bps year over year; NIM at 2.34%.
  • Asset quality: problem loans at 0.04% of loans (-35 bps YoY).
  • Capital: net worth / assets of 13.45%, down 20 bps from a year ago.
  • Funding: loans stand at 39.71% of shares as of Q1 2014.

Financial Results

Return on Assets (YTD, annualized)

-2.88%-312 bps YoY

Net Interest Margin (YTD, annualized)

2.34%-27 bps YoY

Efficiency Ratio (YTD, annualized)

203%+10,987 bps YoY

Net Worth / Assets

13.45%-20 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets0.23%0.30%0.22%0.36%-2.88%-312 bps
Return on Equity1.71%2.16%1.58%2.50%-21.44%-2,316 bps
Net Interest Margin2.61%2.64%2.62%2.61%2.34%-27 bps
Efficiency Ratio93.11%93.74%94.39%88.14%203%+10,987 bps
Growth
Asset Growth (YoY)3.66%0.02%0.18%-0.24%-1.61%-527 bps
Loan Growth (YoY)-0.18%0.03%0.57%-6.73%-5.51%-533 bps
Share Growth (YoY)3.87%-0.29%-0.19%-0.58%-1.10%-497 bps
Asset Quality
Delinquent Loans / Loans0.39%0.08%0.09%0.02%0.04%-35 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.81%0.72%0.68%0.73%0.78%-3 bps
Capital
Risk-Based Capital13.65%14.02%14.12%14.41%13.45%-20 bps
Net Worth / Assets13.65%14.02%14.12%14.41%13.45%-20 bps
Liquidity & Funding
Loans / Shares41.57%42.35%42.90%41.34%39.71%-185 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps