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Fiafe

Baltimore, MD · Charter 14381

NCUA · 1 branch

Q3 2021

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 2021, the quarter ended September 30, 2021, 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

Fiafe

Baltimore, MD · Charter 14381

NCUA · 1 branch

Q3 2021

$5.8MAssets
$1.1MLoans
$3.7MShares
$2.1MNet 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 0.30%, down 58 bps year over year; NIM at 2.24%.
  • Asset quality: problem loans at 11.40% of loans (-275 bps YoY).
  • Capital: net worth / assets of 36.89%, up 350 bps from a year ago.
  • Funding: loans stand at 30.21% of shares as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

0.30%-58 bps YoY

Net Interest Margin (YTD, annualized)

2.24%-46 bps YoY

Efficiency Ratio (YTD, annualized)

84.78%+1,763 bps YoY

Net Worth / Assets

36.89%+350 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets0.89%0.79%0.02%0.29%0.30%-58 bps
Return on Equity2.65%2.41%0.06%0.80%0.83%-183 bps
Net Interest Margin2.70%2.58%2.15%2.29%2.24%-46 bps
Efficiency Ratio67.15%69.19%98.65%85.15%84.78%+1,763 bps
Growth
Asset Growth (YoY)-3.14%1.87%2.79%-6.67%-8.53%-538 bps
Loan Growth (YoY)-15.54%-14.54%-18.49%-16.89%-16.40%-86 bps
Share Growth (YoY)-5.81%1.61%3.29%-10.72%-13.20%-739 bps
Asset Quality
Delinquent Loans / Loans14.15%14.15%13.34%12.29%11.40%-275 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans16.80%17.53%19.97%19.82%20.16%+335 bps
Capital
Risk-Based Capital33.39%32.95%32.55%36.08%36.89%+350 bps
Net Worth / Assets33.39%32.95%32.55%36.08%36.89%+350 bps
Liquidity & Funding
Loans / Shares31.37%29.64%25.91%29.48%30.21%-116 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps