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Lake Community

Hartville, OH · Charter 15942

NCUA · 2 branches

Q3 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: Q3 2022, the quarter ended September 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

Lake Community

Hartville, OH · Charter 15942

NCUA · 2 branches

Q3 2022

$29.2MAssets
$16.6MLoans
$27.7MShares
$858KNet 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 -4.82%, down 479 bps year over year; NIM at 2.62%.
  • Asset quality: problem loans at 0.11% of loans (+1 bps YoY).
  • Capital: net worth / assets of 2.93%, down 366 bps from a year ago.
  • Funding: loans stand at 59.67% of shares as of Q3 2022.

Financial Results

Return on Assets (YTD, annualized)

-4.82%-479 bps YoY

Net Interest Margin (YTD, annualized)

2.62%+41 bps YoY

Efficiency Ratio (YTD, annualized)

231%+13,193 bps YoY

Net Worth / Assets

2.93%-366 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets-0.03%-0.08%-0.23%0.04%-4.82%-479 bps
Return on Equity-0.43%-1.23%-3.74%0.60%-164.32%-16,389 bps
Net Interest Margin2.22%2.15%2.14%2.25%2.62%+41 bps
Efficiency Ratio98.96%100.27%105.76%97.22%231%+13,193 bps
Growth
Asset Growth (YoY)14.32%13.99%7.41%8.34%-0.17%-1,449 bps
Loan Growth (YoY)1.50%2.20%7.38%14.40%25.17%+2,366 bps
Share Growth (YoY)15.58%15.45%8.25%9.05%1.64%-1,394 bps
Asset Quality
Delinquent Loans / Loans0.10%0.11%0.00%0.08%0.11%+1 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.37%0.32%0.27%0.25%0.28%-9 bps
Capital
Risk-Based Capital6.60%6.29%6.17%6.12%2.93%-366 bps
Net Worth / Assets6.60%6.29%6.17%6.12%2.93%-366 bps
Liquidity & Funding
Loans / Shares48.45%46.29%48.06%51.55%59.67%+1,122 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps