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May Associates

Akron, OH · Charter 1649

NCUA · 1 branch

Q4 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: Q4 2021, the quarter ended December 31, 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

May Associates

Akron, OH · Charter 1649

NCUA · 1 branch

Q4 2021

$5.7MAssets
$2.2MLoans
$4.7MShares
$1.1MNet 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 0.06%, down 51 bps year over year; NIM at 4.03%.
  • Asset quality: problem loans at 0.19% of loans (+19 bps YoY).
  • Capital: net worth / assets of 18.45%, up 107 bps from a year ago.
  • Funding: loans stand at 47.74% of shares as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

0.06%-51 bps YoY

Net Interest Margin (YTD, annualized)

4.03%-73 bps YoY

Efficiency Ratio (YTD, annualized)

100.39%+2,237 bps YoY

Net Worth / Assets

18.45%+107 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets0.57%1.22%0.95%0.70%0.06%-51 bps
Return on Equity3.31%6.92%5.32%3.83%0.34%-297 bps
Net Interest Margin4.76%4.18%4.11%4.01%4.03%-73 bps
Efficiency Ratio78.01%91.26%83.83%86.99%100.39%+2,237 bps
Growth
Asset Growth (YoY)3.58%5.09%1.00%-1.91%-5.48%-905 bps
Loan Growth (YoY)-11.06%-17.24%-16.12%-19.88%-26.85%-1,580 bps
Share Growth (YoY)4.16%5.63%0.12%-2.67%-6.76%-1,092 bps
Asset Quality
Delinquent Loans / Loans0.00%0.46%0.00%0.17%0.19%+19 bps
Net Charge-Offs / Loansn/a0.00%n/an/an/an/an/a
Allowance / Loans1.49%1.29%1.32%1.34%1.03%-46 bps
Capital
Risk-Based Capital17.38%17.62%17.80%18.40%18.45%+107 bps
Net Worth / Assets17.38%17.62%17.80%18.40%18.45%+107 bps
Liquidity & Funding
Loans / Shares60.86%54.72%53.18%53.23%47.74%-1,311 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps