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North Shore Manufacturers

Beverly, MA · Charter 18457

Q1 2013

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 2013, the quarter ended March 31, 2013, 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

North Shore Manufacturers

Beverly, MA · Charter 18457

Q1 2013

$5.6MAssets
$2.5MLoans
$5.2MShares
$371KNet 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 -1.46%, down 93 bps year over year; NIM at 2.62%.
  • Asset quality: problem loans at 2.79% of loans (+87 bps YoY).
  • Capital: net worth / assets of 6.66%, down 160 bps from a year ago.
  • Funding: loans stand at 48.80% of shares as of Q1 2013.

Financial Results

Return on Assets (YTD, annualized)

-1.46%-93 bps YoY

Net Interest Margin (YTD, annualized)

2.62%+18 bps YoY

Efficiency Ratio (YTD, annualized)

125.28%+533 bps YoY

Net Worth / Assets

6.66%-160 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets-0.53%-1.16%-0.55%-1.58%-1.46%-93 bps
Return on Equity-6.47%-13.70%-6.62%-22.24%-21.95%-1,549 bps
Net Interest Margin2.45%2.24%2.80%2.85%2.62%+18 bps
Efficiency Ratio119.94%148.57%117.96%117.83%125.28%+533 bps
Growth
Asset Growth (YoY)-1.65%-4.29%2.48%1.16%-2.22%-57 bps
Loan Growth (YoY)-3.50%-1.21%-8.82%-13.21%-15.49%-1,199 bps
Share Growth (YoY)-1.94%-4.53%2.94%2.89%-0.51%+143 bps
Asset Quality
Delinquent Loans / Loans1.92%2.42%0.00%2.57%2.79%+87 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.33%0.92%1.29%1.41%0.77%-56 bps
Capital
Risk-Based Capital8.26%8.45%8.31%7.11%6.66%-160 bps
Net Worth / Assets8.26%8.45%8.31%7.11%6.66%-160 bps
Liquidity & Funding
Loans / Shares57.45%60.28%56.62%52.96%48.80%-865 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps