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Sherchem

Ashtabula, OH · Charter 19920

NCUA · 1 branch

Q2 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: Q2 2022, the quarter ended June 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

Sherchem

Ashtabula, OH · Charter 19920

NCUA · 1 branch

Q2 2022

$2.9MAssets
$1.3MLoans
$2.5MShares
$439KNet 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 -2.05%, down 198 bps year over year; NIM at 2.00%.
  • Asset quality: problem loans at 0.04% of loans (-10 bps YoY).
  • Capital: net worth / assets of 14.93%, up 56 bps from a year ago.
  • Funding: loans stand at 51.57% of shares as of Q2 2022.

Financial Results

Return on Assets (YTD, annualized)

-2.05%-198 bps YoY

Net Interest Margin (YTD, annualized)

2.00%-3 bps YoY

Efficiency Ratio (YTD, annualized)

262%+15,946 bps YoY

Net Worth / Assets

14.93%+56 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2021Q3 2021Q4 2021Q1 2022Q2 2022YoY ΔTrend
Earnings
Return on Assets-0.06%-0.22%-0.23%-0.32%-2.05%-198 bps
Return on Equity-0.44%-1.55%-1.64%-2.29%-13.70%-1,326 bps
Net Interest Margin2.03%1.96%1.96%1.76%2.00%-3 bps
Efficiency Ratio103.02%110.56%111.29%117.71%262%+15,946 bps
Growth
Asset Growth (YoY)17.13%15.21%9.71%1.00%-11.17%-2,830 bps
Loan Growth (YoY)-12.88%-13.86%-14.52%-9.02%-16.13%-324 bps
Share Growth (YoY)20.80%18.59%11.95%1.78%-11.59%-3,239 bps
Asset Quality
Delinquent Loans / Loans0.14%0.12%0.09%0.06%0.04%-10 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.14%0.14%0.15%0.14%0.16%+3 bps
Capital
Risk-Based Capital14.37%13.98%14.16%13.97%14.93%+56 bps
Net Worth / Assets14.37%13.98%14.16%13.97%14.93%+56 bps
Liquidity & Funding
Loans / Shares54.36%50.58%49.78%51.14%51.57%-279 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps