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Fluke Employees

Everett, WA · Charter 20655

NCUA · 1 branch

Q2 2020

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 2020, the quarter ended June 30, 2020, 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

Fluke Employees

Everett, WA · Charter 20655

NCUA · 1 branch

Q2 2020

$2.6MAssets
$1.1MLoans
$2.0MShares
$556KNet 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 2.86%, up 209 bps year over year; NIM at 3.27%.
  • Asset quality: problem loans at 0.00% of loans (-60 bps YoY).
  • Capital: net worth / assets of 21.66%, up 92 bps from a year ago.
  • Funding: loans stand at 53.29% of shares as of Q2 2020.

Financial Results

Return on Assets (YTD, annualized)

2.86%+209 bps YoY

Net Interest Margin (YTD, annualized)

3.27%-43 bps YoY

Efficiency Ratio (YTD, annualized)

61.67%-735 bps YoY

Net Worth / Assets

21.66%+92 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2019Q3 2019Q4 2019Q1 2020Q2 2020YoY ΔTrend
Earnings
Return on Assets0.77%0.70%0.70%0.44%2.86%+209 bps
Return on Equity3.71%3.39%3.42%2.11%13.22%+951 bps
Net Interest Margin3.70%3.70%3.68%3.38%3.27%-43 bps
Efficiency Ratio69.03%74.37%75.16%87.39%61.67%-735 bps
Growth
Asset Growth (YoY)-6.90%-7.28%-1.52%-2.70%-1.17%+573 bps
Loan Growth (YoY)15.78%-2.36%-3.23%-8.73%-22.97%-3,875 bps
Share Growth (YoY)-9.12%-9.56%-2.82%-4.25%-2.24%+688 bps
Asset Quality
Delinquent Loans / Loans0.60%0.34%0.46%0.00%0.00%-60 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.68%1.67%1.68%1.66%0.00%-168 bps
Capital
Risk-Based Capital20.74%20.68%20.59%20.81%21.66%+92 bps
Net Worth / Assets20.74%20.68%20.59%20.81%21.66%+92 bps
Liquidity & Funding
Loans / Shares67.64%64.44%64.18%59.23%53.29%-1,435 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps