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Workmens Circle

Cheektowaga, NY · Charter 2151

Q4 2012

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 2012, the quarter ended December 31, 2012, 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

Workmens Circle

Cheektowaga, NY · Charter 2151

Q4 2012

$2.9MAssets
$1.1MLoans
$2.6MShares
$228KNet 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 -3.85%, down 188 bps year over year; NIM at 3.09%.
  • Asset quality: problem loans at 0.00% of loans (-205 bps YoY).
  • Capital: net worth / assets of 7.97%, down 287 bps from a year ago.
  • Funding: loans stand at 40.96% of shares as of Q4 2012.

Financial Results

Return on Assets (YTD, annualized)

-3.85%-188 bps YoY

Net Interest Margin (YTD, annualized)

3.09%-48 bps YoY

Efficiency Ratio (YTD, annualized)

185.56%+3,511 bps YoY

Net Worth / Assets

7.97%-287 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets-1.97%-2.33%-2.21%-2.06%-3.85%-188 bps
Return on Equity-18.19%-22.71%-22.20%-21.79%-48.32%-3,013 bps
Net Interest Margin3.57%3.09%3.09%3.16%3.09%-48 bps
Efficiency Ratio150.45%166.58%164.91%159.19%185.56%+3,511 bps
Growth
Asset Growth (YoY)-7.06%-7.25%-7.94%-4.46%-8.27%-122 bps
Loan Growth (YoY)-31.52%-15.31%-12.25%-12.13%-17.46%+1,406 bps
Share Growth (YoY)-5.35%-5.99%-6.50%-2.78%-5.27%+8 bps
Asset Quality
Delinquent Loans / Loans2.05%1.31%2.84%2.93%0.00%-205 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.53%0.85%0.89%0.87%0.11%-142 bps
Capital
Risk-Based Capital10.84%10.24%9.95%9.45%7.97%-287 bps
Net Worth / Assets10.84%10.24%9.95%9.45%7.97%-287 bps
Liquidity & Funding
Loans / Shares47.01%47.89%46.72%44.03%40.96%-605 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps