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S.M.S.D.

Buffalo, NY · Charter 22247

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

S.M.S.D.

Buffalo, NY · Charter 22247

NCUA · 1 branch

Q2 2022

$2.2MAssets
$510KLoans
$1.9MShares
$349KNet Worth

Executive Summary

  • Earnings: ROA of -12.47%, down 1,367 bps year over year; NIM at -12.41%.
  • Asset quality: problem loans at 0.00% of loans (-41 bps YoY).
  • Capital: net worth / assets of 15.82%, down 356 bps from a year ago.
  • Funding: loans stand at 27.50% of shares as of Q2 2022.

Return on Assets (YTD, annualized)

-12.47%-1,367 bps YoY

Net Interest Margin (YTD, annualized)

-12.41%-1,336 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

15.82%-356 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022YoY ΔTrend
Earnings
Return on Assets0.78%0.70%0.31%1.19%1.96%1.42%1.16%-12.47%-1,367 bps
Return on Equity4.00%3.64%1.67%6.16%9.59%7.13%5.85%-78.84%-8,500 bps
Net Interest Margin1.73%1.58%0.99%0.95%0.93%0.87%0.74%-12.41%-1,336 bps
Efficiency Ratio60.45%64.23%84.63%52.16%37.63%44.88%37.77%n/an/a
Growth
Asset Growth (YoY)7.27%6.80%7.76%4.18%2.99%3.54%3.05%-8.30%-1,248 bps
Loan Growth (YoY)-13.17%-19.04%-12.29%-0.34%-10.28%-6.73%-8.94%-22.68%-2,234 bps
Share Growth (YoY)7.96%7.50%8.91%4.01%1.69%2.62%1.71%-4.10%-810 bps
Asset Quality
Delinquent Loans / Loans0.82%0.70%0.55%0.41%0.00%0.00%0.00%0.00%-41 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans1.25%1.16%1.02%0.87%0.47%0.45%0.45%0.45%-42 bps
Capital
Risk-Based Capital19.40%19.17%18.74%19.39%20.43%19.93%19.79%15.82%-356 bps
Net Worth / Assets19.40%19.17%18.74%19.39%20.43%19.93%19.79%15.82%-356 bps
Liquidity & Funding
Loans / Shares38.09%33.45%32.05%34.10%33.61%30.40%28.69%27.50%-661 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps