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Firstel

Brooklyn Center, MN · Charter 24568

NCUA · 5 branches

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 2026-10-10

Firstel

Brooklyn Center, MN · Charter 24568

NCUA · 5 branches

Q2 2022

$675.0MAssets
$548.1MLoans
$603.5MShares
$61.7MNet 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 0.78%, up 30 bps year over year; NIM at 2.66%.
  • Asset quality: problem loans at 0.24% of loans (+7 bps YoY).
  • Capital: net worth / assets of 9.15%, up 17 bps from a year ago.
  • Funding: loans stand at 90.82% of shares as of Q2 2022.

Financial Results

Return on Assets (YTD, annualized)

0.78%+30 bps YoY

Net Interest Margin (YTD, annualized)

2.66%+21 bps YoY

Efficiency Ratio (YTD, annualized)

82.59%-131 bps YoY

Net Worth / Assets

9.15%+17 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2021Q3 2021Q4 2021Q1 2022Q2 2022YoY ΔTrend
Earnings
Return on Assets0.48%0.68%0.85%0.67%0.78%+30 bps
Return on Equity5.41%7.61%9.40%7.53%8.53%+313 bps
Net Interest Margin2.44%2.40%2.39%2.45%2.66%+21 bps
Efficiency Ratio83.90%80.62%78.61%86.97%82.59%-131 bps
Growth
Asset Growth (YoY)18.53%17.83%13.35%10.84%10.04%-849 bps
Loan Growth (YoY)19.35%17.46%17.54%16.54%22.92%+357 bps
Share Growth (YoY)19.71%18.92%14.13%11.79%10.41%-929 bps
Asset Quality
Delinquent Loans / Loans0.17%0.14%0.17%0.20%0.24%+7 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.83%0.79%0.69%0.57%0.48%-35 bps
Capital
Risk-Based Capital8.97%8.95%9.08%8.88%9.15%+17 bps
Net Worth / Assets8.97%8.95%9.08%8.88%9.15%+17 bps
Liquidity & Funding
Loans / Shares81.57%81.37%80.86%80.42%90.82%+925 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps