Varick Memorial

Hempstead, NY · Charter 24598

NCUA · 1 branch

Q3 2023

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: Q3 2023, the quarter ended September 30, 2023, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Hempstead, NY · Charter 24598

NCUA · 1 branch

Q3 2023

$9KAssets

$0KLoans

$0KShares

$3KNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

-32.07%-2,801 bps YoY

Net Interest Margin (YTD, annualized)

-0.31%-114 bps YoY

Efficiency Ratio (YTD, annualized)

871%+50,134 bps YoY

Net Worth / Assets

29.83%+2,531 bps YoY

Year to date, annualized, through each quarter.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	YoY Δ	Trend
Earnings
Return on Assets	-4.06%	-58.10%	-48.76%	-38.71%	-32.07%	-2,801 bps
Return on Equity	-89.77%	-153.39%	-133.45%	-119.13%	-107.49%	-1,772 bps
Net Interest Margin	0.83%	-0.91%	1.18%	0.83%	-0.31%	-114 bps
Efficiency Ratio	370%	1178%	485%	631%	871%	+50,134 bps
Growth
Asset Growth (YoY)	-8.26%	-92.51%	-94.19%	-94.51%	-94.46%	-8,620 bps
Loan Growth (YoY)	-100.00%	-100.00%	-100.00%	-100.00%	n/a	n/a
Share Growth (YoY)	-5.41%	-98.92%	-100.00%	-100.00%	-100.00%	-9,459 bps
Asset Quality
Delinquent Loans / Loans	n/a	n/a	n/a	n/a	n/a	n/a
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Risk-Based Capital	4.52%	37.88%	36.54%	32.49%	29.83%	+2,531 bps
Net Worth / Assets	4.52%	37.88%	36.54%	32.49%	29.83%	+2,531 bps
Liquidity & Funding
Loans / Shares	0.00%	0.00%	n/a	n/a	n/a	n/a
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps