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Tallahassee

Tallahassee, FL · Charter 3404

NCUA · 1 branch

Q4 2021

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 2021, the quarter ended December 31, 2021, 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

Tallahassee

Tallahassee, FL · Charter 3404

NCUA · 1 branch

Q4 2021

$6.9MAssets
$3.6MLoans
$6.2MShares
$724KNet 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 0.35%, up 26 bps year over year; NIM at 4.21%.
  • Asset quality: problem loans at 6.06% of loans (+32 bps YoY).
  • Capital: net worth / assets of 10.52%, down 242 bps from a year ago.
  • Funding: loans stand at 58.65% of shares as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

0.35%+26 bps YoY

Net Interest Margin (YTD, annualized)

4.21%-77 bps YoY

Efficiency Ratio (YTD, annualized)

91.95%-606 bps YoY

Net Worth / Assets

10.52%-242 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets0.10%0.51%0.28%0.24%0.35%+26 bps
Return on Equity0.75%4.62%2.64%2.40%3.35%+260 bps
Net Interest Margin4.98%4.48%4.25%4.00%4.21%-77 bps
Efficiency Ratio98.01%90.21%92.53%93.51%91.95%-606 bps
Growth
Asset Growth (YoY)14.30%28.42%32.26%37.38%27.27%+1,297 bps
Loan Growth (YoY)11.60%7.24%16.37%17.91%6.66%-494 bps
Share Growth (YoY)19.69%33.08%37.39%43.07%31.05%+1,136 bps
Asset Quality
Delinquent Loans / Loans5.74%3.12%2.22%6.42%6.06%+32 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.45%0.52%0.35%0.42%0.46%+2 bps
Capital
Risk-Based Capital12.94%11.06%10.67%10.12%10.52%-242 bps
Net Worth / Assets12.94%11.06%10.67%10.12%10.52%-242 bps
Liquidity & Funding
Loans / Shares72.06%60.92%64.27%62.49%58.65%-1,341 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps