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Allegan Community

Allegan, MI · Charter 5185

NCUA · 3 branches

Q1 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: Q1 2022, the quarter ended March 31, 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

Allegan Community

Allegan, MI · Charter 5185

NCUA · 3 branches

Q1 2022

$82.2MAssets
$50.7MLoans
$72.7MShares
$8.1MNet Worth

Executive Summary

  • Earnings: ROA of 9.87%, up 868 bps year over year; NIM at 3.24%.
  • Asset quality: problem loans at 0.50% of loans (-20 bps YoY).
  • Capital: net worth / assets of 9.90%, up 247 bps from a year ago.
  • Funding: loans stand at 69.72% of shares as of Q1 2022.

Return on Assets (YTD, annualized)

9.87%+868 bps YoY

Net Interest Margin (YTD, annualized)

3.24%+6 bps YoY

Efficiency Ratio (YTD, annualized)

31.64%-4,731 bps YoY

Net Worth / Assets

9.90%+247 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2020Q3 2020Q4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022YoY ΔTrend
Earnings
Return on Assets0.43%0.72%0.76%1.19%1.01%1.04%0.94%9.87%+868 bps
Return on Equity5.61%9.31%9.19%16.00%13.13%13.48%12.13%99.60%+8,361 bps
Net Interest Margin3.62%3.60%3.60%3.19%3.15%3.16%3.25%3.24%+6 bps
Efficiency Ratio79.92%78.51%76.84%78.94%82.18%80.50%81.21%31.64%-4,731 bps
Growth
Asset Growth (YoY)32.37%35.46%32.66%46.11%23.47%22.67%19.19%8.92%-3,719 bps
Loan Growth (YoY)17.55%30.62%32.50%29.44%22.01%15.67%15.72%21.16%-827 bps
Share Growth (YoY)36.00%38.35%34.06%48.30%22.96%18.78%16.94%6.24%-4,206 bps
Asset Quality
Delinquent Loans / Loans1.08%0.69%0.70%0.71%1.00%0.94%0.80%0.50%-20 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans1.05%0.96%1.06%0.94%0.80%0.73%0.69%0.62%-32 bps
Capital
Risk-Based Capital7.71%7.74%8.23%7.44%7.70%7.74%7.75%9.90%+247 bps
Net Worth / Assets7.71%7.74%8.23%7.44%7.70%7.74%7.75%9.90%+247 bps
Liquidity & Funding
Loans / Shares66.05%71.28%71.64%61.14%65.54%69.41%70.89%69.72%+859 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps