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Ae Goetze Employees

Lake City, MN · Charter 60264

NCUA · 1 branch

Q2 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: Q2 2021, the quarter ended June 30, 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

Ae Goetze Employees

Lake City, MN · Charter 60264

NCUA · 1 branch

Q2 2021

$5.0MAssets
$2.8MLoans
$4.6MShares
$330KNet 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 -2.23%, down 191 bps year over year; NIM at 2.95%.
  • Asset quality: problem loans at 0.32% of loans (-79 bps YoY).
  • Capital: net worth / assets of 6.65%, down 255 bps from a year ago.
  • Funding: loans stand at 59.31% of shares as of Q2 2021.

Financial Results

Return on Assets (YTD, annualized)

-2.23%-191 bps YoY

Net Interest Margin (YTD, annualized)

2.95%-120 bps YoY

Efficiency Ratio (YTD, annualized)

162.98%+5,354 bps YoY

Net Worth / Assets

6.65%-255 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2020Q3 2020Q4 2020Q1 2021Q2 2021YoY ΔTrend
Earnings
Return on Assets-0.32%-0.48%-0.66%-1.14%-2.23%-191 bps
Return on Equity-3.47%-5.92%-8.21%-14.83%-33.57%-3,010 bps
Net Interest Margin4.14%3.67%3.58%2.98%2.95%-120 bps
Efficiency Ratio109.44%111.88%115.86%135.50%162.98%+5,354 bps
Growth
Asset Growth (YoY)1.49%10.95%12.16%10.29%11.39%+991 bps
Loan Growth (YoY)-6.28%-13.91%-9.31%-1.35%-1.38%+490 bps
Share Growth (YoY)1.60%12.63%14.39%12.46%14.68%+1,308 bps
Asset Quality
Delinquent Loans / Loans1.11%0.79%0.04%0.00%0.32%-79 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.50%0.41%0.23%0.23%0.24%-27 bps
Capital
Risk-Based Capital9.20%8.17%8.01%7.66%6.65%-255 bps
Net Worth / Assets9.20%8.17%8.01%7.66%6.65%-255 bps
Liquidity & Funding
Loans / Shares68.97%56.51%58.95%61.28%59.31%-966 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps