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Spartanburg City Employees

Spartanburg, SC · Charter 60769

NCUA · 1 branch

Q2 2020

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 2020, the quarter ended June 30, 2020, 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

Spartanburg City Employees

Spartanburg, SC · Charter 60769

NCUA · 1 branch

Q2 2020

$7.5MAssets
$4.8MLoans
$6.3MShares
$1.2MNet 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 -2.02%, down 276 bps year over year; NIM at 2.78%.
  • Asset quality: problem loans at 10.65% of loans (+617 bps YoY).
  • Capital: net worth / assets of 15.65%, up 34 bps from a year ago.
  • Funding: loans stand at 75.86% of shares as of Q2 2020.

Financial Results

Return on Assets (YTD, annualized)

-2.02%-276 bps YoY

Net Interest Margin (YTD, annualized)

2.78%-42 bps YoY

Efficiency Ratio (YTD, annualized)

55.12%-1,746 bps YoY

Net Worth / Assets

15.65%+34 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2019Q3 2019Q4 2019Q1 2020Q2 2020YoY ΔTrend
Earnings
Return on Assets0.74%1.02%0.81%-2.09%-2.02%-276 bps
Return on Equity4.85%6.19%4.80%-12.71%-12.91%-1,776 bps
Net Interest Margin3.20%3.50%3.88%2.84%2.78%-42 bps
Efficiency Ratio72.58%64.99%68.03%69.00%55.12%-1,746 bps
Growth
Asset Growth (YoY)52.18%28.86%16.27%13.87%-6.36%-5,854 bps
Loan Growth (YoY)40.29%36.35%18.67%0.14%-16.60%-5,689 bps
Share Growth (YoY)62.15%45.37%27.15%24.48%-0.64%-6,280 bps
Asset Quality
Delinquent Loans / Loans4.48%5.31%3.40%5.35%10.65%+617 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.25%1.31%1.56%2.72%4.05%+280 bps
Capital
Risk-Based Capital15.30%16.53%16.94%16.44%15.65%+34 bps
Net Worth / Assets15.30%16.53%16.94%16.44%15.65%+34 bps
Liquidity & Funding
Loans / Shares90.37%99.54%93.82%85.86%75.86%-1,451 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps