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First Class

Allentown, PA · Charter 62

NCUA · 2 branches

Q4 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: Q4 2022, the quarter ended December 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

First Class

Allentown, PA · Charter 62

NCUA · 2 branches

Q4 2022

$35.1MAssets
$22.0MLoans
$29.9MShares
$5.1MNet Worth

Executive Summary

  • Earnings: ROA of -0.02%, down 24 bps year over year; NIM at 2.67%.
  • Asset quality: problem loans at 1.02% of loans (+24 bps YoY).
  • Capital: net worth / assets of 14.59%, down 33 bps from a year ago.
  • Funding: loans stand at 73.81% of shares as of Q4 2022.

Return on Assets (YTD, annualized)

-0.02%-24 bps YoY

Net Interest Margin (YTD, annualized)

2.67%+17 bps YoY

Efficiency Ratio (YTD, annualized)

105.44%+1,237 bps YoY

Net Worth / Assets

14.59%-33 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022YoY ΔTrend
Earnings
Return on Assets0.41%0.37%0.32%0.22%0.25%0.19%0.31%-0.02%-24 bps
Return on Equity3.06%2.76%2.25%1.48%1.75%1.32%2.06%-0.15%-162 bps
Net Interest Margin2.23%2.26%2.39%2.50%2.32%2.39%2.55%2.67%+17 bps
Efficiency Ratio84.50%86.00%88.60%93.07%90.77%93.28%89.84%105.44%+1,237 bps
Growth
Asset Growth (YoY)17.04%9.91%1.88%-4.21%-7.26%-7.68%-3.43%2.12%+633 bps
Loan Growth (YoY)0.09%-3.85%-4.81%-1.18%-2.99%4.16%6.15%3.68%+486 bps
Share Growth (YoY)20.36%11.58%2.02%-5.12%-8.56%-8.97%-3.95%2.28%+740 bps
Asset Quality
Delinquent Loans / Loans0.45%1.64%0.78%0.78%1.33%2.02%2.21%1.02%+24 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.26%0.27%0.27%0.24%0.25%0.24%0.25%0.00%-24 bps
Capital
Risk-Based Capital13.27%13.56%14.32%14.92%14.48%14.80%15.03%14.59%-33 bps
Net Worth / Assets13.27%13.56%14.32%14.92%14.48%14.80%15.03%14.59%-33 bps
Liquidity & Funding
Loans / Shares64.15%63.76%68.51%72.80%68.05%72.96%75.71%73.81%+100 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps