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Western Districts Members

Grand Rapids, MI · Charter 62073

NCUA · 2 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

Western Districts Members

Grand Rapids, MI · Charter 62073

NCUA · 2 branches

Q1 2022

$49.8MAssets
$13.8MLoans
$43.3MShares
$6.6MNet Worth

Executive Summary

  • Earnings: ROA of -2.89%, down 237 bps year over year; NIM at 1.89%.
  • Asset quality: problem loans at 0.12% of loans (-11 bps YoY).
  • Capital: net worth / assets of 13.30%, down 182 bps from a year ago.
  • Funding: loans stand at 31.74% of shares as of Q1 2022.

Return on Assets (YTD, annualized)

-2.89%-237 bps YoY

Net Interest Margin (YTD, annualized)

1.89%-7 bps YoY

Efficiency Ratio (YTD, annualized)

210%+9,005 bps YoY

Net Worth / Assets

13.30%-182 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2020Q3 2020Q4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022YoY ΔTrend
Earnings
Return on Assets-0.15%-0.21%-0.11%-0.52%-0.17%0.07%0.01%-2.89%-237 bps
Return on Equity-0.85%-1.24%-0.67%-3.42%-1.10%0.41%0.04%-21.73%-1,831 bps
Net Interest Margin2.78%2.69%2.58%1.96%2.05%2.14%2.02%1.89%-7 bps
Efficiency Ratio101.08%104.07%101.75%119.67%106.16%97.76%99.41%210%+9,005 bps
Growth
Asset Growth (YoY)8.61%13.89%16.04%23.60%10.10%9.17%9.78%0.08%-2,352 bps
Loan Growth (YoY)-2.50%0.83%-2.81%-7.89%-12.33%-13.26%-15.51%-10.61%-273 bps
Share Growth (YoY)9.17%16.34%19.00%30.80%12.74%11.35%13.26%2.46%-2,834 bps
Asset Quality
Delinquent Loans / Loans0.04%0.14%0.11%0.24%0.36%0.15%0.28%0.12%-11 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.42%0.44%0.37%0.44%0.45%0.39%0.40%0.33%-12 bps
Capital
Risk-Based Capital17.32%17.04%16.73%15.12%15.61%15.70%15.25%13.30%-182 bps
Net Worth / Assets17.32%17.04%16.73%15.12%15.61%15.70%15.25%13.30%-182 bps
Liquidity & Funding
Loans / Shares46.10%46.07%43.08%36.39%35.85%35.88%32.14%31.74%-464 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps