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Imeco

South Bend, IN · Charter 6261

NCUA · 1 branch

Q2 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: Q2 2022, the quarter ended June 30, 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

Imeco

South Bend, IN · Charter 6261

NCUA · 1 branch

Q2 2022

$11.9MAssets
$4.6MLoans
$10.7MShares
$1.1MNet 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 -1.15%, down 109 bps year over year; NIM at 1.38%.
  • Asset quality: problem loans at 0.00% of loans (-76 bps YoY).
  • Capital: net worth / assets of 9.57%, down 171 bps from a year ago.
  • Funding: loans stand at 42.98% of shares as of Q2 2022.

Financial Results

Return on Assets (YTD, annualized)

-1.15%-109 bps YoY

Net Interest Margin (YTD, annualized)

1.38%-37 bps YoY

Efficiency Ratio (YTD, annualized)

161.57%+5,944 bps YoY

Net Worth / Assets

9.57%-171 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2021Q3 2021Q4 2021Q1 2022Q2 2022YoY ΔTrend
Earnings
Return on Assets-0.05%-0.22%-0.44%-0.91%-1.15%-109 bps
Return on Equity-0.48%-2.13%-4.25%-9.32%-11.99%-1,151 bps
Net Interest Margin1.75%1.66%1.62%1.34%1.38%-37 bps
Efficiency Ratio102.13%109.85%119.31%153.77%161.57%+5,944 bps
Growth
Asset Growth (YoY)16.90%22.84%11.38%7.30%6.95%-995 bps
Loan Growth (YoY)-10.90%-15.43%-17.64%-12.04%-9.80%+110 bps
Share Growth (YoY)19.55%26.12%13.10%8.35%8.48%-1,107 bps
Asset Quality
Delinquent Loans / Loans0.76%0.17%1.09%0.18%0.00%-76 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.22%0.23%0.15%0.14%0.09%-13 bps
Capital
Risk-Based Capital11.29%10.55%10.27%9.74%9.57%-171 bps
Net Worth / Assets11.29%10.55%10.27%9.74%9.57%-171 bps
Liquidity & Funding
Loans / Shares51.69%46.32%43.15%42.88%42.98%-871 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps