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Montauk

New York, NY · Charter 63231

Q4 2015

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 2015, the quarter ended December 31, 2015, 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

Montauk

New York, NY · Charter 63231

Q4 2015

$162.1MAssets
$165.8MLoans
$158.2MShares
$2.8MNet 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 -10.92%, down 1,284 bps year over year; NIM at 2.56%.
  • Asset quality: problem loans at 24.39% of loans (+2,278 bps YoY).
  • Capital: net worth / assets of 1.74%, down 1,128 bps from a year ago.
  • Funding: loans stand at 104.79% of shares as of Q4 2015.

Financial Results

Return on Assets (YTD, annualized)

-10.92%-1,284 bps YoY

Net Interest Margin (YTD, annualized)

2.56%-36 bps YoY

Efficiency Ratio (YTD, annualized)

50.91%+961 bps YoY

Net Worth / Assets

1.74%-1,128 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2014Q1 2015Q2 2015Q3 2015Q4 2015YoY ΔTrend
Earnings
Return on Assets1.93%2.05%-2.29%-1.18%-10.92%-1,284 bps
Return on Equity14.79%16.63%-22.13%-11.20%-626%-64,093 bps
Net Interest Margin2.92%3.14%2.56%2.46%2.56%-36 bps
Efficiency Ratio41.30%36.79%39.48%45.91%50.91%+961 bps
Growth
Asset Growth (YoY)7.76%6.86%8.58%7.14%-4.06%-1,182 bps
Loan Growth (YoY)7.22%11.57%9.03%9.30%4.62%-260 bps
Share Growth (YoY)5.94%6.36%11.36%10.16%8.58%+264 bps
Asset Quality
Delinquent Loans / Loans1.62%1.90%2.96%9.79%24.39%+2,278 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.28%1.21%3.33%3.36%13.25%+1,297 bps
Capital
Risk-Based Capital13.03%12.32%10.35%10.54%1.74%-1,128 bps
Net Worth / Assets13.03%12.32%10.35%10.54%1.74%-1,128 bps
Liquidity & Funding
Loans / Shares108.76%111.02%105.20%104.02%104.79%-397 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps