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Newspaper Employees

Albany, NY · Charter 63856

NCUA · 1 branch

Q2 2023

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 2023, the quarter ended June 30, 2023, 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

Newspaper Employees

Albany, NY · Charter 63856

NCUA · 1 branch

Q2 2023

$337KAssets
$92KLoans
$118KShares
$220KNet 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 -7.87%, down 223 bps year over year; NIM at 2.70%.
  • Asset quality: problem loans at 5.93% of loans (0 bps YoY).
  • Capital: net worth / assets of 65.14%, up 1,158 bps from a year ago.
  • Funding: loans stand at 78.01% of shares as of Q2 2023.

Financial Results

Return on Assets (YTD, annualized)

-7.87%-223 bps YoY

Net Interest Margin (YTD, annualized)

2.70%-80 bps YoY

Efficiency Ratio (YTD, annualized)

355%+10,128 bps YoY

Net Worth / Assets

65.14%+1,158 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2022Q3 2022Q4 2022Q1 2023Q2 2023YoY ΔTrend
Earnings
Return on Assets-5.64%-6.08%-6.33%-7.56%-7.87%-223 bps
Return on Equity-10.54%-11.28%-11.97%-11.89%-12.08%-154 bps
Net Interest Margin3.50%3.16%2.97%2.54%2.70%-80 bps
Efficiency Ratio253%283%299%368%355%+10,128 bps
Growth
Asset Growth (YoY)-13.75%-14.01%-12.21%-28.02%-26.96%-1,320 bps
Loan Growth (YoY)-15.22%-22.12%-27.01%-24.81%-18.58%-337 bps
Share Growth (YoY)-18.74%-18.97%-13.86%-45.81%-45.18%-2,644 bps
Asset Quality
Delinquent Loans / Loans5.93%9.99%7.68%6.90%5.93%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans8.32%5.94%5.64%5.83%5.71%-260 bps
Capital
Risk-Based Capital53.55%53.85%52.90%63.56%65.14%+1,158 bps
Net Worth / Assets53.55%53.85%52.90%63.56%65.14%+1,158 bps
Liquidity & Funding
Loans / Shares52.53%42.81%44.77%69.33%78.01%+2,548 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps