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Gasco Employees

Birmingham, AL · Charter 64232

NCUA · 1 branch

Q3 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: Q3 2022, the quarter ended September 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

Gasco Employees

Birmingham, AL · Charter 64232

NCUA · 1 branch

Q3 2022

$49.0MAssets
$36.2MLoans
$43.7MShares
$5.3MNet Worth

Executive Summary

  • Earnings: ROA of 0.98%, up 22 bps year over year; NIM at 3.03%.
  • Asset quality: problem loans at 0.40% of loans (+36 bps YoY).
  • Capital: net worth / assets of 10.85%, up 93 bps from a year ago.
  • Funding: loans stand at 82.97% of shares as of Q3 2022.

Return on Assets (YTD, annualized)

0.98%+22 bps YoY

Net Interest Margin (YTD, annualized)

3.03%+19 bps YoY

Efficiency Ratio (YTD, annualized)

66.06%-1,024 bps YoY

Net Worth / Assets

10.85%+93 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets0.10%0.27%0.58%0.76%0.85%0.70%0.91%0.98%+22 bps
Return on Equity1.13%2.92%6.12%7.68%8.55%7.08%8.70%9.04%+136 bps
Net Interest Margin2.38%2.46%2.68%2.84%2.84%2.90%2.98%3.03%+19 bps
Efficiency Ratio86.29%90.34%81.06%76.31%73.31%78.21%67.73%66.06%-1,024 bps
Growth
Asset Growth (YoY)24.56%8.95%4.93%-0.06%1.02%4.22%1.07%1.02%+108 bps
Loan Growth (YoY)13.73%12.02%16.56%13.13%12.55%8.54%-3.08%-7.56%-2,069 bps
Share Growth (YoY)27.83%9.73%4.90%-0.75%0.16%3.63%0.18%0.11%+86 bps
Asset Quality
Delinquent Loans / Loans0.17%0.05%0.06%0.03%0.00%0.08%0.97%0.40%+36 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.94%0.88%0.78%0.74%0.61%0.67%0.60%0.59%-15 bps
Capital
Risk-Based Capital9.23%9.30%9.55%9.92%9.99%9.86%10.48%10.85%+93 bps
Net Worth / Assets9.23%9.30%9.55%9.92%9.99%9.86%10.48%10.85%+93 bps
Liquidity & Funding
Loans / Shares77.39%79.44%88.01%89.86%86.97%83.21%85.15%82.97%-689 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps