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Public Employees

Waterloo, IA · Charter 64390

NCUA · 2 branches

Q1 2025

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, credit unions under $1B in assets in the San Francisco-Oakland-Fremont, CA area3

Basis

Quarter: Q1 2025, the quarter ended March 31, 2025, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Credit unions under $1B in assets in the San Francisco-Oakland-Fremont, CA area (n=23 to 24). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

63

Q2 2024Q1 2025peer median (50)

Asset Quality

100

Q2 2024Q1 2025peer median (50)

Profitability

22

Q2 2024Q1 2025peer median (50)

Liquidity

58

Q2 2024Q1 2025peer median

Efficiency

22

Q2 2024Q1 2025peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

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

Public Employees

Waterloo, IA · Charter 64390

NCUA · 2 branches

Q1 2025

$36.7MAssets
$12.2MLoans
$31.9MShares
$4.6MNet Worth

Executive Summary

  • Earnings: ROA of 0.19%, down 57 bps year over year; NIM at 1.69%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 12.64%, down 32 bps from a year ago.
  • Funding: loans stand at 38.33% of shares as of Q1 2025.

Return on Assets (YTD, annualized)

0.19%-57 bps YoY

Net Interest Margin (YTD, annualized)

1.69%+32 bps YoY

Efficiency Ratio (YTD, annualized)

89.44%+2,181 bps YoY

Net Worth / Assets

12.64%-32 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025YoY ΔTrend
Earnings
Return on Assets0.22%0.16%0.12%0.76%0.38%0.27%0.12%0.19%-57 bps
Return on Equity1.67%1.22%0.93%5.87%2.90%2.10%0.91%1.49%-438 bps
Net Interest Margin1.75%1.69%1.59%1.37%1.37%1.41%1.44%1.69%+32 bps
Efficiency Ratio88.37%91.22%93.19%67.63%80.66%85.24%93.52%89.44%+2,181 bps
Growth
Asset Growth (YoY)-0.16%1.13%4.24%6.26%5.66%5.28%3.05%2.31%-395 bps
Loan Growth (YoY)-0.57%-4.07%-2.08%-0.68%-2.67%0.12%-1.98%-4.17%-350 bps
Share Growth (YoY)-0.56%1.02%4.75%6.94%6.54%5.92%3.28%2.53%-440 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.25%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital13.49%13.40%13.02%12.96%12.96%12.94%12.75%12.64%-32 bps
Net Worth / Assets13.49%13.40%13.02%12.96%12.96%12.94%12.75%12.64%-32 bps
Liquidity & Funding
Loans / Shares44.36%43.18%41.94%41.01%40.52%40.82%39.80%38.33%-268 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Public Employees

Waterloo, IA · Charter 64390 · Peer group: credit unions under $1B in assets in the San Francisco-Oakland-Fremont, CA area (n=23-24)

NCUA · 2 branches

Q1 2025

$36.7MAssets
$12.2MLoans
$31.9MShares
$4.6MNet Worth

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of credit unions under $1B in assets in the San Francisco-Oakland-Fremont, CA area (rank 4 of 24).
  • Widest gap: net interest margin trails 92% of credit unions under $1B in assets in the San Francisco-Oakland-Fremont, CA area (rank 22 of 24).
  • Overall: at or above the peer median on 3 of 7 directional measures.

Return on Assets

0.19%

Rank 17 of 24

Net Interest Margin

1.69%

Rank 22 of 24

Efficiency Ratio

89.02%

Rank 19 of 23

Equity / Assets

12.64%

Rank 9 of 24

MetricYour Credit UnionPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.19%0.14%0.51%1.33%Beats 29%17 / 24
Return on Equity1.47%0.91%3.98%8.96%Beats 29%17 / 24
Net Interest Margin1.69%2.75%3.51%3.77%Beats 8%22 / 24
Efficiency Ratio89.02%60.67%83.07%86.25%Beats 22%19 / 23
Asset Quality
Nonperforming Loans / Loans0.00%0.08%0.47%1.37%Beats 100%4 / 24
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio12.64%10.50%11.78%15.70%Beats 63%9 / 24
Total Risk-Based Capital Ration/aNot reported for this institution
Equity / Assets12.64%10.50%11.78%15.70%Beats 63%9 / 24
Liquidity & Funding
Loans / Deposits38.33%38.33%51.40%61.93%25th pctl18 / 24
Loans / Assets33.40%31.67%44.81%54.34%29th pctl17 / 24
Brokered Deposits / Depositsn/aNot reported for this institution