PackageTrendsPeer
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Monterey County Employees

Salinas, CA · Charter 65113

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

Monterey County Employees

Salinas, CA · Charter 65113

NCUA · 1 branch

Q3 2022

$50.3MAssets
$18.5MLoans
$45.0MShares
$5.0MNet Worth

Executive Summary

  • Earnings: ROA of -5.03%, down 540 bps year over year; NIM at 0.06%.
  • Asset quality: problem loans at 0.13% of loans (-34 bps YoY).
  • Capital: net worth / assets of 9.95%, down 352 bps from a year ago.
  • Funding: loans stand at 41.06% of shares as of Q3 2022.

Return on Assets (YTD, annualized)

-5.03%-540 bps YoY

Net Interest Margin (YTD, annualized)

0.06%-250 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

9.95%-352 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets0.14%0.25%0.30%0.37%0.45%0.83%0.59%-5.03%-540 bps
Return on Equity1.00%1.92%2.31%2.76%3.42%6.13%4.38%-50.53%-5,329 bps
Net Interest Margin2.83%2.45%2.51%2.56%2.50%2.38%2.37%0.06%-250 bps
Efficiency Ratio88.43%92.26%90.82%90.04%88.25%88.51%88.69%n/an/a
Growth
Asset Growth (YoY)12.05%12.14%7.11%4.34%5.35%0.27%2.71%-0.41%-475 bps
Loan Growth (YoY)-10.71%-10.09%-1.31%-0.72%-1.52%-1.10%-4.24%-4.78%-405 bps
Share Growth (YoY)13.43%13.83%8.06%4.76%6.22%1.02%5.10%4.47%-30 bps
Asset Quality
Delinquent Loans / Loans1.29%0.30%0.18%0.47%0.15%0.75%0.82%0.13%-34 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans1.27%1.21%1.15%1.11%1.06%0.75%0.67%0.38%-73 bps
Capital
Risk-Based Capital13.52%12.90%13.19%13.47%13.29%13.46%13.44%9.95%-352 bps
Net Worth / Assets13.52%12.90%13.19%13.47%13.29%13.46%13.44%9.95%-352 bps
Liquidity & Funding
Loans / Shares45.76%42.35%45.01%45.05%42.42%41.46%41.01%41.06%-399 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps