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First Connecticut Credit Union, Inc.

Wallingford, CT · Charter 66062

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

First Connecticut Credit Union, Inc.

Wallingford, CT · Charter 66062

NCUA · 1 branch

Q2 2023

$50.5MAssets
$43.4MLoans
$44.4MShares
$4.7MNet 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 0.58%, down 99 bps year over year; NIM at 4.73%.
  • Asset quality: problem loans at 1.58% of loans (+81 bps YoY).
  • Capital: net worth / assets of 9.25%, up 138 bps from a year ago.
  • Funding: loans stand at 97.63% of shares as of Q2 2023.

Financial Results

Return on Assets (YTD, annualized)

0.58%-99 bps YoY

Net Interest Margin (YTD, annualized)

4.73%-45 bps YoY

Efficiency Ratio (YTD, annualized)

88.40%+2,761 bps YoY

Net Worth / Assets

9.25%+138 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2022Q3 2022Q4 2022Q1 2023Q2 2023YoY ΔTrend
Earnings
Return on Assets1.58%1.75%1.64%0.71%0.58%-99 bps
Return on Equity20.08%20.70%18.30%7.85%6.32%-1,376 bps
Net Interest Margin5.18%5.31%5.38%4.72%4.73%-45 bps
Efficiency Ratio60.79%60.35%63.56%85.98%88.40%+2,761 bps
Growth
Asset Growth (YoY)8.72%8.26%3.57%1.35%-3.32%-1,204 bps
Loan Growth (YoY)34.33%32.32%29.46%11.60%-6.71%-4,104 bps
Share Growth (YoY)3.45%3.11%-1.88%-3.79%-3.23%-668 bps
Asset Quality
Delinquent Loans / Loans0.76%0.87%1.69%1.68%1.58%+81 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.79%0.82%0.81%0.79%0.00%-79 bps
Capital
Risk-Based Capital7.86%8.45%8.96%9.07%9.25%+138 bps
Net Worth / Assets7.86%8.45%8.96%9.07%9.25%+138 bps
Liquidity & Funding
Loans / Shares101.27%104.66%100.58%96.24%97.63%-364 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps