PackageTrendsPeer
Letter portraitLegal landscape

South Bend Post Office

South Bend, IN · Charter 66255

NCUA · 1 branch

Q3 2021

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 2021, the quarter ended September 30, 2021, 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

South Bend Post Office

South Bend, IN · Charter 66255

NCUA · 1 branch

Q3 2021

$11.0MAssets
$2.5MLoans
$9.8MShares
$1.3MNet 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 0.70%, up 16 bps year over year; NIM at 2.20%.
  • Asset quality: problem loans at 0.22% of loans (-42 bps YoY), with net charge-offs at 4.59%.
  • Capital: net worth / assets of 11.52%, down 82 bps from a year ago.
  • Funding: loans stand at 25.27% of shares as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

0.70%+16 bps YoY

Net Interest Margin (YTD, annualized)

2.20%-120 bps YoY

Efficiency Ratio (YTD, annualized)

78.14%-496 bps YoY

Net Worth / Assets

11.52%-82 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets0.54%0.59%-0.20%0.38%0.70%+16 bps
Return on Equity4.36%4.95%-1.80%3.33%6.03%+167 bps
Net Interest Margin3.39%3.18%2.34%2.31%2.20%-120 bps
Efficiency Ratio83.10%84.49%96.03%82.03%78.14%-496 bps
Growth
Asset Growth (YoY)7.34%11.04%16.78%10.44%14.14%+679 bps
Loan Growth (YoY)-10.98%-17.95%-19.91%-17.46%-16.21%-524 bps
Share Growth (YoY)8.30%11.89%18.54%10.84%15.28%+698 bps
Asset Quality
Delinquent Loans / Loans0.64%0.95%0.82%0.00%0.22%-42 bps
Net Charge-Offs / Loans10.63%8.97%7.23%4.21%4.59%-604 bps
Allowance / Loans0.95%0.93%1.04%0.95%0.98%+3 bps
Capital
Risk-Based Capital12.34%11.97%11.09%11.46%11.52%-82 bps
Net Worth / Assets12.34%11.97%11.09%11.46%11.52%-82 bps
Liquidity & Funding
Loans / Shares34.77%31.04%27.17%26.25%25.27%-950 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps