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Workers'

Fitchburg, MA · Charter 66479

NCUA · 17 branches

Q4 2020

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: Q4 2020, the quarter ended December 31, 2020, 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

Workers'

Fitchburg, MA · Charter 66479

NCUA · 17 branches

Q4 2020

$2.0BAssets
$1.3BLoans
$1.4BShares
$206.9MNet 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 0.34%, down 54 bps year over year; NIM at 2.25%.
  • Asset quality: problem loans at 0.97% of loans (+37 bps YoY).
  • Capital: net worth / assets of 10.37%, down 32 bps from a year ago.
  • Funding: loans stand at 94.96% of shares as of Q4 2020.

Financial Results

Return on Assets (YTD, annualized)

0.34%-54 bps YoY

Net Interest Margin (YTD, annualized)

2.25%-16 bps YoY

Efficiency Ratio (YTD, annualized)

77.96%+313 bps YoY

Net Worth / Assets

10.37%-32 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2019Q1 2020Q2 2020Q3 2020Q4 2020YoY ΔTrend
Earnings
Return on Assets0.88%0.75%0.37%0.39%0.34%-54 bps
Return on Equity8.25%6.89%3.58%3.69%3.33%-492 bps
Net Interest Margin2.41%2.26%2.18%2.28%2.25%-16 bps
Efficiency Ratio74.83%73.76%78.47%78.76%77.96%+313 bps
Growth
Asset Growth (YoY)4.09%3.12%6.83%5.06%6.66%+256 bps
Loan Growth (YoY)2.56%0.12%-0.29%0.09%-2.23%-479 bps
Share Growth (YoY)4.68%3.89%12.16%11.64%14.93%+1,025 bps
Asset Quality
Delinquent Loans / Loans0.60%1.47%1.10%0.81%0.97%+37 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.26%0.29%0.31%0.34%0.40%+14 bps
Capital
Risk-Based Capital10.69%10.83%10.45%10.66%10.37%-32 bps
Net Worth / Assets10.69%10.83%10.45%10.66%10.37%-32 bps
Liquidity & Funding
Loans / Shares111.63%108.03%100.57%100.96%94.96%-1,667 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps