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W P S E Credit Union Inc.

Waynesboro, VA · Charter 66936

NCUA · 1 branch

Q1 2018

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: Q1 2018, the quarter ended March 31, 2018, 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 2026-10-10

W P S E Credit Union Inc.

Waynesboro, VA · Charter 66936

NCUA · 1 branch

Q1 2018

$3.5MAssets
$2.1MLoans
$3.2MShares
$250KNet 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 -2.10%, down 248 bps year over year; NIM at 4.80%.
  • Asset quality: problem loans at 6.21% of loans (+244 bps YoY).
  • Capital: net worth / assets of 7.21%, down 234 bps from a year ago.
  • Funding: loans stand at 64.49% of shares as of Q1 2018.

Financial Results

Return on Assets (YTD, annualized)

-2.10%-248 bps YoY

Net Interest Margin (YTD, annualized)

4.80%-26 bps YoY

Efficiency Ratio (YTD, annualized)

142.58%+4,940 bps YoY

Net Worth / Assets

7.21%-234 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018YoY ΔTrend
Earnings
Return on Assets0.38%-0.77%-0.81%-2.55%-2.10%-248 bps
Return on Equity3.93%-7.89%-8.44%-33.55%-29.20%-3,313 bps
Net Interest Margin5.06%5.24%5.11%5.01%4.80%-26 bps
Efficiency Ratio93.18%98.26%101.66%137.47%142.58%+4,940 bps
Growth
Asset Growth (YoY)-4.39%-11.19%-9.86%-6.89%-9.04%-466 bps
Loan Growth (YoY)5.16%7.29%6.71%4.25%-3.07%-823 bps
Share Growth (YoY)-4.49%-11.51%-9.86%-6.75%-6.69%-220 bps
Asset Quality
Delinquent Loans / Loans3.77%7.82%7.26%7.80%6.21%+244 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.74%1.09%1.11%1.12%0.90%+16 bps
Capital
Risk-Based Capital9.55%9.76%9.56%7.61%7.21%-234 bps
Net Worth / Assets9.55%9.76%9.56%7.61%7.21%-234 bps
Liquidity & Funding
Loans / Shares62.09%67.58%68.86%68.44%64.49%+241 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps