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Gloucester Fire Department

Gloucester, MA · Charter 67905

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

Gloucester Fire Department

Gloucester, MA · Charter 67905

NCUA · 1 branch

Q3 2021

$663KAssets
$331KLoans
$451KShares
$208KNet 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 -0.92%, down 139 bps year over year; NIM at 3.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 31.34%, down 156 bps from a year ago.
  • Funding: loans stand at 73.38% of shares as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

-0.92%-139 bps YoY

Net Interest Margin (YTD, annualized)

3.92%-80 bps YoY

Efficiency Ratio (YTD, annualized)

119.59%+2,756 bps YoY

Net Worth / Assets

31.34%-156 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets0.47%0.18%-0.49%-0.93%-0.92%-139 bps
Return on Equity1.42%0.55%-1.63%-3.22%-2.93%-435 bps
Net Interest Margin4.72%4.59%3.82%3.61%3.92%-80 bps
Efficiency Ratio92.03%97.49%110.66%119.17%119.59%+2,756 bps
Growth
Asset Growth (YoY)14.46%14.99%19.72%16.23%2.19%-1,227 bps
Loan Growth (YoY)-23.94%-17.50%-7.93%27.87%29.48%+5,342 bps
Share Growth (YoY)21.64%23.43%33.61%26.11%4.61%-1,702 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.99%0.99%0.99%0.99%1.00%+1 bps
Capital
Risk-Based Capital32.90%32.41%30.44%29.00%31.34%-156 bps
Net Worth / Assets32.90%32.41%30.44%29.00%31.34%-156 bps
Liquidity & Funding
Loans / Shares59.29%58.47%56.72%67.65%73.38%+1,409 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps