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Employment Security

Olympia, WA · Charter 68220

NCUA · 1 branch

Q3 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: Q3 2018, the quarter ended September 30, 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 2026-10-11

Employment Security

Olympia, WA · Charter 68220

NCUA · 1 branch

Q3 2018

$38.2MAssets
$26.1MLoans
$32.9MShares
$3.1MNet 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 1.08%, down 198 bps year over year; NIM at 3.78%.
  • Asset quality: problem loans at 0.35% of loans (-8 bps YoY).
  • Capital: net worth / assets of 8.11%, down 17 bps from a year ago.
  • Funding: loans stand at 79.25% of shares as of Q3 2018.

Financial Results

Return on Assets (YTD, annualized)

1.08%-198 bps YoY

Net Interest Margin (YTD, annualized)

3.78%+9 bps YoY

Efficiency Ratio (YTD, annualized)

77.44%+2,395 bps YoY

Net Worth / Assets

8.11%-17 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018YoY ΔTrend
Earnings
Return on Assets3.06%2.48%1.28%1.11%1.08%-198 bps
Return on Equity36.93%29.61%16.04%14.65%13.32%-2,361 bps
Net Interest Margin3.69%3.74%3.82%3.66%3.78%+9 bps
Efficiency Ratio53.49%58.96%74.37%75.99%77.44%+2,395 bps
Growth
Asset Growth (YoY)11.45%10.38%11.54%22.16%16.51%+506 bps
Loan Growth (YoY)21.04%28.63%37.49%48.88%-2.79%-2,383 bps
Share Growth (YoY)9.29%4.91%6.80%17.53%11.16%+187 bps
Asset Quality
Delinquent Loans / Loans0.43%0.16%0.09%0.09%0.35%-8 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.54%0.43%0.34%0.30%0.42%-11 bps
Capital
Risk-Based Capital8.27%8.39%7.99%7.56%8.11%-17 bps
Net Worth / Assets8.27%8.39%7.99%7.56%8.11%-17 bps
Liquidity & Funding
Loans / Shares90.62%100.13%101.06%106.96%79.25%-1,137 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps