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America's Choice

Redwood City, CA · Charter 68446

NCUA · 1 branch

Q4 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: Q4 2021, the quarter ended December 31, 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

America's Choice

Redwood City, CA · Charter 68446

NCUA · 1 branch

Q4 2021

$37.1MAssets
$13.9MLoans
$34.5MShares
$2.4MNet Worth

Executive Summary

  • Earnings: ROA of -0.47%, up 10 bps year over year; NIM at 2.20%.
  • Asset quality: problem loans at 1.55% of loans (+2 bps YoY).
  • Capital: net worth / assets of 6.42%, down 107 bps from a year ago.
  • Funding: loans stand at 40.35% of shares as of Q4 2021.

Return on Assets (YTD, annualized)

-0.47%+10 bps YoY

Net Interest Margin (YTD, annualized)

2.20%-85 bps YoY

Efficiency Ratio (YTD, annualized)

109.19%+293 bps YoY

Net Worth / Assets

6.42%-107 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2020Q2 2020Q3 2020Q4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets-0.59%-0.33%-0.39%-0.57%-0.71%-0.73%-0.76%-0.47%+10 bps
Return on Equity-7.22%-4.63%-5.61%-7.59%-10.38%-10.52%-12.17%-7.36%+24 bps
Net Interest Margin3.26%2.81%2.80%3.05%2.53%2.54%2.29%2.20%-85 bps
Efficiency Ratio110.02%104.11%103.93%106.27%118.28%119.81%122.93%109.19%+293 bps
Growth
Asset Growth (YoY)1.74%20.51%19.83%6.53%9.24%-8.03%-0.68%8.64%+211 bps
Loan Growth (YoY)0.53%4.96%4.43%4.99%-12.19%-18.69%-25.64%-35.24%-4,023 bps
Share Growth (YoY)3.23%24.03%22.96%8.05%9.64%-7.91%-0.07%9.54%+149 bps
Asset Quality
Delinquent Loans / Loans0.89%1.03%0.95%1.53%1.36%1.95%1.53%1.55%+2 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.39%0.44%0.45%0.56%0.51%0.58%0.67%0.69%+13 bps
Capital
Risk-Based Capital8.11%7.03%6.99%7.49%6.85%6.91%6.25%6.42%-107 bps
Net Worth / Assets8.11%7.03%6.99%7.49%6.85%6.91%6.25%6.42%-107 bps
Liquidity & Funding
Loans / Shares71.21%62.02%61.68%68.25%57.03%54.76%45.89%40.35%-2,790 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps