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F L A G

Tallahassee, FL · Charter 68461

NCUA · 1 branch

Q1 2022

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 2022, the quarter ended March 31, 2022, 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

F L A G

Tallahassee, FL · Charter 68461

NCUA · 1 branch

Q1 2022

$58.6MAssets
$35.6MLoans
$50.7MShares
$6.1MNet Worth

Executive Summary

  • Earnings: ROA of 1.50%, up 37 bps year over year; NIM at 3.96%.
  • Asset quality: problem loans at 0.95% of loans (+42 bps YoY).
  • Capital: net worth / assets of 10.43%, up 136 bps from a year ago.
  • Funding: loans stand at 70.14% of shares as of Q1 2022.

Return on Assets (YTD, annualized)

1.50%+37 bps YoY

Net Interest Margin (YTD, annualized)

3.96%-3 bps YoY

Efficiency Ratio (YTD, annualized)

78.27%+606 bps YoY

Net Worth / Assets

10.43%+136 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2020Q3 2020Q4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022YoY ΔTrend
Earnings
Return on Assets0.74%0.79%0.93%1.13%1.24%2.27%2.04%1.50%+37 bps
Return on Equity7.46%8.27%9.76%12.46%13.29%23.21%19.95%14.39%+193 bps
Net Interest Margin4.41%4.23%4.14%3.99%4.08%3.87%3.98%3.96%-3 bps
Efficiency Ratio74.72%73.36%71.69%72.21%71.93%59.01%62.54%78.27%+606 bps
Growth
Asset Growth (YoY)12.46%16.48%25.47%30.08%20.70%22.68%16.08%9.13%-2,094 bps
Loan Growth (YoY)15.17%9.87%10.45%12.81%12.29%10.77%6.15%4.00%-881 bps
Share Growth (YoY)13.38%18.35%25.52%31.77%21.13%18.88%13.48%4.60%-2,718 bps
Asset Quality
Delinquent Loans / Loans0.72%0.65%1.02%0.53%0.51%0.53%0.55%0.95%+42 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans1.40%1.50%1.49%1.41%1.35%1.41%1.32%1.28%-13 bps
Capital
Risk-Based Capital9.89%9.55%9.49%9.07%9.37%9.80%10.22%10.43%+136 bps
Net Worth / Assets9.89%9.55%9.49%9.07%9.37%9.80%10.22%10.43%+136 bps
Liquidity & Funding
Loans / Shares77.61%75.24%75.45%70.54%71.94%70.11%70.58%70.14%-40 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps