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Wanigas

Saginaw, MI · Charter 68578

NCUA · 4 branches

Q2 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: Q2 2022, the quarter ended June 30, 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

Wanigas

Saginaw, MI · Charter 68578

NCUA · 4 branches

Q2 2022

$415.3MAssets
$241.7MLoans
$360.7MShares
$58.6MNet Worth

Executive Summary

  • Earnings: ROA of 0.85%, down 10 bps year over year; NIM at 2.85%.
  • Asset quality: problem loans at 0.45% of loans (+17 bps YoY).
  • Capital: net worth / assets of 14.10%, up 87 bps from a year ago.
  • Funding: loans stand at 67.00% of shares as of Q2 2022.

Return on Assets (YTD, annualized)

0.85%-10 bps YoY

Net Interest Margin (YTD, annualized)

2.85%+7 bps YoY

Efficiency Ratio (YTD, annualized)

78.23%+184 bps YoY

Net Worth / Assets

14.10%+87 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022YoY ΔTrend
Earnings
Return on Assets0.74%0.85%0.98%0.94%0.97%0.94%0.82%0.85%-10 bps
Return on Equity5.47%6.27%7.53%7.14%7.16%6.89%5.95%6.00%-114 bps
Net Interest Margin3.12%3.06%2.77%2.78%2.81%2.81%2.81%2.85%+7 bps
Efficiency Ratio74.35%72.62%74.21%76.39%76.07%76.47%78.04%78.23%+184 bps
Growth
Asset Growth (YoY)13.41%15.00%17.49%10.02%8.45%6.52%1.42%0.15%-987 bps
Loan Growth (YoY)10.34%7.80%8.12%4.97%3.64%4.26%2.90%1.28%-369 bps
Share Growth (YoY)14.77%16.28%19.98%11.01%8.78%7.21%2.23%1.24%-977 bps
Asset Quality
Delinquent Loans / Loans0.26%0.33%0.22%0.28%0.18%0.36%0.28%0.45%+17 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.91%1.01%1.02%0.97%0.93%0.91%0.90%0.89%-8 bps
Capital
Risk-Based Capital13.57%13.57%13.05%13.22%13.53%13.68%13.77%14.10%+87 bps
Net Worth / Assets13.57%13.57%13.05%13.22%13.53%13.68%13.77%14.10%+87 bps
Liquidity & Funding
Loans / Shares72.65%71.46%66.19%66.97%69.21%69.50%66.63%67.00%+3 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps