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First Legacy Community

Charlotte, NC · Charter 68593

NCUA · 3 branches

Q4 2019

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 2019, the quarter ended December 31, 2019, 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

First Legacy Community

Charlotte, NC · Charter 68593

NCUA · 3 branches

Q4 2019

$29.3MAssets
$25.2MLoans
$26.3MShares
$2.8MNet 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 -1.74%, up 165 bps year over year; NIM at 3.26%.
  • Asset quality: problem loans at 1.35% of loans (-178 bps YoY).
  • Capital: net worth / assets of 9.43%, down 34 bps from a year ago.
  • Funding: loans stand at 95.79% of shares as of Q4 2019.

Financial Results

Return on Assets (YTD, annualized)

-1.74%+165 bps YoY

Net Interest Margin (YTD, annualized)

3.26%+105 bps YoY

Efficiency Ratio (YTD, annualized)

155.80%-491 bps YoY

Net Worth / Assets

9.43%-34 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2018Q1 2019Q2 2019Q3 2019Q4 2019YoY ΔTrend
Earnings
Return on Assets-3.39%0.19%-0.75%-1.70%-1.74%+165 bps
Return on Equity-34.68%1.89%-7.11%-17.22%-18.41%+1,627 bps
Net Interest Margin2.21%2.95%3.12%3.36%3.26%+105 bps
Efficiency Ratio160.71%121.30%122.69%136.38%155.80%-491 bps
Growth
Asset Growth (YoY)3.68%-19.66%-22.31%-24.50%-12.46%-1,614 bps
Loan Growth (YoY)-9.36%49.36%52.93%60.00%62.54%+7,190 bps
Share Growth (YoY)8.75%-18.49%-25.71%-28.69%-12.58%-2,133 bps
Asset Quality
Delinquent Loans / Loans3.13%1.07%1.18%1.11%1.35%-178 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans6.15%3.40%3.56%3.50%2.21%-394 bps
Capital
Risk-Based Capital9.77%10.29%10.53%9.85%9.43%-34 bps
Net Worth / Assets9.77%10.29%10.53%9.85%9.43%-34 bps
Liquidity & Funding
Loans / Shares51.52%89.59%95.73%101.14%95.79%+4,427 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps