PackageTrendsPeer
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Erie Times Employees

Erie, PA · Charter 776

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

Erie Times Employees

Erie, PA · Charter 776

NCUA · 1 branch

Q4 2021

$6.4MAssets
$354KLoans
$5.8MShares
$644KNet 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 -4.51%, down 366 bps year over year; NIM at 0.93%.
  • Asset quality: problem loans at 0.00% of loans (-373 bps YoY).
  • Capital: net worth / assets of 10.00%, down 484 bps from a year ago.
  • Funding: loans stand at 6.14% of shares as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

-4.51%-366 bps YoY

Net Interest Margin (YTD, annualized)

0.93%-136 bps YoY

Efficiency Ratio (YTD, annualized)

333%+20,277 bps YoY

Net Worth / Assets

10.00%-484 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets-0.85%-2.17%-1.75%-2.45%-4.51%-366 bps
Return on Equity-5.72%-18.18%-14.42%-21.18%-45.06%-3,934 bps
Net Interest Margin2.29%1.47%1.67%1.57%0.93%-136 bps
Efficiency Ratio130.04%162.10%158.20%172.20%333%+20,277 bps
Growth
Asset Growth (YoY)8.40%23.38%7.40%10.53%2.26%-613 bps
Loan Growth (YoY)-22.28%-33.22%-26.94%-27.84%-36.97%-1,469 bps
Share Growth (YoY)11.19%29.27%10.36%15.08%7.83%-336 bps
Asset Quality
Delinquent Loans / Loans3.73%0.10%0.95%0.99%0.00%-373 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.92%3.24%3.27%7.82%9.81%+888 bps
Capital
Risk-Based Capital14.84%11.95%12.16%11.55%10.00%-484 bps
Net Worth / Assets14.84%11.95%12.16%11.55%10.00%-484 bps
Liquidity & Funding
Loans / Shares10.51%6.86%7.07%6.89%6.14%-436 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps