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Artmet

Waltham, MA · Charter 7891

NCUA · 1 branch

Q3 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: Q3 2021, the quarter ended September 30, 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

Artmet

Waltham, MA · Charter 7891

NCUA · 1 branch

Q3 2021

$339KAssets
$91KLoans
$297KShares
$41KNet 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 -6.99%, down 574 bps year over year; NIM at -3.58%.
  • Asset quality: problem loans at 0.29% of loans (-917 bps YoY).
  • Capital: net worth / assets of 12.04%, down 285 bps from a year ago.
  • Funding: loans stand at 30.53% of shares as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

-6.99%-574 bps YoY

Net Interest Margin (YTD, annualized)

-3.58%-529 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

12.04%-285 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets-1.25%-1.15%-0.88%-2.75%-6.99%-574 bps
Return on Equity-8.38%-8.04%-6.38%-22.30%-58.04%-4,966 bps
Net Interest Margin1.71%1.53%0.86%1.16%-3.58%-529 bps
Efficiency Ratio173.02%175.08%202%336%n/an/a
Growth
Asset Growth (YoY)-3.82%1.49%3.13%-16.63%-15.96%-1,214 bps
Loan Growth (YoY)-44.91%-42.23%-53.20%-34.80%-24.57%+2,035 bps
Share Growth (YoY)-4.30%3.38%5.63%-14.32%-13.18%-887 bps
Asset Quality
Delinquent Loans / Loans9.46%17.55%12.99%5.49%0.29%-917 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans6.87%6.49%9.44%7.78%9.11%+224 bps
Capital
Risk-Based Capital14.88%14.33%13.77%12.34%12.04%-285 bps
Net Worth / Assets14.88%14.33%13.77%12.34%12.04%-285 bps
Liquidity & Funding
Loans / Shares35.14%36.19%24.08%35.41%30.53%-461 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps