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Perfect Circle

Hagerstown, IN · Charter 82792

NCUA · 3 branches

Q3 2020

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 2020, the quarter ended September 30, 2020, 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

Perfect Circle

Hagerstown, IN · Charter 82792

NCUA · 3 branches

Q3 2020

$60.2MAssets
$29.0MLoans
$53.4MShares
$6.2MNet 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 0.33%, down 6 bps year over year; NIM at 3.23%.
  • Asset quality: problem loans at 0.89% of loans (-52 bps YoY).
  • Capital: net worth / assets of 10.34%, down 98 bps from a year ago.
  • Funding: loans stand at 54.27% of shares as of Q3 2020.

Financial Results

Return on Assets (YTD, annualized)

0.33%-6 bps YoY

Net Interest Margin (YTD, annualized)

3.23%-45 bps YoY

Efficiency Ratio (YTD, annualized)

90.01%+93 bps YoY

Net Worth / Assets

10.34%-98 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2019Q4 2019Q1 2020Q2 2020Q3 2020YoY ΔTrend
Earnings
Return on Assets0.39%0.47%0.41%0.18%0.33%-6 bps
Return on Equity3.43%4.09%3.63%1.78%3.18%-24 bps
Net Interest Margin3.68%3.69%3.58%3.28%3.23%-45 bps
Efficiency Ratio89.08%87.60%89.83%93.36%90.01%+93 bps
Growth
Asset Growth (YoY)-0.38%-1.16%-0.83%9.71%13.93%+1,431 bps
Loan Growth (YoY)-2.02%-1.72%-0.71%-0.65%-3.78%-175 bps
Share Growth (YoY)-2.65%-2.50%-2.43%9.40%15.32%+1,797 bps
Asset Quality
Delinquent Loans / Loans1.41%1.61%1.35%0.97%0.89%-52 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.46%0.45%0.49%0.47%0.46%0 bps
Capital
Risk-Based Capital11.32%11.46%11.24%10.34%10.34%-98 bps
Net Worth / Assets11.32%11.46%11.24%10.34%10.34%-98 bps
Liquidity & Funding
Loans / Shares65.04%64.59%62.09%55.81%54.27%-1,077 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps