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Gorton's of Gloucester Employees

Gloucester, MA · Charter 843

NCUA · 1 branch

Q1 2018

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: Q1 2018, the quarter ended March 31, 2018, 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 2026-10-10

Gorton's of Gloucester Employees

Gloucester, MA · Charter 843

NCUA · 1 branch

Q1 2018

$806KAssets
$330KLoans
$623KShares
$181KNet 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 -1.13%, down 51 bps year over year; NIM at 4.15%.
  • Asset quality: problem loans at 1.91% of loans (+135 bps YoY).
  • Capital: net worth / assets of 22.41%, up 262 bps from a year ago.
  • Funding: loans stand at 53.03% of shares as of Q1 2018.

Financial Results

Return on Assets (YTD, annualized)

-1.13%-51 bps YoY

Net Interest Margin (YTD, annualized)

4.15%-36 bps YoY

Efficiency Ratio (YTD, annualized)

127.10%+1,907 bps YoY

Net Worth / Assets

22.41%+262 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018YoY ΔTrend
Earnings
Return on Assets-0.62%-0.53%-0.26%-0.47%-1.13%-51 bps
Return on Equity-3.13%-2.70%-1.33%-2.13%-5.04%-191 bps
Net Interest Margin4.51%4.44%4.24%4.68%4.15%-36 bps
Efficiency Ratio108.03%106.20%100.15%103.84%127.10%+1,907 bps
Growth
Asset Growth (YoY)-11.19%-11.44%-8.66%-11.44%-13.93%-275 bps
Loan Growth (YoY)-23.92%-26.14%-27.85%-28.72%-29.72%-580 bps
Share Growth (YoY)-13.41%-13.52%-10.11%-13.64%-16.67%-326 bps
Asset Quality
Delinquent Loans / Loans0.56%0.63%1.63%1.64%1.91%+135 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.90%1.15%1.48%0.93%1.01%+11 bps
Capital
Risk-Based Capital19.79%19.65%19.71%22.16%22.41%+262 bps
Net Worth / Assets19.79%19.65%19.71%22.16%22.41%+262 bps
Liquidity & Funding
Loans / Shares62.87%55.94%48.89%56.23%53.03%-984 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps