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Wor Co.

Pocomoke City, MD · Charter 9603

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

Wor Co.

Pocomoke City, MD · Charter 9603

NCUA · 1 branch

Q4 2021

$2.6MAssets
$393KLoans
$2.3MShares
$240KNet 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 -0.68%, down 30 bps year over year; NIM at 1.81%.
  • Asset quality: problem loans at 0.65% of loans (-96 bps YoY).
  • Capital: net worth / assets of 9.20%, down 67 bps from a year ago.
  • Funding: loans stand at 17.28% of shares as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

-0.68%-30 bps YoY

Net Interest Margin (YTD, annualized)

1.81%-74 bps YoY

Efficiency Ratio (YTD, annualized)

135.73%+2,153 bps YoY

Net Worth / Assets

9.20%-67 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets-0.38%-0.59%-0.55%-0.51%-0.68%-30 bps
Return on Equity-3.87%-6.63%-6.03%-5.60%-7.41%-354 bps
Net Interest Margin2.56%1.90%1.91%1.87%1.81%-74 bps
Efficiency Ratio114.21%129.99%127.70%126.18%135.73%+2,153 bps
Growth
Asset Growth (YoY)14.90%23.98%9.98%9.86%-0.12%-1,502 bps
Loan Growth (YoY)-8.61%1.05%4.01%2.25%-7.53%+108 bps
Share Growth (YoY)13.53%26.39%12.11%9.72%0.58%-1,296 bps
Asset Quality
Delinquent Loans / Loans1.61%1.58%1.45%0.38%0.65%-96 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans3.58%3.57%3.77%3.66%3.84%+26 bps
Capital
Risk-Based Capital9.88%8.91%9.15%9.15%9.20%-67 bps
Net Worth / Assets9.88%8.91%9.15%9.15%9.20%-67 bps
Liquidity & Funding
Loans / Shares18.80%16.57%16.18%17.60%17.28%-151 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps