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Kel-Co

Cumberland, MD · Charter 9965

NCUA · 1 branch

Q1 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: Q1 2021, the quarter ended March 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

Kel-Co

Cumberland, MD · Charter 9965

NCUA · 1 branch

Q1 2021

$51.6MAssets
$17.8MLoans
$44.8MShares
$7.4MNet 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 -1.97%, down 246 bps year over year; NIM at 1.97%.
  • Asset quality: problem loans at 0.34% of loans (-34 bps YoY).
  • Capital: net worth / assets of 14.39%, down 165 bps from a year ago.
  • Funding: loans stand at 39.82% of shares as of Q1 2021.

Financial Results

Return on Assets (YTD, annualized)

-1.97%-246 bps YoY

Net Interest Margin (YTD, annualized)

1.97%-79 bps YoY

Efficiency Ratio (YTD, annualized)

185.05%+10,026 bps YoY

Net Worth / Assets

14.39%-165 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2020Q2 2020Q3 2020Q4 2020Q1 2021YoY ΔTrend
Earnings
Return on Assets0.49%0.37%0.31%0.10%-1.97%-246 bps
Return on Equity3.04%2.43%2.00%0.66%-13.71%-1,675 bps
Net Interest Margin2.76%2.54%2.51%2.47%1.97%-79 bps
Efficiency Ratio84.79%87.26%89.32%96.47%185.05%+10,026 bps
Growth
Asset Growth (YoY)-3.16%3.33%5.88%4.71%7.69%+1,085 bps
Loan Growth (YoY)-3.71%-6.16%-7.44%-8.64%-12.75%-905 bps
Share Growth (YoY)-4.28%3.47%6.68%5.74%9.90%+1,417 bps
Asset Quality
Delinquent Loans / Loans0.68%0.33%0.31%0.33%0.34%-34 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.88%0.85%0.92%1.02%1.08%+20 bps
Capital
Risk-Based Capital16.05%15.27%15.35%15.34%14.39%-165 bps
Net Worth / Assets16.05%15.27%15.35%15.34%14.39%-165 bps
Liquidity & Funding
Loans / Shares50.16%46.36%45.10%43.93%39.82%-1,034 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps