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Linn - Co.

Lebanon, OR · Charter 10779

NCUA · 4 branches

Q4 2023

$157.4MAssets
$129.6MLoans
$138.1MShares
$18.4MNet 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 0.83%, down 77 bps year over year; NIM at 5.99%.
  • Asset quality: problem loans at 1.59% of loans (+82 bps YoY).
  • Capital: net worth / assets of 11.69%, up 87 bps from a year ago.
  • Funding: loans stand at 93.85% of shares as of Q4 2023.

Financial Results

Return on Assets (quarter, annualized)

0.83%-77 bps YoY

Net Interest Margin (quarter, annualized)

5.99%+136 bps YoY

Efficiency Ratio (quarter, annualized)

68.65%-817 bps YoY

Net Worth / Assets

11.69%+87 bps YoY

Discrete quarter, annualized.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets1.61%1.14%1.16%0.89%0.83%-77 bps
Return on Equity14.85%10.51%10.43%7.90%7.14%-771 bps
Net Interest Margin4.63%5.64%5.57%5.75%5.99%+136 bps
Efficiency Ratio76.82%72.78%71.52%69.94%68.65%-817 bps
Growth
Asset Growth (YoY)-0.83%-2.51%1.55%-1.35%-1.19%-36 bps
Loan Growth (YoY)33.81%32.58%26.40%21.46%3.96%-2,985 bps
Share Growth (YoY)-3.26%-4.31%0.36%-2.62%-1.80%+146 bps
Asset Quality
Delinquent Loans / Loans0.78%0.78%0.81%0.87%1.59%+82 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.71%0.00%0.00%0.00%0.00%-71 bps
Capital
Risk-Based Capital10.82%10.81%11.14%11.33%11.69%+87 bps
Net Worth / Assets10.82%10.81%11.14%11.33%11.69%+87 bps
Liquidity & Funding
Loans / Shares88.65%91.94%91.43%92.91%93.85%+520 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps