PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Laneco

Eugene, OR · Charter 12590

NCUA · 1 branch

Q2 2024

$17.1MAssets
$7.0MLoans
$15.9MShares
$1.1MNet 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 -3.80%, down 417 bps year over year; NIM at 4.05%.
  • Asset quality: problem loans at 0.00% of loans (-5 bps YoY).
  • Capital: net worth / assets of 6.63%, down 92 bps from a year ago.
  • Funding: loans stand at 43.98% of shares as of Q2 2024.

Financial Results

Return on Assets (YTD, annualized)

-3.80%-417 bps YoY

Net Interest Margin (YTD, annualized)

4.05%+124 bps YoY

Efficiency Ratio (YTD, annualized)

181.98%+9,567 bps YoY

Net Worth / Assets

6.63%-92 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024YoY ΔTrend
Earnings
Return on Assets0.38%0.35%0.40%0.76%-3.80%-417 bps
Return on Equity4.98%4.46%4.92%9.19%-57.26%-6,223 bps
Net Interest Margin2.81%2.97%3.13%3.74%4.05%+124 bps
Efficiency Ratio86.31%88.47%88.11%81.82%181.98%+9,567 bps
Growth
Asset Growth (YoY)0.20%-4.73%-4.23%-4.87%-9.24%-944 bps
Loan Growth (YoY)29.59%17.66%7.02%-6.73%-10.81%-4,040 bps
Share Growth (YoY)0.08%-5.37%-4.94%-5.70%-8.33%-841 bps
Asset Quality
Delinquent Loans / Loans0.05%0.00%0.00%0.00%0.00%-5 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital7.55%7.78%8.09%8.23%6.63%-92 bps
Net Worth / Assets7.55%7.78%8.09%8.23%6.63%-92 bps
Liquidity & Funding
Loans / Shares45.21%46.22%45.73%43.73%43.98%-122 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps