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Lexington Avenue

Rochester, NY · Charter 12833

NCUA · 2 branches

Q1 2024

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 2024, the quarter ended March 31, 2024, 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

Lexington Avenue

Rochester, NY · Charter 12833

NCUA · 2 branches

Q1 2024

$19.1MAssets
$16.8MLoans
$17.9MShares
$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 -2.15%, down 116 bps year over year; NIM at 2.46%.
  • Asset quality: problem loans at 2.05% of loans (+151 bps YoY).
  • Capital: net worth / assets of 5.78%, down 64 bps from a year ago.
  • Funding: loans stand at 93.70% of shares as of Q1 2024.

Financial Results

Return on Assets (YTD, annualized)

-2.15%-116 bps YoY

Net Interest Margin (YTD, annualized)

2.46%+20 bps YoY

Efficiency Ratio (YTD, annualized)

167.60%+3,804 bps YoY

Net Worth / Assets

5.78%-64 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets-0.99%-1.26%-1.59%-1.72%-2.15%-116 bps
Return on Equity-15.42%-19.50%-26.82%-28.64%-37.16%-2,173 bps
Net Interest Margin2.26%2.41%2.34%2.48%2.46%+20 bps
Efficiency Ratio129.56%133.31%146.93%149.06%167.60%+3,804 bps
Growth
Asset Growth (YoY)-12.21%-15.73%-15.26%-18.81%-17.96%-575 bps
Loan Growth (YoY)-5.65%-18.23%-22.60%-23.07%-23.85%-1,819 bps
Share Growth (YoY)-8.27%-7.53%-5.06%-11.05%-14.74%-647 bps
Asset Quality
Delinquent Loans / Loans0.54%0.43%0.29%1.75%2.05%+151 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 Capital6.42%6.45%5.92%6.01%5.78%-64 bps
Net Worth / Assets6.42%6.45%5.92%6.01%5.78%-64 bps
Liquidity & Funding
Loans / Shares104.91%100.72%93.30%96.18%93.70%-1,121 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%99.78%+9,978 bps