Vermillion, SD · Charter 12983
NCUA · 1 branch
Q1 2023
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2023, the quarter ended March 31, 2023, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Vermillion, SD · Charter 12983
NCUA · 1 branch
Q1 2023
NIM decomposition not available for credit unions
Non-interest trend not available for credit unions
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.02% | 0.49% | 0.55% | 0.64% | -4.22% | -424 bps | |
| Return on Equity | 0.19% | 5.25% | 5.77% | 6.54% | -47.08% | -4,727 bps | |
| Net Interest Margin | 2.29% | 2.40% | 2.54% | 2.67% | 3.68% | +139 bps | |
| Efficiency Ratio | 99.55% | 87.75% | 85.90% | 84.28% | 175.94% | +7,639 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 5.51% | 7.08% | 6.34% | 4.74% | -2.02% | -753 bps | |
| Loan Growth (YoY) | 13.91% | 10.03% | 11.97% | 6.92% | -1.59% | -1,549 bps | |
| Share Growth (YoY) | 5.18% | 7.21% | 6.94% | 4.58% | -1.76% | -694 bps | |
| Asset Quality | |||||||
| Delinquent Loans / Loans | 0.08% | 0.14% | 0.19% | 0.83% | 0.30% | +22 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 0.37% | 0.31% | 0.34% | 0.33% | 0.34% | -3 bps | |
| Capital | |||||||
| Risk-Based Capital | 9.10% | 9.32% | 9.55% | 9.84% | 8.96% | -14 bps | |
| Net Worth / Assets | 9.10% | 9.32% | 9.55% | 9.84% | 8.96% | -14 bps | |
| Liquidity & Funding | |||||||
| Loans / Shares | 50.54% | 51.42% | 50.94% | 51.46% | 50.63% | +9 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |