PackageTrendsPeer
Letter portraitLegal landscape

Usd

Vermillion, SD · Charter 12983

NCUA · 1 branch

Q1 2023

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 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.

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

Usd

Vermillion, SD · Charter 12983

NCUA · 1 branch

Q1 2023

$28.1MAssets
$12.8MLoans
$25.3MShares
$2.5MNet Worth

Executive Summary

  • Earnings: ROA of -4.22%, down 424 bps year over year; NIM at 3.68%.
  • Asset quality: problem loans at 0.30% of loans (+22 bps YoY).
  • Capital: net worth / assets of 8.96%, down 14 bps from a year ago.
  • Funding: loans stand at 50.63% of shares as of Q1 2023.

Return on Assets (YTD, annualized)

-4.22%-424 bps YoY

Net Interest Margin (YTD, annualized)

3.68%+139 bps YoY

Efficiency Ratio (YTD, annualized)

175.94%+7,639 bps YoY

Net Worth / Assets

8.96%-14 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023YoY ΔTrend
Earnings
Return on Assets1.20%1.23%1.06%0.02%0.49%0.55%0.64%-4.22%-424 bps
Return on Equity12.95%12.88%11.16%0.19%5.25%5.77%6.54%-47.08%-4,727 bps
Net Interest Margin2.21%2.28%2.28%2.29%2.40%2.54%2.67%3.68%+139 bps
Efficiency Ratio74.80%74.09%76.17%99.55%87.75%85.90%84.28%175.94%+7,639 bps
Growth
Asset Growth (YoY)15.04%12.88%6.54%5.51%7.08%6.34%4.74%-2.02%-753 bps
Loan Growth (YoY)11.49%2.50%9.67%13.91%10.03%11.97%6.92%-1.59%-1,549 bps
Share Growth (YoY)16.35%13.63%5.06%5.18%7.21%6.94%4.58%-1.76%-694 bps
Asset Quality
Delinquent Loans / Loans0.01%0.10%0.06%0.08%0.14%0.19%0.83%0.30%+22 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.40%0.41%0.40%0.37%0.31%0.34%0.33%0.34%-3 bps
Capital
Risk-Based Capital9.23%9.52%9.53%9.10%9.32%9.55%9.84%8.96%-14 bps
Net Worth / Assets9.23%9.52%9.53%9.10%9.32%9.55%9.84%8.96%-14 bps
Liquidity & Funding
Loans / Shares50.10%48.65%50.34%50.54%51.42%50.94%51.46%50.63%+9 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps