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Rediform Niagara Falls NY

Niagara Falls, NY · Charter 1317

NCUA · 1 branch

Q2 2024

$11.0MAssets
$8.3MLoans
$9.2MShares
$1.7MNet 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 0.02%, down 20 bps year over year; NIM at 4.37%.
  • Asset quality: problem loans at 0.39% of loans (+1 bps YoY).
  • Capital: net worth / assets of 15.81%, up 97 bps from a year ago.
  • Funding: loans stand at 90.43% of shares as of Q2 2024.

Financial Results

Return on Assets (quarter, annualized)

0.02%-20 bps YoY

Net Interest Margin (quarter, annualized)

4.37%+52 bps YoY

Efficiency Ratio (quarter, annualized)

93.23%-212 bps YoY

Net Worth / Assets

15.81%+97 bps YoY

Discrete quarter, annualized.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024YoY ΔTrend
Earnings
Return on Assets0.21%0.21%0.22%-0.90%0.02%-20 bps
Return on Equity1.45%1.35%1.42%-5.92%0.12%-132 bps
Net Interest Margin3.85%4.06%4.14%4.11%4.37%+52 bps
Efficiency Ratio95.35%95.63%95.43%105.85%93.23%-212 bps
Growth
Asset Growth (YoY)-7.67%-8.85%-7.09%-9.95%-5.39%+228 bps
Loan Growth (YoY)9.14%6.59%7.55%2.27%4.28%-486 bps
Share Growth (YoY)-8.22%-9.54%-8.32%-11.51%-6.40%+182 bps
Asset Quality
Delinquent Loans / Loans0.38%1.09%0.88%0.40%0.39%+1 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 Capital14.84%15.58%15.77%15.18%15.81%+97 bps
Net Worth / Assets14.84%15.58%15.77%15.18%15.81%+97 bps
Liquidity & Funding
Loans / Shares81.17%86.49%90.24%86.14%90.43%+926 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps