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Pasadena Schools

Pasadena, CA · Charter 1368

NCUA · 3 branches

Q4 2023

$155.3MAssets
$79.2MLoans
$138.8MShares
$16.1MNet 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 1.19%, up 55 bps year over year; NIM at 3.32%.
  • Asset quality: problem loans at 0.86% of loans (+39 bps YoY).
  • Capital: net worth / assets of 10.37%, up 106 bps from a year ago.
  • Funding: loans stand at 57.05% of shares as of Q4 2023.

Financial Results

Return on Assets (quarter, annualized)

1.19%+55 bps YoY

Net Interest Margin (quarter, annualized)

3.32%+60 bps YoY

Efficiency Ratio (quarter, annualized)

69.34%-1,085 bps YoY

Net Worth / Assets

10.37%+106 bps YoY

Discrete quarter, annualized.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets0.64%0.95%0.98%1.30%1.19%+55 bps
Return on Equity6.87%10.04%10.19%12.79%11.50%+463 bps
Net Interest Margin2.73%3.07%3.11%3.22%3.32%+60 bps
Efficiency Ratio80.19%71.98%73.32%68.52%69.34%-1,085 bps
Growth
Asset Growth (YoY)-11.59%-7.60%-4.96%-1.13%1.08%+1,267 bps
Loan Growth (YoY)15.77%13.47%4.95%-2.13%-1.30%-1,707 bps
Share Growth (YoY)-3.92%-9.18%-4.75%-2.27%-0.28%+364 bps
Asset Quality
Delinquent Loans / Loans0.48%0.35%0.32%0.89%0.86%+39 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.65%0.00%0.00%0.00%0.00%-65 bps
Capital
Risk-Based Capital9.31%9.45%9.63%10.14%10.37%+106 bps
Net Worth / Assets9.31%9.45%9.63%10.14%10.37%+106 bps
Liquidity & Funding
Loans / Shares57.64%57.62%54.79%55.93%57.05%-59 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps