PackageTrendsPeer
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Acushnet

Acushnet, MA · Charter 13814

NCUA · 1 branch

Q4 2023

$28.5MAssets
$7.8MLoans
$26.7MShares
$2.0MNet 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 0.60%, up 106 bps year over year; NIM at 2.14%.
  • Asset quality: problem loans at 0.00% of loans (-7 bps YoY).
  • Capital: net worth / assets of 6.95%, up 109 bps from a year ago.
  • Funding: loans stand at 29.13% of shares as of Q4 2023.

Financial Results

Return on Assets (YTD, annualized)

0.60%+106 bps YoY

Net Interest Margin (YTD, annualized)

2.14%+75 bps YoY

Efficiency Ratio (YTD, annualized)

78.43%-4,662 bps YoY

Net Worth / Assets

6.95%+109 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets-0.47%0.05%0.07%0.70%0.60%+106 bps
Return on Equity-7.95%0.85%1.07%10.08%8.60%+1,655 bps
Net Interest Margin1.39%1.68%1.80%2.09%2.14%+75 bps
Efficiency Ratio125.04%97.80%97.29%74.80%78.43%-4,662 bps
Growth
Asset Growth (YoY)0.16%-4.03%-7.13%-9.68%-7.69%-785 bps
Loan Growth (YoY)-2.98%0.16%-7.21%-5.42%-8.34%-536 bps
Share Growth (YoY)1.12%-3.54%-6.85%-10.75%-8.70%-982 bps
Asset Quality
Delinquent Loans / Loans0.07%0.03%0.06%0.06%0.00%-7 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.33%0.00%0.00%0.00%0.00%-33 bps
Capital
Risk-Based Capital5.87%5.86%6.15%6.91%6.95%+109 bps
Net Worth / Assets5.87%5.86%6.15%6.91%6.95%+109 bps
Liquidity & Funding
Loans / Shares29.01%28.16%27.69%29.96%29.13%+11 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps