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Forrest County Teachers

Hattiesburg, MS · Charter 14193

NCUA · 1 branch

Q1 2024

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 2024, the quarter ended March 31, 2024, 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

Forrest County Teachers

Hattiesburg, MS · Charter 14193

NCUA · 1 branch

Q1 2024

$191KAssets
$152KLoans
$183KShares
$9KNet 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 -4.74%, up 46 bps year over year; NIM at 8.18%.
  • Asset quality: problem loans at 3.94% of loans (+359 bps YoY).
  • Capital: net worth / assets of 4.84%, down 118 bps from a year ago.
  • Funding: loans stand at 83.29% of shares as of Q1 2024.

Financial Results

Return on Assets (YTD, annualized)

-4.74%+46 bps YoY

Net Interest Margin (YTD, annualized)

8.18%-176 bps YoY

Efficiency Ratio (YTD, annualized)

136.41%+3,459 bps YoY

Net Worth / Assets

4.84%-118 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets-5.20%-2.61%-1.27%-1.70%-4.74%+46 bps
Return on Equity-86.34%-42.89%-19.00%-29.30%-97.93%-1,159 bps
Net Interest Margin9.94%8.98%8.91%8.39%8.18%-176 bps
Efficiency Ratio101.82%101.57%115.15%119.54%136.41%+3,459 bps
Growth
Asset Growth (YoY)-15.52%-10.95%-8.58%-6.55%-6.05%+947 bps
Loan Growth (YoY)22.03%-13.13%-10.81%-4.41%1.06%-2,097 bps
Share Growth (YoY)-15.08%-9.36%-7.50%-5.30%-3.46%+1,163 bps
Asset Quality
Delinquent Loans / Loans0.36%0.14%1.37%3.83%3.94%+359 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.53%1.64%0.99%0.66%0.81%-72 bps
Capital
Risk-Based Capital6.02%6.09%6.71%5.81%4.84%-118 bps
Net Worth / Assets6.02%6.09%6.71%5.81%4.84%-118 bps
Liquidity & Funding
Loans / Shares79.56%81.11%84.77%86.32%83.29%+373 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps