Hattiesburg, MS · Charter 14193
NCUA · 1 branch
Q1 2024
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Hattiesburg, MS · Charter 14193
NCUA · 1 branch
Q1 2024
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 2.92% | 1.74% | 0.43% | -5.20% | -2.61% | -1.27% | -1.70% | -4.74% | +46 bps | |
| Return on Equity | 38.18% | 22.08% | 6.19% | -86.34% | -42.89% | -19.00% | -29.30% | -97.93% | -1,159 bps | |
| Net Interest Margin | 7.00% | 7.61% | 7.76% | 9.94% | 8.98% | 8.91% | 8.39% | 8.18% | -176 bps | |
| Efficiency Ratio | 100.06% | 103.83% | 100.25% | 101.82% | 101.57% | 115.15% | 119.54% | 136.41% | +3,459 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -7.12% | -11.87% | -10.62% | -15.52% | -10.95% | -8.58% | -6.55% | -6.05% | +947 bps | |
| Loan Growth (YoY) | 44.04% | 46.13% | 35.79% | 22.03% | -13.13% | -10.81% | -4.41% | 1.06% | -2,097 bps | |
| Share Growth (YoY) | -5.81% | -12.49% | -11.49% | -15.08% | -9.36% | -7.50% | -5.30% | -3.46% | +1,163 bps | |
| Asset Quality | ||||||||||
| Delinquent Loans / Loans | 1.93% | 1.95% | 1.60% | 0.36% | 0.14% | 1.37% | 3.83% | 3.94% | +359 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 0.63% | 0.80% | 0.96% | 1.53% | 1.64% | 0.99% | 0.66% | 0.81% | -72 bps | |
| Capital | ||||||||||
| Risk-Based Capital | 7.64% | 7.88% | 7.02% | 6.02% | 6.09% | 6.71% | 5.81% | 4.84% | -118 bps | |
| Net Worth / Assets | 7.64% | 7.88% | 7.02% | 6.02% | 6.09% | 6.71% | 5.81% | 4.84% | -118 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Shares | 84.64% | 87.92% | 85.52% | 79.56% | 81.11% | 84.77% | 86.32% | 83.29% | +373 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |