PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Central Coast

Marina, CA · Charter 14455

NCUA · 4 branches

Q1 2024

$172.1MAssets
$105.7MLoans
$166.4MShares
$11.8MNet 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 -2.31%, down 212 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 0.98% of loans (+25 bps YoY).
  • Capital: net worth / assets of 6.83%, down 24 bps from a year ago.
  • Funding: loans stand at 63.51% of shares as of Q1 2024.

Financial Results

Return on Assets (YTD, annualized)

-2.31%-212 bps YoY

Net Interest Margin (YTD, annualized)

3.58%+86 bps YoY

Efficiency Ratio (YTD, annualized)

147.01%+4,455 bps YoY

Net Worth / Assets

6.83%-24 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets-0.19%-0.16%-0.17%-0.22%-2.31%-212 bps
Return on Equity-2.65%-2.09%-2.27%-3.02%-33.84%-3,119 bps
Net Interest Margin2.72%3.09%3.14%3.30%3.58%+86 bps
Efficiency Ratio102.45%101.85%101.44%102.50%147.01%+4,455 bps
Growth
Asset Growth (YoY)1.55%-4.04%-3.22%-7.20%-8.00%-954 bps
Loan Growth (YoY)28.83%17.97%10.47%3.00%0.65%-2,818 bps
Share Growth (YoY)-2.75%-2.90%-1.30%0.58%-0.39%+236 bps
Asset Quality
Delinquent Loans / Loans0.73%0.97%1.12%1.49%0.98%+25 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 Capital7.07%7.56%7.38%7.35%6.83%-24 bps
Net Worth / Assets7.07%7.56%7.38%7.35%6.83%-24 bps
Liquidity & Funding
Loans / Shares62.86%63.27%62.04%63.76%63.51%+66 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps