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Porter

Denver, CO · Charter 15435

NCUA · 1 branch

Q3 2023

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: Q3 2023, the quarter ended September 30, 2023, 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

Porter

Denver, CO · Charter 15435

NCUA · 1 branch

Q3 2023

$22.1MAssets
$3.1MLoans
$18.1MShares
$4.0MNet 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 1.18%, up 150 bps year over year; NIM at 3.12%.
  • Asset quality: problem loans at 0.20% of loans (+10 bps YoY).
  • Capital: net worth / assets of 17.89%, up 263 bps from a year ago.
  • Funding: loans stand at 17.15% of shares as of Q3 2023.

Financial Results

Return on Assets (YTD, annualized)

1.18%+150 bps YoY

Net Interest Margin (YTD, annualized)

3.12%+188 bps YoY

Efficiency Ratio (YTD, annualized)

66.35%-5,315 bps YoY

Net Worth / Assets

17.89%+263 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets-0.32%-0.02%0.85%0.93%1.18%+150 bps
Return on Equity-2.10%-0.10%5.29%5.39%6.62%+872 bps
Net Interest Margin1.25%1.38%2.58%2.85%3.12%+188 bps
Efficiency Ratio119.50%100.87%71.14%71.55%66.35%-5,315 bps
Growth
Asset Growth (YoY)-6.75%-0.37%-7.46%-7.99%-10.01%-325 bps
Loan Growth (YoY)35.81%-16.15%-18.05%-21.58%-22.60%-5,842 bps
Share Growth (YoY)-7.52%-0.28%-8.90%-10.06%-12.80%-528 bps
Asset Quality
Delinquent Loans / Loans0.10%0.07%0.02%0.00%0.20%+10 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.58%0.58%0.61%0.67%0.73%+14 bps
Capital
Risk-Based Capital15.25%15.20%16.14%17.25%17.89%+263 bps
Net Worth / Assets15.25%15.20%16.14%17.25%17.89%+263 bps
Liquidity & Funding
Loans / Shares19.32%19.00%18.64%18.30%17.15%-217 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps