PackageTrendsPeer
Letter portraitLegal landscape

Independence

Independence, MO · Charter 15509

NCUA · 1 branch

Q1 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: Q1 2023, the quarter ended March 31, 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

Independence

Independence, MO · Charter 15509

NCUA · 1 branch

Q1 2023

$3.2MAssets
$1.6MLoans
$3.0MShares
$222KNet Worth

Executive Summary

  • Earnings: ROA of 0.25%, up 50 bps year over year; NIM at 3.75%.
  • Asset quality: problem loans at 0.05% of loans (+5 bps YoY).
  • Capital: net worth / assets of 6.85%, down 3 bps from a year ago.
  • Funding: loans stand at 52.49% of shares as of Q1 2023.

Return on Assets (YTD, annualized)

0.25%+50 bps YoY

Net Interest Margin (YTD, annualized)

3.75%+90 bps YoY

Efficiency Ratio (YTD, annualized)

94.31%-1,249 bps YoY

Net Worth / Assets

6.85%-3 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023YoY ΔTrend
Earnings
Return on Assets1.63%1.04%0.68%-0.25%-0.37%-0.25%-0.24%0.25%+50 bps
Return on Equity21.99%14.23%9.66%-3.58%-5.36%-3.64%-3.53%3.64%+722 bps
Net Interest Margin3.43%3.33%3.24%2.85%2.96%3.09%3.18%3.75%+90 bps
Efficiency Ratio102.39%102.45%103.76%106.80%109.82%106.33%105.98%94.31%-1,249 bps
Growth
Asset Growth (YoY)8.77%15.86%16.57%3.94%4.03%3.66%0.03%-1.22%-516 bps
Loan Growth (YoY)-0.55%-3.10%-4.40%-2.18%0.28%3.48%7.66%-0.98%+119 bps
Share Growth (YoY)7.95%15.83%17.00%3.86%4.69%4.25%0.31%-1.18%-504 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.24%0.00%0.07%0.05%+5 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.09%0.12%0.49%0.50%0.48%0.42%0.28%0.31%-18 bps
Capital
Risk-Based Capital7.43%7.28%7.05%6.88%6.85%6.76%6.81%6.85%-3 bps
Net Worth / Assets7.43%7.28%7.05%6.88%6.85%6.76%6.81%6.85%-3 bps
Liquidity & Funding
Loans / Shares57.40%55.45%53.69%52.38%54.98%55.04%57.62%52.49%+10 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps