PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Louisiana

Laplace, LA · Charter 174

NCUA · 6 branches

Q1 2024

$409.2MAssets
$317.4MLoans
$353.3MShares
$54.7MNet 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 -0.06%, down 78 bps year over year; NIM at 4.44%.
  • Asset quality: problem loans at 2.01% of loans (+65 bps YoY).
  • Capital: net worth / assets of 13.37%, up 50 bps from a year ago.
  • Funding: loans stand at 89.84% of shares as of Q1 2024.

Financial Results

Return on Assets (YTD, annualized)

-0.06%-78 bps YoY

Net Interest Margin (YTD, annualized)

4.44%+19 bps YoY

Efficiency Ratio (YTD, annualized)

80.35%+859 bps YoY

Net Worth / Assets

13.37%+50 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets0.72%0.93%0.67%0.54%-0.06%-78 bps
Return on Equity5.58%6.98%4.87%3.90%-0.44%-602 bps
Net Interest Margin4.25%4.32%4.45%4.53%4.44%+19 bps
Efficiency Ratio71.76%70.16%72.02%72.67%80.35%+859 bps
Growth
Asset Growth (YoY)-14.75%-11.79%-7.78%-5.34%-2.89%+1,187 bps
Loan Growth (YoY)6.99%8.47%1.62%5.34%4.72%-227 bps
Share Growth (YoY)-16.74%-13.83%-9.30%-6.95%-3.27%+1,348 bps
Asset Quality
Delinquent Loans / Loans1.36%1.26%1.46%2.08%2.01%+65 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 Capital12.87%13.35%13.74%13.79%13.37%+50 bps
Net Worth / Assets12.87%13.35%13.74%13.79%13.37%+50 bps
Liquidity & Funding
Loans / Shares82.99%87.47%90.27%95.25%89.84%+685 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps