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Bangor Hydro

Bangor, ME · Charter 17472

NCUA · 1 branch

Q2 2024

$26.2MAssets
$22.1MLoans
$24.2MShares
$2.0MNet 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 -0.35%, down 48 bps year over year; NIM at 4.95%.
  • Asset quality: problem loans at 1.41% of loans (+40 bps YoY).
  • Capital: net worth / assets of 7.68%, down 6 bps from a year ago.
  • Funding: loans stand at 91.06% of shares as of Q2 2024.

Financial Results

Return on Assets (quarter, annualized)

-0.35%-48 bps YoY

Net Interest Margin (quarter, annualized)

4.95%-13 bps YoY

Efficiency Ratio (quarter, annualized)

99.26%+129 bps YoY

Net Worth / Assets

7.68%-6 bps YoY

Discrete quarter, annualized.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024YoY ΔTrend
Earnings
Return on Assets0.13%0.13%0.00%-0.49%-0.35%-48 bps
Return on Equity1.65%1.68%0.05%-6.44%-4.53%-618 bps
Net Interest Margin5.08%4.96%4.92%4.68%4.95%-13 bps
Efficiency Ratio97.97%97.89%95.83%106.54%99.26%+129 bps
Growth
Asset Growth (YoY)-8.79%-9.45%-5.13%-2.71%-5.75%+304 bps
Loan Growth (YoY)-1.51%-8.66%-11.12%-11.19%-11.54%-1,002 bps
Share Growth (YoY)-11.07%-9.73%-4.42%-3.12%-6.21%+485 bps
Asset Quality
Delinquent Loans / Loans1.01%2.97%2.38%1.28%1.41%+40 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 Capital7.74%7.73%7.31%7.55%7.68%-6 bps
Net Worth / Assets7.74%7.73%7.31%7.55%7.68%-6 bps
Liquidity & Funding
Loans / Shares96.54%93.94%92.53%88.85%91.06%-548 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps