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IBEW 116

Fort Worth, TX · Charter 19393

NCUA · 1 branch

Q2 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: Q2 2023, the quarter ended June 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

IBEW 116

Fort Worth, TX · Charter 19393

NCUA · 1 branch

Q2 2023

$3.1MAssets
$723KLoans
$2.9MShares
$203KNet 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 -1.75%, down 23 bps year over year; NIM at 3.15%.
  • Asset quality: problem loans at 0.29% of loans (-45 bps YoY).
  • Capital: net worth / assets of 6.48%, down 69 bps from a year ago.
  • Funding: loans stand at 24.78% of shares as of Q2 2023.

Financial Results

Return on Assets (YTD, annualized)

-1.75%-23 bps YoY

Net Interest Margin (YTD, annualized)

3.15%+49 bps YoY

Efficiency Ratio (YTD, annualized)

139.53%+1,555 bps YoY

Net Worth / Assets

6.48%-69 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2022Q3 2022Q4 2022Q1 2023Q2 2023YoY ΔTrend
Earnings
Return on Assets-1.52%-1.51%-1.34%-1.48%-1.75%-23 bps
Return on Equity-21.23%-22.50%-20.45%-23.60%-26.99%-576 bps
Net Interest Margin2.67%2.64%2.77%3.01%3.15%+49 bps
Efficiency Ratio123.98%126.44%124.11%134.37%139.53%+1,555 bps
Growth
Asset Growth (YoY)-18.97%-11.14%-7.25%-5.45%-10.50%+848 bps
Loan Growth (YoY)-27.36%-28.29%-32.36%-35.16%-35.38%-802 bps
Share Growth (YoY)-19.38%-10.11%-5.86%-4.36%-9.98%+940 bps
Asset Quality
Delinquent Loans / Loans0.73%0.40%0.32%1.16%0.29%-45 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.68%0.14%0.23%0.17%0.06%-62 bps
Capital
Risk-Based Capital7.17%6.70%6.58%6.27%6.48%-69 bps
Net Worth / Assets7.17%6.70%6.58%6.27%6.48%-69 bps
Liquidity & Funding
Loans / Shares34.52%31.33%28.86%25.62%24.78%-974 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps