Raleigh, NC · Charter 19826
NCUA · 2 branches
Q1 2024
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2024, the quarter ended March 31, 2024, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Raleigh, NC · Charter 19826
NCUA · 2 branches
Q1 2024
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.43% | 0.33% | 0.10% | 0.00% | 0.05% | 0.17% | 0.16% | -0.13% | -13 bps | |
| Return on Equity | 2.06% | 1.64% | 0.49% | 0.01% | 0.27% | 0.86% | 0.81% | -0.63% | -64 bps | |
| Net Interest Margin | 3.26% | 3.19% | 2.99% | 3.45% | 3.34% | 3.46% | 3.30% | 3.25% | -21 bps | |
| Efficiency Ratio | 87.93% | 90.41% | 96.96% | 99.96% | 98.43% | 95.14% | 95.31% | 103.88% | +392 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 15.42% | 12.55% | 6.33% | 5.26% | 4.68% | 1.88% | 4.60% | 1.54% | -371 bps | |
| Loan Growth (YoY) | 3.34% | 5.35% | -7.21% | -12.08% | -16.83% | -19.25% | 6.42% | -0.52% | +1,157 bps | |
| Share Growth (YoY) | 19.60% | 15.82% | 7.94% | 6.61% | 6.04% | 2.31% | 5.57% | 1.78% | -483 bps | |
| Asset Quality | ||||||||||
| Delinquent Loans / Loans | 5.60% | 0.00% | 0.67% | 1.92% | 7.39% | 4.49% | 2.45% | 5.58% | +366 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 6.09% | 5.00% | 4.76% | 5.39% | 5.39% | 5.33% | 3.34% | 3.57% | -182 bps | |
| Capital | ||||||||||
| Risk-Based Capital | 20.83% | 20.33% | 20.12% | 20.16% | 19.81% | 19.94% | 19.39% | 19.98% | -18 bps | |
| Net Worth / Assets | 20.83% | 20.33% | 20.12% | 20.16% | 19.81% | 19.94% | 19.39% | 19.98% | -18 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Shares | 33.92% | 32.31% | 30.78% | 27.22% | 26.60% | 25.50% | 31.02% | 26.61% | -61 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |