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IBEW Local 479

Beaumont, TX · Charter 20503

NCUA · 1 branch

Q4 2022

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: Q4 2022, the quarter ended December 31, 2022, 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 Local 479

Beaumont, TX · Charter 20503

NCUA · 1 branch

Q4 2022

$16.6MAssets
$12.8MLoans
$15.1MShares
$1.4MNet 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 -0.14%, down 11 bps year over year; NIM at 3.16%.
  • Asset quality: problem loans at 2.30% of loans (+105 bps YoY).
  • Capital: net worth / assets of 8.34%, up 90 bps from a year ago.
  • Funding: loans stand at 84.40% of shares as of Q4 2022.

Financial Results

Return on Assets (YTD, annualized)

-0.14%-11 bps YoY

Net Interest Margin (YTD, annualized)

3.16%+53 bps YoY

Efficiency Ratio (YTD, annualized)

95.31%+437 bps YoY

Net Worth / Assets

8.34%+90 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2021Q1 2022Q2 2022Q3 2022Q4 2022YoY ΔTrend
Earnings
Return on Assets-0.02%0.02%-0.80%-0.35%-0.14%-11 bps
Return on Equity-0.32%0.29%-11.23%-4.49%-1.62%-130 bps
Net Interest Margin2.63%2.54%2.63%2.91%3.16%+53 bps
Efficiency Ratio90.93%91.56%97.46%95.88%95.31%+437 bps
Growth
Asset Growth (YoY)2.67%-1.28%-6.40%-9.96%-12.17%-1,484 bps
Loan Growth (YoY)6.68%3.03%1.82%1.00%8.24%+155 bps
Share Growth (YoY)2.70%-1.36%-6.28%-10.12%-13.22%-1,592 bps
Asset Quality
Delinquent Loans / Loans1.25%1.18%1.49%1.84%2.30%+105 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.86%0.95%1.14%1.00%0.81%-5 bps
Capital
Risk-Based Capital7.45%7.41%7.17%7.80%8.34%+90 bps
Net Worth / Assets7.45%7.41%7.17%7.80%8.34%+90 bps
Liquidity & Funding
Loans / Shares67.67%66.12%66.57%73.35%84.40%+1,673 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps