PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

North Arundel

Glen Burnie, MD · Charter 20719

NCUA · 1 branch

Q3 2024

$8.8MAssets
$3.3MLoans
$8.1MShares
$642KNet 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 -0.83%, down 68 bps year over year; NIM at 3.61%.
  • Asset quality: problem loans at 0.96% of loans (-94 bps YoY).
  • Capital: net worth / assets of 7.30%, down 53 bps from a year ago.
  • Funding: loans stand at 40.41% of shares as of Q3 2024.

Financial Results

Return on Assets (YTD, annualized)

-0.83%-68 bps YoY

Net Interest Margin (YTD, annualized)

3.61%+73 bps YoY

Efficiency Ratio (YTD, annualized)

94.08%-390 bps YoY

Net Worth / Assets

7.30%-53 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets-0.15%-0.87%-0.57%-0.68%-0.83%-68 bps
Return on Equity-1.89%-11.62%-8.19%-8.54%-11.31%-943 bps
Net Interest Margin2.89%3.06%3.23%3.79%3.61%+73 bps
Efficiency Ratio97.98%99.14%112.12%97.08%94.08%-390 bps
Growth
Asset Growth (YoY)-8.34%-11.73%-8.86%-17.40%-11.13%-280 bps
Loan Growth (YoY)-5.06%-9.92%-16.52%-24.46%-29.04%-2,397 bps
Share Growth (YoY)-8.68%-10.58%-8.82%-17.74%-10.44%-176 bps
Asset Quality
Delinquent Loans / Loans1.89%1.77%2.35%2.58%0.96%-94 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 Capital7.83%7.46%6.95%7.94%7.30%-53 bps
Net Worth / Assets7.83%7.46%6.95%7.94%7.30%-53 bps
Liquidity & Funding
Loans / Shares50.99%50.33%44.76%47.74%40.41%-1,059 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps