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State University of NY Geneseo

Geneseo, NY · Charter 20799

NCUA · 1 branch

Q3 2021

$7.2MAssets
$1.0MLoans
$5.5MShares
$1.7MNet 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 -1.06%, down 107 bps year over year; NIM at 1.04%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 23.33%, down 72 bps from a year ago.
  • Funding: loans stand at 19.07% of shares as of Q3 2021.

Financial Results

Return on Assets (quarter, annualized)

-1.06%-107 bps YoY

Net Interest Margin (quarter, annualized)

1.04%-115 bps YoY

Efficiency Ratio (quarter, annualized)

157.96%+5,331 bps YoY

Net Worth / Assets

23.33%-72 bps YoY

Discrete quarter, annualized.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets0.00%-0.59%-2.13%-1.56%-1.06%-107 bps
Return on Equity0.00%-2.38%-8.91%-6.70%-4.56%-456 bps
Net Interest Margin2.19%2.12%1.18%1.07%1.04%-115 bps
Efficiency Ratio104.65%130.19%266%204%157.96%+5,331 bps
Growth
Asset Growth (YoY)9.54%3.26%5.92%0.40%-2.62%-1,216 bps
Loan Growth (YoY)-16.70%-22.43%-27.37%-28.48%-28.84%-1,214 bps
Share Growth (YoY)13.25%5.81%10.09%2.31%-1.81%-1,506 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.10%0.10%0.10%0.10%0.10%0 bps
Capital
Risk-Based Capital24.06%25.04%23.92%23.32%23.33%-72 bps
Net Worth / Assets24.06%25.04%23.92%23.32%23.33%-72 bps
Liquidity & Funding
Loans / Shares26.32%26.88%22.07%20.17%19.07%-725 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps