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Team and Wheel

Winston-Salem, NC · Charter 21639

NCUA · 1 branch

Q4 2024

$11.2MAssets
$8.3MLoans
$9.5MShares
$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 -2.72%, down 271 bps year over year; NIM at 5.37%.
  • Asset quality: problem loans at 0.84% of loans (-5 bps YoY).
  • Capital: net worth / assets of 12.67%, up 29 bps from a year ago.
  • Funding: loans stand at 87.59% of shares as of Q4 2024.

Financial Results

Return on Assets (quarter, annualized)

-2.72%-271 bps YoY

Net Interest Margin (quarter, annualized)

5.37%+99 bps YoY

Efficiency Ratio (quarter, annualized)

128.81%+3,249 bps YoY

Net Worth / Assets

12.67%+29 bps YoY

Discrete quarter, annualized.

MetricQ4 2023Q1 2024Q2 2024Q3 2024Q4 2024YoY ΔTrend
Earnings
Return on Assets-0.01%-0.30%-1.91%-2.49%-2.72%-271 bps
Return on Equity-0.06%-2.28%-15.30%-19.34%-21.43%-2,137 bps
Net Interest Margin4.39%3.94%4.94%5.10%5.37%+99 bps
Efficiency Ratio96.31%106.77%112.18%126.50%128.81%+3,249 bps
Growth
Asset Growth (YoY)-5.50%-12.58%-11.19%-20.52%-20.18%-1,468 bps
Loan Growth (YoY)3.93%-4.88%-9.99%-7.09%-18.82%-2,276 bps
Share Growth (YoY)-10.63%-12.92%-14.39%-22.08%-18.95%-833 bps
Asset Quality
Delinquent Loans / Loans0.88%0.21%0.17%0.44%0.84%-5 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 Capital12.38%13.26%12.49%12.85%12.67%+29 bps
Net Worth / Assets12.38%13.26%12.49%12.85%12.67%+29 bps
Liquidity & Funding
Loans / Shares87.45%86.12%89.01%86.79%87.59%+14 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps