PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Novamont Emp.

Kenova, WV · Charter 22697

NCUA · 1 branch

Q1 2023

$806KAssets
$718KLoans
$609KShares
$195KNet 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 -5.92%, down 761 bps year over year; NIM at 2.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 24.14%, up 959 bps from a year ago.
  • Funding: loans stand at 117.94% of shares as of Q1 2023.

Financial Results

Return on Assets (quarter, annualized)

-5.92%-761 bps YoY

Net Interest Margin (quarter, annualized)

2.73%+63 bps YoY

Efficiency Ratio (quarter, annualized)

310%+28,967 bps YoY

Net Worth / Assets

24.14%+959 bps YoY

Discrete quarter, annualized.

MetricQ1 2022Q2 2022Q3 2022Q4 2022Q1 2023YoY ΔTrend
Earnings
Return on Assets1.68%0.54%0.41%0.03%-5.92%-761 bps
Return on Equity11.57%3.84%2.65%0.16%-24.54%-3,611 bps
Net Interest Margin2.10%1.29%1.46%1.19%2.73%+63 bps
Efficiency Ratio20.49%55.69%68.01%90.62%310%+28,967 bps
Growth
Asset Growth (YoY)3.64%-0.38%-8.11%-10.28%-39.75%-4,338 bps
Loan Growth (YoY)24.74%37.09%28.54%2.65%-14.61%-3,935 bps
Share Growth (YoY)4.03%-0.77%-9.86%-12.35%-46.73%-5,077 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 / Loans3.96%3.54%3.86%3.98%4.78%+82 bps
Capital
Risk-Based Capital14.55%14.11%15.50%16.46%24.14%+959 bps
Net Worth / Assets14.55%14.11%15.50%16.46%24.14%+959 bps
Liquidity & Funding
Loans / Shares73.57%81.22%84.09%88.48%117.94%+4,437 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps