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Indianapolis, IN · Charter 23975

NCUA · 1 branch

Q3 2023

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: Q3 2023, the quarter ended September 30, 2023, 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

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Indianapolis, IN · Charter 23975

NCUA · 1 branch

Q3 2023

$19.1MAssets
$4.0MLoans
$17.0MShares
$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 0.44%, down 60 bps year over year; NIM at 3.76%.
  • Asset quality: problem loans at 0.51% of loans (-155 bps YoY).
  • Capital: net worth / assets of 9.16%, up 88 bps from a year ago.
  • Funding: loans stand at 23.62% of shares as of Q3 2023.

Financial Results

Return on Assets (YTD, annualized)

0.44%-60 bps YoY

Net Interest Margin (YTD, annualized)

3.76%+118 bps YoY

Efficiency Ratio (YTD, annualized)

90.60%+1,196 bps YoY

Net Worth / Assets

9.16%+88 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets1.04%0.66%-3.35%-0.33%0.44%-60 bps
Return on Equity12.54%8.02%-42.03%-3.85%4.75%-778 bps
Net Interest Margin2.58%2.69%3.78%3.65%3.76%+118 bps
Efficiency Ratio78.64%80.44%120.81%107.18%90.60%+1,196 bps
Growth
Asset Growth (YoY)-5.06%-8.25%-7.44%-11.74%-10.63%-557 bps
Loan Growth (YoY)-26.78%-32.17%-37.33%-37.08%-36.08%-929 bps
Share Growth (YoY)-6.23%-9.46%-7.06%-11.52%-12.79%-657 bps
Asset Quality
Delinquent Loans / Loans2.06%1.81%1.89%1.31%0.51%-155 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.38%1.36%0.00%0.00%0.00%-138 bps
Capital
Risk-Based Capital8.28%8.23%7.97%8.47%9.16%+88 bps
Net Worth / Assets8.28%8.23%7.97%8.47%9.16%+88 bps
Liquidity & Funding
Loans / Shares32.23%29.64%25.01%25.57%23.62%-860 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps