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I. C.

Indiana, PA · Charter 24201

NCUA · 1 branch

Q4 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: Q4 2023, the quarter ended December 31, 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

I. C.

Indiana, PA · Charter 24201

NCUA · 1 branch

Q4 2023

$2.8MAssets
$1.6MLoans
$2.4MShares
$324KNet Worth

Executive Summary

  • Earnings: ROA of -1.94%, down 225 bps year over year; NIM at 3.66%.
  • Asset quality: problem loans at 0.47% of loans (+26 bps YoY).
  • Capital: net worth / assets of 11.66%, down 79 bps from a year ago.
  • Funding: loans stand at 66.40% of shares as of Q4 2023.

Return on Assets (YTD, annualized)

-1.94%-225 bps YoY

Net Interest Margin (YTD, annualized)

3.66%+94 bps YoY

Efficiency Ratio (YTD, annualized)

142.38%+4,981 bps YoY

Net Worth / Assets

11.66%-79 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets-0.87%1.29%0.62%0.31%-1.74%-2.53%-2.56%-1.94%-225 bps
Return on Equity-7.67%10.75%5.01%2.47%-14.37%-22.24%-22.60%-16.67%-1,914 bps
Net Interest Margin2.40%2.39%2.47%2.72%2.94%3.17%3.34%3.66%+94 bps
Efficiency Ratio134.32%73.41%85.47%92.58%140.89%158.45%161.24%142.38%+4,981 bps
Growth
Asset Growth (YoY)-3.34%-1.90%-2.84%-2.97%-5.67%-8.04%-8.85%-8.48%-551 bps
Loan Growth (YoY)-13.27%-11.52%-0.56%-2.44%-3.17%-3.08%-10.35%-10.04%-760 bps
Share Growth (YoY)-3.74%-2.94%-3.80%-3.84%-6.19%-7.73%-8.85%-8.80%-495 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.21%0.22%0.17%0.22%0.47%+26 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.59%0.55%0.43%0.44%0.52%0.67%0.67%0.69%+25 bps
Capital
Risk-Based Capital11.35%11.98%12.28%12.45%12.14%11.38%11.33%11.66%-79 bps
Net Worth / Assets11.35%11.98%12.28%12.45%12.14%11.38%11.33%11.66%-79 bps
Liquidity & Funding
Loans / Shares62.46%60.08%67.20%67.32%64.46%63.11%66.10%66.40%-92 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps