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Freighters

Billings, MT · Charter 24409

NCUA · 1 branch

Q3 2019

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 2019, the quarter ended September 30, 2019, 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

Freighters

Billings, MT · Charter 24409

NCUA · 1 branch

Q3 2019

$4.4MAssets
$3.8MLoans
$4.3MShares
$172KNet 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 -6.49%, down 692 bps year over year; NIM at 4.97%.
  • Asset quality: problem loans at 6.42% of loans (+415 bps YoY).
  • Capital: net worth / assets of 3.91%, down 333 bps from a year ago.
  • Funding: loans stand at 87.42% of shares as of Q3 2019.

Financial Results

Return on Assets (YTD, annualized)

-6.49%-692 bps YoY

Net Interest Margin (YTD, annualized)

4.97%+62 bps YoY

Efficiency Ratio (YTD, annualized)

99.98%+1,457 bps YoY

Net Worth / Assets

3.91%-333 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets0.43%-0.23%-8.66%-6.06%-6.49%-692 bps
Return on Equity5.90%-3.06%-149.24%-124.78%-166.09%-17,199 bps
Net Interest Margin4.36%4.80%5.03%4.66%4.97%+62 bps
Efficiency Ratio85.40%84.85%88.28%92.41%99.98%+1,457 bps
Growth
Asset Growth (YoY)3.08%-5.42%-15.45%-14.30%-23.56%-2,664 bps
Loan Growth (YoY)-6.51%-12.38%-13.51%-20.17%-22.46%-1,596 bps
Share Growth (YoY)5.24%-5.61%-14.04%-12.40%-19.17%-2,441 bps
Asset Quality
Delinquent Loans / Loans2.27%2.68%1.76%4.21%6.42%+415 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.22%2.39%3.70%4.44%5.40%+319 bps
Capital
Risk-Based Capital7.24%7.35%5.80%4.86%3.91%-333 bps
Net Worth / Assets7.24%7.35%5.80%4.86%3.91%-333 bps
Liquidity & Funding
Loans / Shares91.14%96.85%97.83%87.20%87.42%-372 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps