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Jacksonville Police

Jacksonville, FL · Charter 24479

NCUA · 6 branches

Q1 2024

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: Q1 2024, the quarter ended March 31, 2024, 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

Jacksonville Police

Jacksonville, FL · Charter 24479

NCUA · 6 branches

Q1 2024

$113.3MAssets
$75.6MLoans
$106.2MShares
$7.4MNet 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 -7.30%, down 787 bps year over year; NIM at 3.14%.
  • Asset quality: problem loans at 0.43% of loans (+28 bps YoY).
  • Capital: net worth / assets of 6.49%, down 167 bps from a year ago.
  • Funding: loans stand at 71.22% of shares as of Q1 2024.

Financial Results

Return on Assets (YTD, annualized)

-7.30%-787 bps YoY

Net Interest Margin (YTD, annualized)

3.14%+26 bps YoY

Efficiency Ratio (YTD, annualized)

286%+20,215 bps YoY

Net Worth / Assets

6.49%-167 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets0.57%0.53%0.45%0.47%-7.30%-787 bps
Return on Equity6.93%6.34%5.35%5.54%-112.46%-11,938 bps
Net Interest Margin2.87%2.97%2.97%3.04%3.14%+26 bps
Efficiency Ratio84.15%84.06%85.11%84.87%286%+20,215 bps
Growth
Asset Growth (YoY)-0.54%-0.58%-0.25%0.34%2.02%+256 bps
Loan Growth (YoY)17.62%9.65%5.10%4.03%3.73%-1,389 bps
Share Growth (YoY)0.66%-2.15%-1.15%0.09%1.05%+40 bps
Asset Quality
Delinquent Loans / Loans0.16%0.33%0.40%0.54%0.43%+28 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.34%0.34%0.36%0.00%0.00%-34 bps
Capital
Risk-Based Capital8.16%8.42%8.32%8.52%6.49%-167 bps
Net Worth / Assets8.16%8.42%8.32%8.52%6.49%-167 bps
Liquidity & Funding
Loans / Shares69.38%72.52%70.81%72.37%71.22%+184 bps
Liquid Assets / Assets99.27%0.00%99.17%99.03%97.94%-133 bps