Jacksonville, FL · Charter 24479
NCUA · 6 branches
Q1 2024
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Jacksonville, FL · Charter 24479
NCUA · 6 branches
Q1 2024
NIM decomposition not available for credit unions
Non-interest trend not available for credit unions
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.57% | 0.53% | 0.45% | 0.47% | -7.30% | -787 bps | |
| Return on Equity | 6.93% | 6.34% | 5.35% | 5.54% | -112.46% | -11,938 bps | |
| Net Interest Margin | 2.87% | 2.97% | 2.97% | 3.04% | 3.14% | +26 bps | |
| Efficiency Ratio | 84.15% | 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 / Loans | 0.16% | 0.33% | 0.40% | 0.54% | 0.43% | +28 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 0.34% | 0.34% | 0.36% | 0.00% | 0.00% | -34 bps | |
| Capital | |||||||
| Risk-Based Capital | 8.16% | 8.42% | 8.32% | 8.52% | 6.49% | -167 bps | |
| Net Worth / Assets | 8.16% | 8.42% | 8.32% | 8.52% | 6.49% | -167 bps | |
| Liquidity & Funding | |||||||
| Loans / Shares | 69.38% | 72.52% | 70.81% | 72.37% | 71.22% | +184 bps | |
| Liquid Assets / Assets | 99.27% | 0.00% | 99.17% | 99.03% | 97.94% | -133 bps | |