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Electrus

Brooklyn Center, MN · Charter 24656

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

Electrus

Brooklyn Center, MN · Charter 24656

NCUA · 1 branch

Q3 2019

$63.1MAssets
$25.1MLoans
$51.2MShares
$11.3MNet 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 1.07%, up 35 bps year over year; NIM at 2.50%.
  • Asset quality: problem loans at 0.14% of loans (+9 bps YoY).
  • Capital: net worth / assets of 17.91%, up 67 bps from a year ago.
  • Funding: loans stand at 49.09% of shares as of Q3 2019.

Financial Results

Return on Assets (YTD, annualized)

1.07%+35 bps YoY

Net Interest Margin (YTD, annualized)

2.50%+32 bps YoY

Efficiency Ratio (YTD, annualized)

65.53%-915 bps YoY

Net Worth / Assets

17.91%+67 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets0.72%0.82%0.78%1.05%1.07%+35 bps
Return on Equity4.18%4.61%4.40%5.72%5.98%+180 bps
Net Interest Margin2.17%2.27%2.45%2.55%2.50%+32 bps
Efficiency Ratio74.68%72.41%74.26%67.08%65.53%-915 bps
Growth
Asset Growth (YoY)3.55%3.11%1.42%0.88%2.33%-121 bps
Loan Growth (YoY)11.31%14.90%14.23%14.04%9.27%-204 bps
Share Growth (YoY)2.89%2.50%0.78%-0.12%1.78%-111 bps
Asset Quality
Delinquent Loans / Loans0.06%0.06%0.11%0.11%0.14%+9 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.60%0.56%0.53%0.51%0.48%-13 bps
Capital
Risk-Based Capital17.24%17.77%17.69%18.27%17.91%+67 bps
Net Worth / Assets17.24%17.77%17.69%18.27%17.91%+67 bps
Liquidity & Funding
Loans / Shares45.72%47.47%47.03%50.73%49.09%+337 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps