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The New Horizons

West Point, MS · Charter 24886

NCUA · 2 branches

Q3 2021

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 2021, the quarter ended September 30, 2021, 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

The New Horizons

West Point, MS · Charter 24886

NCUA · 2 branches

Q3 2021

$13.7MAssets
$7.0MLoans
$11.6MShares
$2.1MNet 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 1.04%, up 115 bps year over year; NIM at 3.01%.
  • Asset quality: problem loans at 0.18% of loans (-8 bps YoY).
  • Capital: net worth / assets of 15.24%, down 63 bps from a year ago.
  • Funding: loans stand at 60.41% of shares as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

1.04%+115 bps YoY

Net Interest Margin (YTD, annualized)

3.01%-54 bps YoY

Efficiency Ratio (YTD, annualized)

76.12%-1,901 bps YoY

Net Worth / Assets

15.24%-63 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets-0.11%0.24%1.07%0.89%1.04%+115 bps
Return on Equity-0.69%1.52%7.13%6.05%6.84%+752 bps
Net Interest Margin3.55%3.49%3.25%3.02%3.01%-54 bps
Efficiency Ratio95.13%89.71%76.48%79.11%76.12%-1,901 bps
Growth
Asset Growth (YoY)11.28%15.89%17.86%11.27%12.02%+74 bps
Loan Growth (YoY)6.91%3.45%3.70%-1.86%0.05%-686 bps
Share Growth (YoY)13.42%19.14%20.84%12.24%12.93%-50 bps
Asset Quality
Delinquent Loans / Loans0.26%0.63%0.65%0.30%0.18%-8 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.79%0.80%0.81%0.81%0.78%-1 bps
Capital
Risk-Based Capital15.87%15.89%14.99%14.80%15.24%-63 bps
Net Worth / Assets15.87%15.89%14.99%14.80%15.24%-63 bps
Liquidity & Funding
Loans / Shares68.18%66.71%61.27%59.04%60.41%-777 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps