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Elevator

Olive Branch, MS · Charter 24890

NCUA · 1 branch

Q3 2023

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 2023, the quarter ended September 30, 2023, 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

Elevator

Olive Branch, MS · Charter 24890

NCUA · 1 branch

Q3 2023

$16.3MAssets
$6.3MLoans
$13.0MShares
$3.3MNet 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 0.91%, up 51 bps year over year; NIM at 2.67%.
  • Asset quality: problem loans at 2.62% of loans (+101 bps YoY).
  • Capital: net worth / assets of 20.22%, up 233 bps from a year ago.
  • Funding: loans stand at 48.60% of shares as of Q3 2023.

Financial Results

Return on Assets (YTD, annualized)

0.91%+51 bps YoY

Net Interest Margin (YTD, annualized)

2.67%+28 bps YoY

Efficiency Ratio (YTD, annualized)

64.09%+159 bps YoY

Net Worth / Assets

20.22%+233 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets0.40%0.35%0.30%0.94%0.91%+51 bps
Return on Equity2.22%1.89%1.55%4.73%4.48%+226 bps
Net Interest Margin2.39%2.46%2.46%2.67%2.67%+28 bps
Efficiency Ratio62.50%63.15%71.67%62.89%64.09%+159 bps
Growth
Asset Growth (YoY)1.24%-2.35%-4.27%-4.66%-8.25%-949 bps
Loan Growth (YoY)-0.96%4.03%8.55%17.58%20.73%+2,169 bps
Share Growth (YoY)0.48%-3.29%-5.36%-6.69%-10.60%-1,108 bps
Asset Quality
Delinquent Loans / Loans1.61%1.81%0.74%2.87%2.62%+101 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.50%1.88%0.00%0.00%0.00%-150 bps
Capital
Risk-Based Capital17.89%18.55%19.15%19.94%20.22%+233 bps
Net Worth / Assets17.89%18.55%19.15%19.94%20.22%+233 bps
Liquidity & Funding
Loans / Shares35.99%40.26%40.62%46.03%48.60%+1,261 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps