Raleigh, NC · Charter 24898
NCUA · 1 branch
Q2 2024
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2024, the quarter ended June 30, 2024, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
Credit unions under $1B in assets (n=1,748 to 1,753). Each measure ranks only the institutions that reported it, so n varies by measure.
Peer groups below the disclosure floor are suppressed.
Capital
5
Asset Quality
40
Profitability
12
Liquidity
0
Efficiency
76
Growth
No peer data yet
Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.
Raleigh, NC · Charter 24898
NCUA · 1 branch
Q2 2024
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 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.23% | 1.22% | 1.81% | 1.48% | 1.13% | 0.81% | 0.37% | -0.21% | -168 bps | |
| Return on Equity | 16.81% | 15.26% | 19.96% | 15.81% | 13.82% | 10.11% | 4.73% | -2.61% | -1,841 bps | |
| Net Interest Margin | 1.96% | 2.12% | 2.96% | 2.81% | 2.28% | 2.28% | 2.31% | 2.63% | -18 bps | |
| Efficiency Ratio | 47.72% | 49.21% | 46.94% | 49.57% | 52.78% | 55.75% | 73.93% | 68.93% | +1,935 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 36.48% | 21.44% | 3.17% | -2.51% | 3.33% | 11.26% | 23.85% | 19.46% | +2,197 bps | |
| Loan Growth (YoY) | 83.28% | 33.93% | 10.84% | -6.12% | -10.57% | -1.00% | 14.46% | 21.24% | +2,736 bps | |
| Share Growth (YoY) | 24.35% | 16.62% | 3.78% | -0.23% | 13.66% | 16.85% | 23.75% | 24.03% | +2,426 bps | |
| Asset Quality | ||||||||||
| Delinquent Loans / Loans | 0.04% | 0.05% | 0.05% | 0.26% | 0.29% | 0.63% | 1.05% | 0.78% | +52 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 0.40% | 0.47% | 0.57% | 0.67% | 0.00% | 0.00% | 0.00% | 0.00% | -67 bps | |
| Capital | ||||||||||
| Risk-Based Capital | 7.32% | 7.98% | 9.07% | 9.35% | 8.16% | 7.98% | 7.83% | 7.87% | -148 bps | |
| Net Worth / Assets | 7.32% | 7.98% | 9.07% | 9.35% | 8.16% | 7.98% | 7.83% | 7.87% | -148 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Shares | 110.38% | 108.28% | 93.07% | 101.75% | 86.86% | 91.74% | 86.09% | 99.46% | -229 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 99.47% | 0.00% | 0.00% | 0.00% | 0.00% | -9,947 bps | |
Raleigh, NC · Charter 24898 · Peer group: credit unions under $1B in assets (n=1,748-1,753)
NCUA · 1 branch
Q2 2024
Return on Assets
-0.20%
Rank 1,549 of 1,753
Net Interest Margin
2.63%
Rank 1,498 of 1,752
Efficiency Ratio
68.96%
Rank 413 of 1,748
Equity / Assets
7.87%
Rank 1,665 of 1,752
| Metric | Your Credit Union | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||
| Return on Assets | -0.20% | 0.23% | 0.68% | 1.19% | Beats 12% | 1,549 / 1,753 | n/a | |
| Return on Equity | -2.60% | 1.80% | 5.29% | 9.05% | Beats 10% | 1,579 / 1,750 | n/a | |
| Net Interest Margin | 2.63% | 2.98% | 3.54% | 4.20% | Beats 14% | 1,498 / 1,752 | n/a | |
| Efficiency Ratio | 68.96% | 69.58% | 78.86% | 88.33% | Beats 76% | 413 / 1,748 | n/a | |
| Asset Quality | ||||||||
| Nonperforming Loans / Loans | 0.78% | 0.22% | 0.59% | 1.20% | Beats 40% | 1,051 / 1,748 | n/a | |
| Net Charge-Offs / Loans | n/a | Not reported for this institution | ||||||
| Capital | ||||||||
| Tier 1 Capital Ratio | 7.87% | 9.91% | 12.21% | 15.57% | Beats 5% | 1,666 / 1,753 | n/a | |
| Total Risk-Based Capital Ratio | n/a | Not reported for this institution | ||||||
| Equity / Assets | 7.87% | 9.91% | 12.21% | 15.57% | Beats 5% | 1,665 / 1,752 | n/a | |
| Liquidity & Funding | ||||||||
| Loans / Deposits | 99.46% | 55.88% | 73.01% | 86.61% | 94th pctl | 105 / 1,750 | n/a | |
| Loans / Assets | 91.19% | 48.21% | 62.51% | 73.23% | 99th pctl | 10 / 1,752 | n/a | |
| Brokered Deposits / Deposits | n/a | Not reported for this institution | ||||||