PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bellco

Wyomissing, PA · Charter 2531

NCUA · 2 branches

Q1 2024

$175.7MAssets
$138.0MLoans
$161.6MShares
$15.0MNet 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 0.75%, up 29 bps year over year; NIM at 3.66%.
  • Asset quality: problem loans at 0.75% of loans (+29 bps YoY).
  • Capital: net worth / assets of 8.54%, up 62 bps from a year ago.
  • Funding: loans stand at 85.40% of shares as of Q1 2024.

Financial Results

Return on Assets (YTD, annualized)

0.75%+29 bps YoY

Net Interest Margin (YTD, annualized)

3.66%+15 bps YoY

Efficiency Ratio (YTD, annualized)

79.19%-505 bps YoY

Net Worth / Assets

8.54%+62 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets0.46%1.02%0.94%0.83%0.75%+29 bps
Return on Equity5.78%12.09%10.80%9.84%8.74%+296 bps
Net Interest Margin3.51%3.64%3.70%3.53%3.66%+15 bps
Efficiency Ratio84.24%74.52%75.55%76.56%79.19%-505 bps
Growth
Asset Growth (YoY)6.62%6.10%2.09%7.65%3.69%-293 bps
Loan Growth (YoY)15.29%5.25%1.00%1.55%3.13%-1,216 bps
Share Growth (YoY)7.34%6.01%4.05%9.63%2.70%-464 bps
Asset Quality
Delinquent Loans / Loans0.46%0.49%0.78%0.84%0.75%+29 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.34%0.40%0.00%0.00%0.00%-34 bps
Capital
Risk-Based Capital7.93%8.41%8.71%8.46%8.54%+62 bps
Net Worth / Assets7.93%8.41%8.71%8.46%8.54%+62 bps
Liquidity & Funding
Loans / Shares85.04%87.15%90.58%87.29%85.40%+36 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps