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USAA Savings Bank

Las Vegas, NV · Cert 34351

FDIC · 1 branch

Q1 2024

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: Q1 2024, the quarter ended March 31, 2024, 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: FFIEC Call Report (031/041/051), 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

USAA Savings Bank

Las Vegas, NV · Cert 34351

FDIC · 1 branch

Q1 2024

$2.6BAssets
n/aLoans
$157.0MDeposits
$797.8MEquity
Deposit mix
100%Interest-bearing $157.0M0%Noninterest $0.0MQ1 2023Q1 2024

NIM

0.40%Q1 ’222.92%Q1 ’233.52%Q1 ’24+672%+18%

Non-interest income vs. expense

38.77%Q1 ’2233.56%Q1 ’2336.08%Q1 ’24+11%+11%

Market Position · Las Vegas-Henderson-North Las Vegas, NV · 2023 SOD (annual) · 0.2% share · #27 of 41 inst. · $0.2B of $97.6B

Executive Summary

  • Earnings: ROA of 11.18%, down 239 bps year over year; NIM at 3.40%.
  • Capital: tier 1 leverage ratio of 35.76%, up 415 bps from a year ago.
  • Funding: loans stand at 0.00% of deposits as of Q1 2024.

Financial Results

Return on Assets (YTD, annualized)

11.18%-239 bps YoY

Net Interest Margin (YTD, annualized)

3.40%+52 bps YoY

Efficiency Ratio (YTD, annualized)

68.23%+316 bps YoY

Tier 1 Leverage Ratio

35.76%+415 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets13.57%13.59%13.27%13.32%11.18%-239 bps
Return on Equity47.13%45.68%44.26%44.87%37.89%-925 bps
Net Interest Margin2.88%2.98%3.11%3.19%3.40%+52 bps
Efficiency Ratio65.07%66.08%66.52%66.15%68.23%+316 bps
Non-Interest Burden-15.13%-15.24%-15.17%-15.36%-13.39%+173 bps
Growth
Asset Growth (YoY)13.06%-0.78%11.93%9.37%15.11%+205 bps
Loan Growth (YoY)n/an/an/an/an/an/a
Deposit Growth (YoY)-9.13%-3.74%0.87%3.86%3.58%+1,271 bps
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio31.60%32.92%34.34%33.23%35.76%+415 bps
Total Risk-Based Capital110.36%104.54%92.24%82.37%94.68%-1,568 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits0.00%0.00%0.00%0.00%0.00%0 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a