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Powerco

Atlanta, GA · Charter 359

NCUA · 8 branches

Q1 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: Q1 2023, the quarter ended March 31, 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

Powerco

Atlanta, GA · Charter 359

NCUA · 8 branches

Q1 2023

$195.9MAssets
$86.8MLoans
$175.1MShares
$25.3MNet 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 -0.09%, down 67 bps year over year; NIM at 2.77%.
  • Asset quality: problem loans at 0.19% of loans (+6 bps YoY).
  • Capital: net worth / assets of 12.89%, up 109 bps from a year ago.
  • Funding: loans stand at 49.57% of shares as of Q1 2023.

Financial Results

Return on Assets (YTD, annualized)

-0.09%-67 bps YoY

Net Interest Margin (YTD, annualized)

2.77%+103 bps YoY

Efficiency Ratio (YTD, annualized)

100.01%+2,036 bps YoY

Net Worth / Assets

12.89%+109 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2022Q2 2022Q3 2022Q4 2022Q1 2023YoY ΔTrend
Earnings
Return on Assets0.58%0.14%0.44%0.50%-0.09%-67 bps
Return on Equity4.89%1.19%3.55%3.84%-0.70%-558 bps
Net Interest Margin1.75%1.80%2.00%2.23%2.77%+103 bps
Efficiency Ratio79.65%94.41%84.54%83.39%100.01%+2,036 bps
Growth
Asset Growth (YoY)5.48%2.74%1.84%-0.43%-5.95%-1,143 bps
Loan Growth (YoY)5.13%3.60%7.38%7.14%5.52%+39 bps
Share Growth (YoY)7.53%5.17%4.78%1.52%-5.63%-1,316 bps
Asset Quality
Delinquent Loans / Loans0.13%0.10%0.13%0.23%0.19%+6 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.27%0.25%0.24%0.26%0.00%-27 bps
Capital
Risk-Based Capital11.80%11.98%12.43%12.98%12.89%+109 bps
Net Worth / Assets11.80%11.98%12.43%12.98%12.89%+109 bps
Liquidity & Funding
Loans / Shares44.34%46.36%48.04%50.72%49.57%+524 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps