PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Allegheny Co. No 1

Pittsburgh, PA · Charter 4233

NCUA · 2 branches

Q3 2024

$21.7MAssets
$12.2MLoans
$20.3MShares
$1.8MNet 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 0.20%, up 36 bps year over year; NIM at 4.17%.
  • Asset quality: problem loans at 0.67% of loans (-313 bps YoY).
  • Capital: net worth / assets of 8.49%, up 100 bps from a year ago.
  • Funding: loans stand at 60.30% of shares as of Q3 2024.

Financial Results

Return on Assets (YTD, annualized)

0.20%+36 bps YoY

Net Interest Margin (YTD, annualized)

4.17%-58 bps YoY

Efficiency Ratio (YTD, annualized)

92.07%+1,137 bps YoY

Net Worth / Assets

8.49%+100 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets-0.16%-0.13%0.39%0.22%0.20%+36 bps
Return on Equity-2.11%-1.71%5.11%2.83%2.36%+447 bps
Net Interest Margin4.75%4.69%3.58%3.85%4.17%-58 bps
Efficiency Ratio80.70%84.34%91.47%92.19%92.07%+1,137 bps
Growth
Asset Growth (YoY)-5.74%-7.64%-6.22%-2.42%-12.31%-656 bps
Loan Growth (YoY)22.82%6.51%7.12%4.98%1.95%-2,087 bps
Share Growth (YoY)-5.22%-6.87%-6.53%-2.19%-14.10%-889 bps
Asset Quality
Delinquent Loans / Loans3.80%1.41%0.52%0.46%0.67%-313 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital7.48%7.57%7.64%7.78%8.49%+100 bps
Net Worth / Assets7.48%7.57%7.64%7.78%8.49%+100 bps
Liquidity & Funding
Loans / Shares50.81%51.21%52.29%54.41%60.30%+950 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps