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Sesloc

San Luis Obispo, CA · Charter 4980

NCUA · 8 branches

Q4 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: Q4 2023, the quarter ended December 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

Sesloc

San Luis Obispo, CA · Charter 4980

NCUA · 8 branches

Q4 2023

$1.2BAssets
$866.5MLoans
$1.0BShares
$104.0MNet 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 0.41%, down 3 bps year over year; NIM at 3.19%.
  • Asset quality: problem loans at 0.52% of loans (+17 bps YoY).
  • Capital: net worth / assets of 8.72%, up 62 bps from a year ago.
  • Funding: loans stand at 84.79% of shares as of Q4 2023.

Financial Results

Return on Assets (YTD, annualized)

0.41%-3 bps YoY

Net Interest Margin (YTD, annualized)

3.19%+48 bps YoY

Efficiency Ratio (YTD, annualized)

84.38%+103 bps YoY

Net Worth / Assets

8.72%+62 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets0.44%0.32%0.33%0.43%0.41%-3 bps
Return on Equity5.47%3.93%4.03%4.98%4.75%-73 bps
Net Interest Margin2.72%3.02%3.10%3.19%3.19%+48 bps
Efficiency Ratio83.34%87.11%86.59%84.00%84.38%+103 bps
Growth
Asset Growth (YoY)1.70%0.04%-0.32%-1.34%-2.44%-413 bps
Loan Growth (YoY)18.36%18.49%14.05%9.43%5.07%-1,329 bps
Share Growth (YoY)-0.30%-4.02%-4.72%-6.77%-6.61%-631 bps
Asset Quality
Delinquent Loans / Loans0.35%0.31%0.30%0.51%0.52%+17 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.65%0.65%0.65%0.00%0.00%-65 bps
Capital
Risk-Based Capital8.11%8.14%8.32%8.60%8.72%+62 bps
Net Worth / Assets8.11%8.14%8.32%8.60%8.72%+62 bps
Liquidity & Funding
Loans / Shares75.36%77.70%79.65%83.03%84.79%+943 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps