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Waconized

Waco, TX · Charter 5555

NCUA · 1 branch

Q3 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: Q3 2023, the quarter ended September 30, 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

Waconized

Waco, TX · Charter 5555

NCUA · 1 branch

Q3 2023

$2.9MAssets
$1.1MLoans
$2.4MShares
$564KNet 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 -1.64%, up 518 bps year over year; NIM at 4.79%.
  • Asset quality: problem loans at 4.98% of loans (-58 bps YoY).
  • Capital: net worth / assets of 19.13%, up 343 bps from a year ago.
  • Funding: loans stand at 45.97% of shares as of Q3 2023.

Financial Results

Return on Assets (YTD, annualized)

-1.64%+518 bps YoY

Net Interest Margin (YTD, annualized)

4.79%+202 bps YoY

Efficiency Ratio (YTD, annualized)

135.10%-161,639 bps YoY

Net Worth / Assets

19.13%+343 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets-6.82%-1.93%-1.62%-1.01%-1.64%+518 bps
Return on Equity-43.46%-11.86%-9.97%-6.20%-8.57%+3,489 bps
Net Interest Margin2.77%2.89%3.95%4.01%4.79%+202 bps
Efficiency Ratio1751%161.96%135.21%122.22%135.10%-161,639 bps
Growth
Asset Growth (YoY)-5.01%-10.50%-11.77%-10.96%-24.36%-1,936 bps
Loan Growth (YoY)-11.93%-2.80%-5.57%0.20%4.63%+1,656 bps
Share Growth (YoY)-1.38%-9.32%-11.54%-11.52%-27.59%-2,621 bps
Asset Quality
Delinquent Loans / Loans5.55%1.22%0.14%0.32%4.98%-58 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans3.67%2.31%2.77%3.30%2.76%-90 bps
Capital
Risk-Based Capital15.70%16.27%16.29%16.33%19.13%+343 bps
Net Worth / Assets15.70%16.27%16.29%16.33%19.13%+343 bps
Liquidity & Funding
Loans / Shares31.81%36.10%33.72%33.44%45.97%+1,416 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps