PackageTrendsPeer
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Dow Employees

Indianapolis, IN · Charter 60251

NCUA · 2 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

Dow Employees

Indianapolis, IN · Charter 60251

NCUA · 2 branches

Q4 2023

$41.1MAssets
$37.2MLoans
$38.1MShares
$1.8MNet Worth

Executive Summary

  • Earnings: ROA of -8.35%, down 907 bps year over year; NIM at 5.50%.
  • Asset quality: problem loans at 1.95% of loans (-215 bps YoY).
  • Capital: net worth / assets of 4.50%, down 846 bps from a year ago.
  • Funding: loans stand at 97.68% of shares as of Q4 2023.

Return on Assets (YTD, annualized)

-8.35%-907 bps YoY

Net Interest Margin (YTD, annualized)

5.50%+19 bps YoY

Efficiency Ratio (YTD, annualized)

149.97%+7,365 bps YoY

Net Worth / Assets

4.50%-846 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets2.61%2.17%0.77%0.72%0.18%-1.86%-3.02%-8.35%-907 bps
Return on Equity22.14%17.03%6.17%5.54%1.42%-15.27%-27.81%-185.72%-19,126 bps
Net Interest Margin4.45%4.74%5.12%5.31%5.07%5.31%5.32%5.50%+19 bps
Efficiency Ratio69.23%72.29%79.67%76.33%81.46%87.94%90.77%149.97%+7,365 bps
Growth
Asset Growth (YoY)-1.73%-4.63%-4.76%-4.68%-8.71%-5.82%-3.50%-5.41%-73 bps
Loan Growth (YoY)0.83%10.08%25.35%25.68%18.61%17.65%0.00%-3.13%-2,881 bps
Share Growth (YoY)-7.28%-6.22%-4.65%-1.14%-3.37%-0.29%3.58%1.36%+249 bps
Asset Quality
Delinquent Loans / Loans1.20%2.49%2.97%4.10%3.42%3.01%2.72%1.95%-215 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans1.74%1.81%2.00%2.33%0.00%0.00%0.00%0.00%-233 bps
Capital
Risk-Based Capital11.78%12.73%12.55%12.95%12.95%12.16%10.86%4.50%-846 bps
Net Worth / Assets11.78%12.73%12.55%12.95%12.95%12.16%10.86%4.50%-846 bps
Liquidity & Funding
Loans / Shares78.27%89.49%103.14%102.20%96.07%105.60%99.57%97.68%-452 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps