PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Dow Employees

Indianapolis, IN · Charter 60251

NCUA · 2 branches

Q4 2023

$41.1MAssets
$37.2MLoans
$38.1MShares
$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 -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.

Financial Results

Return on Assets (quarter, annualized)

-8.35%-907 bps YoY

Net Interest Margin (quarter, annualized)

5.50%+19 bps YoY

Efficiency Ratio (quarter, annualized)

149.97%+7,365 bps YoY

Net Worth / Assets

4.50%-846 bps YoY

Discrete quarter, annualized.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets0.72%0.18%-1.86%-3.02%-8.35%-907 bps
Return on Equity5.54%1.42%-15.27%-27.81%-185.72%-19,126 bps
Net Interest Margin5.31%5.07%5.31%5.32%5.50%+19 bps
Efficiency Ratio76.33%81.46%87.94%90.77%149.97%+7,365 bps
Growth
Asset Growth (YoY)-4.68%-8.71%-5.82%-3.50%-5.41%-73 bps
Loan Growth (YoY)25.68%18.61%17.65%0.00%-3.13%-2,881 bps
Share Growth (YoY)-1.14%-3.37%-0.29%3.58%1.36%+249 bps
Asset Quality
Delinquent Loans / Loans4.10%3.42%3.01%2.72%1.95%-215 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.33%0.00%0.00%0.00%0.00%-233 bps
Capital
Risk-Based Capital12.95%12.95%12.16%10.86%4.50%-846 bps
Net Worth / Assets12.95%12.95%12.16%10.86%4.50%-846 bps
Liquidity & Funding
Loans / Shares102.20%96.07%105.60%99.57%97.68%-452 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps