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Lowland

Morristown, TN · Charter 60527

NCUA · 3 branches

Q1 2024

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: Q1 2024, the quarter ended March 31, 2024, 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

Lowland

Morristown, TN · Charter 60527

NCUA · 3 branches

Q1 2024

$143.3MAssets
$62.8MLoans
$135.8MShares
$9.6MNet 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 -0.73%, down 55 bps year over year; NIM at 2.82%.
  • Asset quality: problem loans at 1.04% of loans (+43 bps YoY).
  • Capital: net worth / assets of 6.67%, down 56 bps from a year ago.
  • Funding: loans stand at 46.19% of shares as of Q1 2024.

Financial Results

Return on Assets (YTD, annualized)

-0.73%-55 bps YoY

Net Interest Margin (YTD, annualized)

2.82%-60 bps YoY

Efficiency Ratio (YTD, annualized)

106.33%+2,216 bps YoY

Net Worth / Assets

6.67%-56 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets-0.17%-0.08%-0.15%-0.22%-0.73%-55 bps
Return on Equity-2.41%-1.16%-2.17%-3.12%-10.90%-850 bps
Net Interest Margin3.41%3.43%3.29%3.32%2.82%-60 bps
Efficiency Ratio84.17%84.56%86.39%90.73%106.33%+2,216 bps
Growth
Asset Growth (YoY)1.10%1.59%3.08%0.36%2.99%+189 bps
Loan Growth (YoY)-10.27%-14.59%-19.27%-22.88%-24.42%-1,415 bps
Share Growth (YoY)1.66%2.00%3.45%0.44%3.78%+213 bps
Asset Quality
Delinquent Loans / Loans0.61%0.56%0.31%0.77%1.04%+43 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.85%0.97%1.09%0.00%0.00%-85 bps
Capital
Risk-Based Capital7.24%7.31%7.12%7.17%6.67%-56 bps
Net Worth / Assets7.24%7.31%7.12%7.17%6.67%-56 bps
Liquidity & Funding
Loans / Shares63.43%60.73%55.83%52.86%46.19%-1,724 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps