Morristown, TN · Charter 60527
NCUA · 3 branches
Q1 2024
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Morristown, TN · Charter 60527
NCUA · 3 branches
Q1 2024
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.43% | 0.43% | 0.50% | -0.17% | -0.08% | -0.15% | -0.22% | -0.73% | -55 bps | |
| Return on Equity | 5.97% | 5.92% | 6.70% | -2.41% | -1.16% | -2.17% | -3.12% | -10.90% | -850 bps | |
| Net Interest Margin | 3.22% | 3.30% | 3.37% | 3.41% | 3.43% | 3.29% | 3.32% | 2.82% | -60 bps | |
| Efficiency Ratio | 83.40% | 83.15% | 81.18% | 84.17% | 84.56% | 86.39% | 90.73% | 106.33% | +2,216 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 6.48% | 3.12% | 1.00% | 1.10% | 1.59% | 3.08% | 0.36% | 2.99% | +189 bps | |
| Loan Growth (YoY) | 11.50% | 7.10% | -0.33% | -10.27% | -14.59% | -19.27% | -22.88% | -24.42% | -1,415 bps | |
| Share Growth (YoY) | 7.83% | 4.85% | 2.39% | 1.66% | 2.00% | 3.45% | 0.44% | 3.78% | +213 bps | |
| Asset Quality | ||||||||||
| Delinquent Loans / Loans | 0.69% | 1.13% | 0.88% | 0.61% | 0.56% | 0.31% | 0.77% | 1.04% | +43 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 0.62% | 0.65% | 0.69% | 0.85% | 0.97% | 1.09% | 0.00% | 0.00% | -85 bps | |
| Capital | ||||||||||
| Risk-Based Capital | 7.18% | 7.28% | 7.42% | 7.24% | 7.31% | 7.12% | 7.17% | 6.67% | -56 bps | |
| Net Worth / Assets | 7.18% | 7.28% | 7.42% | 7.24% | 7.31% | 7.12% | 7.17% | 6.67% | -56 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Shares | 72.53% | 71.54% | 68.85% | 63.43% | 60.73% | 55.83% | 52.86% | 46.19% | -1,724 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |