PackageTrendsPeer
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Industrial Employees

Jackson, MS · Charter 60598

NCUA · 3 branches

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

Industrial Employees

Jackson, MS · Charter 60598

NCUA · 3 branches

Q3 2023

$133.5MAssets
$66.7MLoans
$104.1MShares
$26.4MNet Worth

Executive Summary

  • Earnings: ROA of 1.14%, down 30 bps year over year; NIM at 3.74%.
  • Asset quality: problem loans at 0.21% of loans (+7 bps YoY).
  • Capital: net worth / assets of 19.77%, up 203 bps from a year ago.
  • Funding: loans stand at 64.06% of shares as of Q3 2023.

Return on Assets (YTD, annualized)

1.14%-30 bps YoY

Net Interest Margin (YTD, annualized)

3.74%+48 bps YoY

Efficiency Ratio (YTD, annualized)

78.98%0 bps YoY

Net Worth / Assets

19.77%+203 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets1.38%1.36%1.40%1.44%1.47%0.96%1.16%1.14%-30 bps
Return on Equity8.42%8.33%8.25%8.13%7.87%5.07%5.95%5.78%-235 bps
Net Interest Margin3.02%2.93%3.09%3.26%3.41%3.62%3.64%3.74%+48 bps
Efficiency Ratio83.30%82.38%80.35%78.99%77.57%79.59%79.20%78.98%0 bps
Growth
Asset Growth (YoY)8.70%3.89%1.36%0.30%-4.56%-7.43%-6.25%-3.92%-422 bps
Loan Growth (YoY)-5.04%-6.20%-5.52%5.27%15.98%15.42%7.84%2.82%-245 bps
Share Growth (YoY)8.18%2.40%-0.81%-1.93%-8.09%-10.46%-9.30%-6.64%-471 bps
Asset Quality
Delinquent Loans / Loans0.10%0.09%0.04%0.14%0.30%0.19%0.13%0.21%+7 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.65%0.51%0.46%0.47%0.58%0.00%0.00%0.00%-47 bps
Capital
Risk-Based Capital16.38%16.32%17.00%17.73%18.63%18.98%19.54%19.77%+203 bps
Net Worth / Assets16.38%16.32%17.00%17.73%18.63%18.98%19.54%19.77%+203 bps
Liquidity & Funding
Loans / Shares49.16%47.98%53.22%58.16%62.04%61.86%63.28%64.06%+590 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps