PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

CRMC Employees

Douglas, GA · Charter 61262

NCUA · 1 branch

Q2 2024

$3.0MAssets
$2.0MLoans
$2.3MShares
$625KNet 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 1.71%, up 66 bps year over year; NIM at 4.61%.
  • Asset quality: problem loans at 1.62% of loans (+109 bps YoY).
  • Capital: net worth / assets of 20.97%, up 292 bps from a year ago.
  • Funding: loans stand at 83.85% of shares as of Q2 2024.

Financial Results

Return on Assets (YTD, annualized)

1.71%+66 bps YoY

Net Interest Margin (YTD, annualized)

4.61%+113 bps YoY

Efficiency Ratio (YTD, annualized)

61.88%-804 bps YoY

Net Worth / Assets

20.97%+292 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024YoY ΔTrend
Earnings
Return on Assets1.05%1.27%1.48%1.65%1.71%+66 bps
Return on Equity5.80%6.72%7.15%7.99%8.13%+233 bps
Net Interest Margin3.48%3.83%4.25%5.00%4.61%+113 bps
Efficiency Ratio69.92%67.61%65.85%65.97%61.88%-804 bps
Growth
Asset Growth (YoY)-3.17%-7.29%-7.37%-7.59%-6.21%-303 bps
Loan Growth (YoY)44.34%37.62%36.29%36.87%22.57%-2,177 bps
Share Growth (YoY)-4.00%-8.45%-10.65%-11.51%-9.00%-500 bps
Asset Quality
Delinquent Loans / Loans0.53%0.43%0.03%0.25%1.62%+109 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital18.05%18.91%20.74%20.65%20.97%+292 bps
Net Worth / Assets18.05%18.91%20.74%20.65%20.97%+292 bps
Liquidity & Funding
Loans / Shares62.25%64.17%79.56%82.35%83.85%+2,160 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps