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Chippewa County

Sault Ste Marie, MI · Charter 61416

NCUA · 3 branches

Q4 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: Q4 2023, the quarter ended December 31, 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

Chippewa County

Sault Ste Marie, MI · Charter 61416

NCUA · 3 branches

Q4 2023

$37.2MAssets
$18.3MLoans
$32.8MShares
$4.2MNet 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 0.76%, up 37 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 1.60% of loans (-93 bps YoY).
  • Capital: net worth / assets of 11.27%, up 124 bps from a year ago.
  • Funding: loans stand at 55.78% of shares as of Q4 2023.

Financial Results

Return on Assets (YTD, annualized)

0.76%+37 bps YoY

Net Interest Margin (YTD, annualized)

3.58%+70 bps YoY

Efficiency Ratio (YTD, annualized)

84.24%-566 bps YoY

Net Worth / Assets

11.27%+124 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets0.39%0.34%0.56%0.86%0.76%+37 bps
Return on Equity3.84%3.33%5.37%7.86%6.74%+290 bps
Net Interest Margin2.89%2.93%3.12%3.34%3.58%+70 bps
Efficiency Ratio89.90%92.34%88.09%82.34%84.24%-566 bps
Growth
Asset Growth (YoY)0.33%-2.66%-1.76%-2.16%-2.71%-304 bps
Loan Growth (YoY)8.29%7.41%5.63%1.18%-0.70%-899 bps
Share Growth (YoY)0.20%-3.50%-2.53%-3.56%-3.92%-411 bps
Asset Quality
Delinquent Loans / Loans2.53%1.29%0.89%0.96%1.60%-93 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.20%0.00%0.00%0.00%0.00%-120 bps
Capital
Risk-Based Capital10.03%10.31%10.43%10.93%11.27%+124 bps
Net Worth / Assets10.03%10.31%10.43%10.93%11.27%+124 bps
Liquidity & Funding
Loans / Shares53.97%52.67%53.95%54.89%55.78%+181 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps