PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Commonwealth

Frankfort, KY · Charter 61437

NCUA · 18 branches

Q4 2024

$2.5BAssets
$1.8BLoans
$2.1BShares
$282.0MNet 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 1.16%, up 35 bps year over year; NIM at 3.06%.
  • Asset quality: problem loans at 0.70% of loans (+19 bps YoY).
  • Capital: net worth / assets of 11.39%, down 12 bps from a year ago.
  • Funding: loans stand at 84.71% of shares as of Q4 2024.

Financial Results

Return on Assets (YTD, annualized)

1.16%+35 bps YoY

Net Interest Margin (YTD, annualized)

3.06%+1 bps YoY

Efficiency Ratio (YTD, annualized)

64.67%-828 bps YoY

Net Worth / Assets

11.39%-12 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2023Q1 2024Q2 2024Q3 2024Q4 2024YoY ΔTrend
Earnings
Return on Assets0.81%2.36%1.36%1.43%1.16%+35 bps
Return on Equity7.00%20.05%11.39%12.09%10.14%+314 bps
Net Interest Margin3.05%3.03%3.15%3.11%3.06%+1 bps
Efficiency Ratio72.96%54.27%64.12%62.86%64.67%-828 bps
Growth
Asset Growth (YoY)9.06%9.22%6.81%9.86%11.75%+269 bps
Loan Growth (YoY)10.26%9.17%11.55%12.41%10.37%+11 bps
Share Growth (YoY)9.38%8.83%6.59%8.50%12.01%+264 bps
Asset Quality
Delinquent Loans / Loans0.51%0.43%0.62%0.65%0.70%+19 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 Capital11.51%11.78%11.92%11.79%11.39%-12 bps
Net Worth / Assets11.51%11.78%11.92%11.79%11.39%-12 bps
Liquidity & Funding
Loans / Shares85.98%85.26%88.72%87.68%84.71%-126 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps