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Letter portraitLegal landscapeQuarterYTD

Davenport Police Department

Davenport, IA · Charter 61691

NCUA · 1 branch

Q1 2023

$4.9MAssets
$1.5MLoans
$4.3MShares
$609KNet Worth

Executive Summary

  • Earnings: ROA of 0.23%, up 18 bps year over year; NIM at 1.96%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 12.42%, up 108 bps from a year ago.
  • Funding: loans stand at 34.56% of shares as of Q1 2023.

Return on Assets (YTD, annualized)

0.23%+18 bps YoY

Net Interest Margin (YTD, annualized)

1.96%+71 bps YoY

Efficiency Ratio (YTD, annualized)

88.47%-766 bps YoY

Net Worth / Assets

12.42%+108 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023YoY ΔTrend
Earnings
Return on Assets0.13%0.15%0.12%0.05%0.03%0.05%0.05%0.23%+18 bps
Return on Equity1.08%1.22%1.01%0.45%0.29%0.41%0.44%1.88%+143 bps
Net Interest Margin1.66%1.61%1.51%1.24%1.28%1.43%1.53%1.96%+71 bps
Efficiency Ratio92.35%91.19%92.53%96.13%97.59%96.83%96.75%88.47%-766 bps
Growth
Asset Growth (YoY)8.40%9.60%11.58%11.67%10.22%6.77%1.08%-7.98%-1,964 bps
Loan Growth (YoY)-9.46%-9.74%-0.97%-1.75%6.49%6.03%1.07%-1.02%+73 bps
Share Growth (YoY)9.54%11.04%13.19%13.23%11.61%7.53%1.06%-9.17%-2,241 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans1.25%1.27%1.24%1.20%1.17%1.20%1.23%1.22%+1 bps
Capital
Risk-Based Capital12.40%12.33%11.80%11.34%11.33%11.60%11.72%12.42%+108 bps
Net Worth / Assets12.40%12.33%11.80%11.34%11.33%11.60%11.72%12.42%+108 bps
Liquidity & Funding
Loans / Shares34.18%33.14%32.22%31.71%32.61%32.67%32.22%34.56%+285 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps