PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Nebraska Rural Electric Association

Lincoln, NE · Charter 61715

NCUA · 1 branch

Q2 2023

$4.3MAssets
$3.0MLoans
$3.5MShares
$832KNet 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 0.22%, up 24 bps year over year; NIM at 4.11%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 19.25%, up 594 bps from a year ago.
  • Funding: loans stand at 85.45% of shares as of Q2 2023.

Financial Results

Return on Assets (quarter, annualized)

0.22%+24 bps YoY

Net Interest Margin (quarter, annualized)

4.11%+233 bps YoY

Efficiency Ratio (quarter, annualized)

91.31%-522 bps YoY

Net Worth / Assets

19.25%+594 bps YoY

Discrete quarter, annualized.

MetricQ2 2022Q3 2022Q4 2022Q1 2023Q2 2023YoY ΔTrend
Earnings
Return on Assets-0.01%-0.09%0.15%3.34%0.22%+24 bps
Return on Equity-0.11%-0.63%1.02%21.19%1.15%+126 bps
Net Interest Margin1.78%1.98%1.89%4.07%4.11%+233 bps
Efficiency Ratio96.53%100.29%88.64%17.67%91.31%-522 bps
Growth
Asset Growth (YoY)-0.71%-7.37%-9.32%-15.23%-30.01%-2,930 bps
Loan Growth (YoY)-8.75%-2.40%-1.23%8.49%6.20%+1,495 bps
Share Growth (YoY)-0.90%-8.43%-10.74%-17.88%-34.85%-3,395 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.47%0.48%0.54%0.72%0.79%+32 bps
Capital
Risk-Based Capital13.31%14.00%14.60%15.76%19.25%+594 bps
Net Worth / Assets13.31%14.00%14.60%15.76%19.25%+594 bps
Liquidity & Funding
Loans / Shares52.42%59.20%60.03%68.46%85.45%+3,303 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps