PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Teamsters

Detroit, MI · Charter 61791

NCUA · 1 branch

Q3 2024

$13.7MAssets
$4.4MLoans
$12.4MShares
$1.2MNet 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 -2.43%, down 320 bps year over year; NIM at 3.80%.
  • Asset quality: problem loans at 7.73% of loans (+486 bps YoY).
  • Capital: net worth / assets of 9.10%, down 253 bps from a year ago.
  • Funding: loans stand at 35.01% of shares as of Q3 2024.

Financial Results

Return on Assets (YTD, annualized)

-2.43%-320 bps YoY

Net Interest Margin (YTD, annualized)

3.80%+49 bps YoY

Efficiency Ratio (YTD, annualized)

91.29%+1,101 bps YoY

Net Worth / Assets

9.10%-253 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets0.78%-2.07%-1.25%-0.90%-2.43%-320 bps
Return on Equity6.67%-22.02%-12.55%-8.49%-26.67%-3,334 bps
Net Interest Margin3.31%3.31%3.79%3.77%3.80%+49 bps
Efficiency Ratio80.28%113.00%118.74%94.31%91.29%+1,101 bps
Growth
Asset Growth (YoY)-4.86%-10.43%-15.74%-21.21%-20.80%-1,594 bps
Loan Growth (YoY)-0.83%-7.34%-9.30%-17.63%-18.10%-1,727 bps
Share Growth (YoY)-7.41%-9.76%-14.81%-21.21%-17.96%-1,055 bps
Asset Quality
Delinquent Loans / Loans2.87%7.38%10.82%8.12%7.73%+486 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 Capital11.63%9.42%9.93%10.58%9.10%-253 bps
Net Worth / Assets11.63%9.42%9.93%10.58%9.10%-253 bps
Liquidity & Funding
Loans / Shares35.07%35.33%36.80%36.90%35.01%-6 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps