PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Federal Employees of Chippewa Cnty

Sault Ste Marie, MI · Charter 62105

NCUA · 1 branch

Q4 2023

$16.9MAssets
$11.1MLoans
$14.8MShares
$1.8MNet Worth

Executive Summary

  • Earnings: ROA of 1.99%, up 107 bps year over year; NIM at 3.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 10.48%, up 199 bps from a year ago.
  • Funding: loans stand at 75.28% of shares as of Q4 2023.

Return on Assets (quarter, annualized)

1.99%+107 bps YoY

Net Interest Margin (quarter, annualized)

3.97%+107 bps YoY

Efficiency Ratio (quarter, annualized)

52.92%-1,683 bps YoY

Net Worth / Assets

10.48%+199 bps YoY

Discrete quarter, annualized.

MetricQ1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets0.43%0.66%0.81%0.93%1.76%2.00%2.07%1.99%+107 bps
Return on Equity5.21%7.87%9.81%10.93%20.13%22.08%20.93%19.03%+811 bps
Net Interest Margin2.69%2.70%2.71%2.89%3.41%3.47%3.72%3.97%+107 bps
Efficiency Ratio83.90%76.49%71.52%69.75%53.15%49.01%48.48%52.92%-1,683 bps
Growth
Asset Growth (YoY)2.01%6.89%10.40%11.71%11.96%13.17%4.32%1.37%-1,033 bps
Loan Growth (YoY)6.52%4.84%0.08%2.52%1.62%1.54%0.22%3.36%+83 bps
Share Growth (YoY)1.34%6.55%9.86%11.03%11.34%11.83%1.82%-1.86%-1,290 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.81%0.81%0.83%0.84%0.00%0.00%0.00%0.00%-84 bps
Capital
Risk-Based Capital8.30%8.35%8.25%8.49%8.77%9.07%9.89%10.48%+199 bps
Net Worth / Assets8.30%8.35%8.25%8.49%8.77%9.07%9.89%10.48%+199 bps
Liquidity & Funding
Loans / Shares75.84%75.34%71.72%71.47%69.22%68.41%70.59%75.28%+380 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps