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Letcher County Teachers

Whitesburg, KY · Charter 62303

NCUA · 1 branch

Q3 2022

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2022, the quarter ended September 30, 2022, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Letcher County Teachers

Whitesburg, KY · Charter 62303

NCUA · 1 branch

Q3 2022

$1.3MAssets
$288KLoans
$1.0MShares
$246KNet 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 -0.06%, down 23 bps year over year; NIM at 3.39%.
  • Asset quality: problem loans at 0.48% of loans (+48 bps YoY).
  • Capital: net worth / assets of 19.68%, up 2 bps from a year ago.
  • Funding: loans stand at 28.64% of shares as of Q3 2022.

Financial Results

Return on Assets (YTD, annualized)

-0.06%-23 bps YoY

Net Interest Margin (YTD, annualized)

3.39%-60 bps YoY

Efficiency Ratio (YTD, annualized)

118.72%+2,292 bps YoY

Net Worth / Assets

19.68%+2 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets0.17%0.41%0.40%-0.07%-0.06%-23 bps
Return on Equity0.89%1.95%1.91%-0.34%-0.29%-118 bps
Net Interest Margin3.99%4.01%4.75%4.17%3.39%-60 bps
Efficiency Ratio95.80%90.23%92.18%101.57%118.72%+2,292 bps
Growth
Asset Growth (YoY)4.60%8.28%3.07%-0.06%1.38%-322 bps
Loan Growth (YoY)-15.43%-23.17%-25.49%-30.56%-39.23%-2,380 bps
Share Growth (YoY)6.59%10.39%3.53%-0.76%1.35%-524 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%2.29%2.58%0.48%+48 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.55%2.76%3.33%1.93%2.43%-12 bps
Capital
Risk-Based Capital19.65%21.09%20.77%20.75%19.68%+2 bps
Net Worth / Assets19.65%21.09%20.77%20.75%19.68%+2 bps
Liquidity & Funding
Loans / Shares47.76%47.50%39.35%34.67%28.64%-1,912 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps