PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Providence Credit Union

Southfield, MI · Charter 62517

NCUA · 1 branch

Q4 2024

$28.4MAssets
$8.1MLoans
$23.9MShares
$3.4MNet Worth

Executive Summary

  • Earnings: ROA of -0.35%, up 28 bps year over year; NIM at 1.93%.
  • Asset quality: problem loans at 0.54% of loans (-4 bps YoY).
  • Capital: net worth / assets of 12.01%, down 3 bps from a year ago.
  • Funding: loans stand at 34.01% of shares as of Q4 2024.

Return on Assets (quarter, annualized)

-0.35%+28 bps YoY

Net Interest Margin (quarter, annualized)

1.93%-16 bps YoY

Efficiency Ratio (quarter, annualized)

110.34%-540 bps YoY

Net Worth / Assets

12.01%-3 bps YoY

Discrete quarter, annualized.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024YoY ΔTrend
Earnings
Return on Assets-0.47%-0.34%-0.55%-0.63%-0.35%-0.38%-0.46%-0.35%+28 bps
Return on Equity-4.00%-2.85%-4.53%-5.21%-2.92%-3.18%-3.87%-2.89%+233 bps
Net Interest Margin2.28%2.22%2.11%2.09%2.00%2.00%1.91%1.93%-16 bps
Efficiency Ratio106.90%109.08%114.09%115.74%116.67%113.75%113.98%110.34%-540 bps
Growth
Asset Growth (YoY)-1.98%-3.14%-4.18%-6.19%-6.84%-4.35%-2.52%-2.54%+365 bps
Loan Growth (YoY)6.54%3.89%6.14%-2.31%-4.53%-5.60%-12.25%-6.69%-437 bps
Share Growth (YoY)-3.76%-3.81%-10.58%-8.30%-4.71%-6.09%-2.54%-9.84%-153 bps
Asset Quality
Delinquent Loans / Loans0.70%0.37%0.53%0.58%0.79%0.89%0.71%0.54%-4 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital11.75%12.11%12.07%12.04%12.02%12.01%11.82%12.01%-3 bps
Net Worth / Assets11.75%12.11%12.07%12.04%12.02%12.01%11.82%12.01%-3 bps
Liquidity & Funding
Loans / Shares32.23%32.41%35.63%32.87%32.29%32.58%32.08%34.01%+115 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps