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North Dakota Air National Guard

Fargo, ND · Charter 62722

NCUA · 2 branches

Q4 2023

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: Q4 2023, the quarter ended December 31, 2023, 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

North Dakota Air National Guard

Fargo, ND · Charter 62722

NCUA · 2 branches

Q4 2023

$29.8MAssets
$13.7MLoans
$26.9MShares
$2.3MNet Worth

Executive Summary

  • Earnings: ROA of -0.83%, down 78 bps year over year; NIM at 2.29%.
  • Asset quality: problem loans at 1.18% of loans (+20 bps YoY).
  • Capital: net worth / assets of 7.80%, down 38 bps from a year ago.
  • Funding: loans stand at 50.97% of shares as of Q4 2023.

Return on Assets (YTD, annualized)

-0.83%-78 bps YoY

Net Interest Margin (YTD, annualized)

2.29%+18 bps YoY

Efficiency Ratio (YTD, annualized)

133.14%+3,299 bps YoY

Net Worth / Assets

7.80%-38 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets-0.39%-0.22%-0.03%-0.06%0.00%0.22%0.40%-0.83%-78 bps
Return on Equity-4.91%-2.62%-0.37%-0.69%-0.01%2.63%4.60%-10.70%-1,001 bps
Net Interest Margin2.09%2.11%2.10%2.12%2.33%2.41%2.49%2.29%+18 bps
Efficiency Ratio107.96%104.66%98.34%100.16%92.69%91.61%85.26%133.14%+3,299 bps
Growth
Asset Growth (YoY)5.84%0.93%2.26%-1.22%-2.73%-1.43%-3.57%-5.26%-404 bps
Loan Growth (YoY)-1.96%0.75%0.14%4.02%5.59%7.91%9.94%-2.60%-662 bps
Share Growth (YoY)6.27%0.97%2.20%-1.26%-2.92%-1.57%-3.78%-6.53%-527 bps
Asset Quality
Delinquent Loans / Loans0.89%1.17%1.05%0.98%1.06%1.17%0.33%1.18%+20 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.50%0.56%0.54%0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital7.98%8.27%8.24%8.18%8.25%8.50%8.77%7.80%-38 bps
Net Worth / Assets7.98%8.27%8.24%8.18%8.25%8.50%8.77%7.80%-38 bps
Liquidity & Funding
Loans / Shares45.91%48.43%47.62%48.91%49.93%53.10%54.41%50.97%+206 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps