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N.W. Iowa

Le Mars, IA · Charter 63399

NCUA · 1 branch

Q4 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: Q4 2022, the quarter ended December 31, 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

N.W. Iowa

Le Mars, IA · Charter 63399

NCUA · 1 branch

Q4 2022

$87.3MAssets
$50.9MLoans
$78.3MShares
$7.8MNet Worth

Executive Summary

  • Earnings: ROA of -0.55%, down 143 bps year over year; NIM at 2.06%.
  • Asset quality: problem loans at 0.00% of loans (-2 bps YoY).
  • Capital: net worth / assets of 8.93%, down 186 bps from a year ago.
  • Funding: loans stand at 64.98% of shares as of Q4 2022.

Return on Assets (YTD, annualized)

-0.55%-143 bps YoY

Net Interest Margin (YTD, annualized)

2.06%+9 bps YoY

Efficiency Ratio (YTD, annualized)

119.42%+5,416 bps YoY

Net Worth / Assets

8.93%-186 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022YoY ΔTrend
Earnings
Return on Assets0.64%0.78%0.95%0.87%0.58%0.55%0.65%-0.55%-143 bps
Return on Equity5.97%7.20%8.54%8.10%5.65%5.36%6.62%-6.18%-1,428 bps
Net Interest Margin1.83%1.93%2.04%1.97%1.89%1.91%1.89%2.06%+9 bps
Efficiency Ratio67.63%66.20%63.03%65.26%74.34%76.89%73.31%119.42%+5,416 bps
Growth
Asset Growth (YoY)24.52%17.86%15.23%16.68%12.55%14.08%21.47%15.72%-96 bps
Loan Growth (YoY)5.95%12.58%16.14%14.07%19.54%9.63%7.66%8.48%-559 bps
Share Growth (YoY)27.01%19.31%16.23%17.72%13.04%14.77%23.01%16.34%-138 bps
Asset Quality
Delinquent Loans / Loans0.51%0.07%0.04%0.02%0.01%0.01%0.00%0.00%-2 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.22%0.12%0.08%0.08%0.12%0.14%0.13%0.12%+4 bps
Capital
Risk-Based Capital10.64%10.84%11.08%10.79%10.32%10.32%9.90%8.93%-186 bps
Net Worth / Assets10.64%10.84%11.08%10.79%10.32%10.32%9.90%8.93%-186 bps
Liquidity & Funding
Loans / Shares63.80%69.31%72.60%69.69%67.47%66.21%63.54%64.98%-471 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps