PackageTrendsPeer
Letter portraitLegal landscape

Des Moines Water Works

Des Moines, IA · Charter 63486

NCUA · 2 branches

Q1 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: Q1 2022, the quarter ended March 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

Des Moines Water Works

Des Moines, IA · Charter 63486

NCUA · 2 branches

Q1 2022

$1.1MAssets
$750KLoans
$985KShares
$131KNet 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 -20.20%, down 2,023 bps year over year; NIM at 3.19%.
  • Asset quality: problem loans at 5.86% of loans (-60 bps YoY).
  • Capital: net worth / assets of 11.72%, down 63 bps from a year ago.
  • Funding: loans stand at 76.16% of shares as of Q1 2022.

Financial Results

Return on Assets (YTD, annualized)

-20.20%-2,023 bps YoY

Net Interest Margin (YTD, annualized)

3.19%+1 bps YoY

Efficiency Ratio (YTD, annualized)

387%+29,636 bps YoY

Net Worth / Assets

11.72%-63 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2021Q2 2021Q3 2021Q4 2021Q1 2022YoY ΔTrend
Earnings
Return on Assets0.03%-0.02%-0.11%-0.15%-20.20%-2,023 bps
Return on Equity0.23%-0.13%-0.78%-0.99%-172.36%-17,259 bps
Net Interest Margin3.18%3.41%3.50%3.86%3.19%+1 bps
Efficiency Ratio90.91%94.14%96.69%97.03%387%+29,636 bps
Growth
Asset Growth (YoY)-0.41%-14.93%-14.03%-18.72%-27.13%-2,672 bps
Loan Growth (YoY)-20.92%-18.59%-16.50%-18.38%-12.92%+800 bps
Share Growth (YoY)-0.34%-16.49%-15.57%-20.97%-26.34%-2,600 bps
Asset Quality
Delinquent Loans / Loans6.46%6.64%5.76%5.86%5.86%-60 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.33%1.50%1.59%1.79%1.91%+59 bps
Capital
Risk-Based Capital12.35%13.69%14.16%15.41%11.72%-63 bps
Net Worth / Assets12.35%13.69%14.16%15.41%11.72%-63 bps
Liquidity & Funding
Loans / Shares64.42%68.61%74.20%80.23%76.16%+1,174 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps