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Ingalls Employees

Pascagoula, MS · Charter 63637

NCUA · 13 branches

Q3 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: Q3 2023, the quarter ended September 30, 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

Ingalls Employees

Pascagoula, MS · Charter 63637

NCUA · 13 branches

Q3 2023

$386.0MAssets
$256.4MLoans
$322.5MShares
$58.1MNet 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 1.76%, up 77 bps year over year; NIM at 4.56%.
  • Asset quality: problem loans at 0.57% of loans (+6 bps YoY).
  • Capital: net worth / assets of 15.07%, up 322 bps from a year ago.
  • Funding: loans stand at 79.49% of shares as of Q3 2023.

Financial Results

Return on Assets (YTD, annualized)

1.76%+77 bps YoY

Net Interest Margin (YTD, annualized)

4.56%+200 bps YoY

Efficiency Ratio (YTD, annualized)

69.32%-1,065 bps YoY

Net Worth / Assets

15.07%+322 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets0.98%1.02%1.59%2.18%1.76%+77 bps
Return on Equity8.29%8.03%12.03%15.06%11.66%+336 bps
Net Interest Margin2.57%3.03%4.11%4.41%4.56%+200 bps
Efficiency Ratio79.98%78.49%70.39%65.50%69.32%-1,065 bps
Growth
Asset Growth (YoY)0.11%-4.39%-8.90%-11.06%-12.14%-1,225 bps
Loan Growth (YoY)11.56%13.72%16.92%18.97%16.22%+466 bps
Share Growth (YoY)-1.96%-7.15%-12.26%-14.76%-15.12%-1,317 bps
Asset Quality
Delinquent Loans / Loans0.50%0.65%0.62%0.47%0.57%+6 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.00%1.95%0.00%0.00%0.00%-200 bps
Capital
Risk-Based Capital11.85%12.68%13.22%14.50%15.07%+322 bps
Net Worth / Assets11.85%12.68%13.22%14.50%15.07%+322 bps
Liquidity & Funding
Loans / Shares58.06%64.28%66.59%73.68%79.49%+2,144 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps