PackageTrendsPeer
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Erie Insurance Exchange

Erie, PA · Charter 63648

NCUA · 4 branches

Q3 2024

$132.9MAssets
$69.3MLoans
$122.7MShares
$11.3MNet 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 0.42%, down 12 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 0.38% of loans (-33 bps YoY).
  • Capital: net worth / assets of 8.54%, up 43 bps from a year ago.
  • Funding: loans stand at 56.48% of shares as of Q3 2024.

Financial Results

Return on Assets (YTD, annualized)

0.42%-12 bps YoY

Net Interest Margin (YTD, annualized)

3.10%+2 bps YoY

Efficiency Ratio (YTD, annualized)

84.93%+485 bps YoY

Net Worth / Assets

8.54%+43 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets0.54%0.53%0.23%0.36%0.42%-12 bps
Return on Equity6.60%6.43%2.81%4.32%4.92%-168 bps
Net Interest Margin3.08%3.09%2.97%3.03%3.10%+2 bps
Efficiency Ratio80.08%82.18%87.93%86.28%84.93%+485 bps
Growth
Asset Growth (YoY)-6.62%-6.29%-4.56%-4.35%-0.66%+596 bps
Loan Growth (YoY)4.97%0.16%-0.29%0.77%-1.15%-611 bps
Share Growth (YoY)-7.37%-8.04%-6.31%-5.54%-2.88%+448 bps
Asset Quality
Delinquent Loans / Loans0.71%0.51%0.63%0.47%0.38%-33 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital8.11%8.27%8.07%8.25%8.54%+43 bps
Net Worth / Assets8.11%8.27%8.07%8.25%8.54%+43 bps
Liquidity & Funding
Loans / Shares55.49%57.92%54.84%55.49%56.48%+99 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps