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Letter portraitLegal landscapeQuarterYTD

Tazewell County School Employees

Pekin, IL · Charter 63672

NCUA · 2 branches

Q3 2024

$24.6MAssets
$6.1MLoans
$21.6MShares
$3.2MNet 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 -0.10%, down 20 bps year over year; NIM at 2.19%.
  • Asset quality: problem loans at 0.09% of loans (-3 bps YoY).
  • Capital: net worth / assets of 13.16%, up 26 bps from a year ago.
  • Funding: loans stand at 28.34% of shares as of Q3 2024.

Financial Results

Return on Assets (quarter, annualized)

-0.10%-20 bps YoY

Net Interest Margin (quarter, annualized)

2.19%+22 bps YoY

Efficiency Ratio (quarter, annualized)

104.46%+900 bps YoY

Net Worth / Assets

13.16%+26 bps YoY

Discrete quarter, annualized.

MetricQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets0.10%0.04%-0.06%-0.11%-0.10%-20 bps
Return on Equity0.75%0.29%-0.48%-0.86%-0.78%-153 bps
Net Interest Margin1.97%2.00%2.00%2.11%2.19%+22 bps
Efficiency Ratio95.47%97.85%102.94%104.96%104.46%+900 bps
Growth
Asset Growth (YoY)1.82%-0.24%0.59%-5.18%-8.26%-1,009 bps
Loan Growth (YoY)9.01%12.19%9.37%6.51%0.07%-894 bps
Share Growth (YoY)3.49%0.63%0.66%-2.48%-7.48%-1,097 bps
Asset Quality
Delinquent Loans / Loans0.12%0.13%0.10%0.09%0.09%-3 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 Capital12.89%13.15%13.04%12.81%13.16%+26 bps
Net Worth / Assets12.89%13.15%13.04%12.81%13.16%+26 bps
Liquidity & Funding
Loans / Shares26.20%27.55%27.39%28.31%28.34%+214 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps