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Flasher Community

Flasher, ND · Charter 64240

NCUA · 2 branches

Q1 2024

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 2024, the quarter ended March 31, 2024, 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

Flasher Community

Flasher, ND · Charter 64240

NCUA · 2 branches

Q1 2024

$12.3MAssets
$7.8MLoans
$11.0MShares
$1.2MNet Worth

Executive Summary

  • Earnings: ROA of -0.99%, down 175 bps year over year; NIM at 4.04%.
  • Asset quality: problem loans at 0.98% of loans (-53 bps YoY).
  • Capital: net worth / assets of 9.84%, up 107 bps from a year ago.
  • Funding: loans stand at 71.31% of shares as of Q1 2024.

Return on Assets (YTD, annualized)

-0.99%-175 bps YoY

Net Interest Margin (YTD, annualized)

4.04%+55 bps YoY

Efficiency Ratio (YTD, annualized)

100.53%+1,997 bps YoY

Net Worth / Assets

9.84%+107 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets0.24%0.44%0.38%0.76%0.85%0.72%0.22%-0.99%-175 bps
Return on Equity3.30%5.50%4.95%8.66%9.45%7.49%2.42%-10.09%-1,874 bps
Net Interest Margin2.08%2.61%2.66%3.50%3.44%3.62%3.70%4.04%+55 bps
Efficiency Ratio91.14%86.17%87.91%80.56%78.01%82.32%94.93%100.53%+1,997 bps
Growth
Asset Growth (YoY)14.45%7.58%6.73%-8.20%-11.22%-10.37%-14.53%-12.85%-465 bps
Loan Growth (YoY)5.04%13.22%54.61%38.36%13.77%13.15%-20.05%-24.19%-6,255 bps
Share Growth (YoY)15.29%7.96%4.88%-9.33%-12.90%-12.13%-16.13%-14.76%-543 bps
Asset Quality
Delinquent Loans / Loans0.25%0.00%1.47%1.51%2.93%2.92%2.63%0.98%-53 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans1.18%1.12%0.91%0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital7.38%8.02%7.71%8.76%9.02%9.56%9.24%9.84%+107 bps
Net Worth / Assets7.38%8.02%7.71%8.76%9.02%9.56%9.24%9.84%+107 bps
Liquidity & Funding
Loans / Shares56.35%63.36%74.26%80.18%73.60%81.58%70.79%71.31%-887 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps