PackageTrendsPeer
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Flasher Community

Flasher, ND · Charter 64240

NCUA · 2 branches

Q1 2024

$12.3MAssets
$7.8MLoans
$11.0MShares
$1.2MNet 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 -0.99%, 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.

Financial Results

Return on Assets (quarter, annualized)

-0.99%-175 bps YoY

Net Interest Margin (quarter, annualized)

4.04%+55 bps YoY

Efficiency Ratio (quarter, annualized)

100.53%+1,997 bps YoY

Net Worth / Assets

9.84%+107 bps YoY

Discrete quarter, annualized.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets0.76%0.85%0.72%0.22%-0.99%-175 bps
Return on Equity8.66%9.45%7.49%2.42%-10.09%-1,874 bps
Net Interest Margin3.50%3.44%3.62%3.70%4.04%+55 bps
Efficiency Ratio80.56%78.01%82.32%94.93%100.53%+1,997 bps
Growth
Asset Growth (YoY)-8.20%-11.22%-10.37%-14.53%-12.85%-465 bps
Loan Growth (YoY)38.36%13.77%13.15%-20.05%-24.19%-6,255 bps
Share Growth (YoY)-9.33%-12.90%-12.13%-16.13%-14.76%-543 bps
Asset Quality
Delinquent Loans / Loans1.51%2.93%2.92%2.63%0.98%-53 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 Capital8.76%9.02%9.56%9.24%9.84%+107 bps
Net Worth / Assets8.76%9.02%9.56%9.24%9.84%+107 bps
Liquidity & Funding
Loans / Shares80.18%73.60%81.58%70.79%71.31%-887 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps