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Otter Tail Power Employees

Fergus Falls, MN · Charter 64343

NCUA · 1 branch

Q2 2021

$16.6MAssets
$5.3MLoans
$15.1MShares
$1.5MNet 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 0.00%, down 23 bps year over year; NIM at 1.48%.
  • Asset quality: problem loans at 0.52% of loans (+52 bps YoY).
  • Capital: net worth / assets of 8.76%, down 102 bps from a year ago.
  • Funding: loans stand at 35.03% of shares as of Q2 2021.

Financial Results

Return on Assets (quarter, annualized)

0.00%-23 bps YoY

Net Interest Margin (quarter, annualized)

1.48%-94 bps YoY

Efficiency Ratio (quarter, annualized)

99.91%+916 bps YoY

Net Worth / Assets

8.76%-102 bps YoY

Discrete quarter, annualized.

MetricQ2 2020Q3 2020Q4 2020Q1 2021Q2 2021YoY ΔTrend
Earnings
Return on Assets0.23%0.20%0.11%0.42%0.00%-23 bps
Return on Equity2.32%2.05%1.13%4.71%0.02%-230 bps
Net Interest Margin2.42%2.31%2.19%1.44%1.48%-94 bps
Efficiency Ratio90.75%91.62%95.19%80.45%99.91%+916 bps
Growth
Asset Growth (YoY)3.18%5.42%13.12%16.42%11.65%+848 bps
Loan Growth (YoY)-0.28%-4.14%-7.69%-2.83%0.72%+100 bps
Share Growth (YoY)3.11%5.74%14.58%18.14%13.01%+990 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.49%0.52%+52 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.51%0.50%0.50%0.48%0.50%0 bps
Capital
Risk-Based Capital9.79%9.60%9.44%8.95%8.76%-102 bps
Net Worth / Assets9.79%9.60%9.44%8.95%8.76%-102 bps
Liquidity & Funding
Loans / Shares39.30%38.49%38.21%37.05%35.03%-428 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps