PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Town and Country

Harlan, IA · Charter 65168

NCUA · 2 branches

Q3 2024

$32.9MAssets
$25.3MLoans
$31.1MShares
$1.4MNet 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 -4.80%, down 587 bps year over year; NIM at 3.55%.
  • Asset quality: problem loans at 3.02% of loans (+212 bps YoY).
  • Capital: net worth / assets of 4.36%, down 475 bps from a year ago.
  • Funding: loans stand at 81.36% of shares as of Q3 2024.

Financial Results

Return on Assets (YTD, annualized)

-4.80%-587 bps YoY

Net Interest Margin (YTD, annualized)

3.55%-55 bps YoY

Efficiency Ratio (YTD, annualized)

131.15%+5,275 bps YoY

Net Worth / Assets

4.36%-475 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets1.07%-1.67%-0.38%-3.78%-4.80%-587 bps
Return on Equity11.80%-22.02%-6.00%-66.98%-110.12%-12,191 bps
Net Interest Margin4.10%4.54%3.67%3.12%3.55%-55 bps
Efficiency Ratio78.40%93.27%108.14%129.20%131.15%+5,275 bps
Growth
Asset Growth (YoY)6.45%-7.52%-1.87%-8.27%-14.44%-2,090 bps
Loan Growth (YoY)2.99%-4.61%-7.33%-10.66%-12.96%-1,595 bps
Share Growth (YoY)1.29%-3.88%4.24%-1.17%-5.34%-662 bps
Asset Quality
Delinquent Loans / Loans0.90%0.83%0.64%0.62%3.02%+212 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 Capital9.11%7.58%6.40%5.65%4.36%-475 bps
Net Worth / Assets9.11%7.58%6.40%5.65%4.36%-475 bps
Liquidity & Funding
Loans / Shares88.49%90.22%82.08%82.70%81.36%-712 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps