PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

United

Council Bluffs, IA · Charter 65557

NCUA · 1 branch

Q1 2024

$18.6MAssets
$5.2MLoans
$17.0MShares
$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 6 bps year over year; NIM at 2.60%.
  • Asset quality: problem loans at 0.30% of loans (+12 bps YoY).
  • Capital: net worth / assets of 7.91%, down 217 bps from a year ago.
  • Funding: loans stand at 30.64% of shares as of Q1 2024.

Financial Results

Return on Assets (YTD, annualized)

0.00%-6 bps YoY

Net Interest Margin (YTD, annualized)

2.60%+30 bps YoY

Efficiency Ratio (YTD, annualized)

99.97%+206 bps YoY

Net Worth / Assets

7.91%-217 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets0.06%-3.66%-2.51%-3.15%0.00%-6 bps
Return on Equity0.58%-43.62%-28.25%-40.36%0.01%-57 bps
Net Interest Margin2.30%2.42%2.49%2.52%2.60%+30 bps
Efficiency Ratio97.91%224%177.50%199.43%99.97%+206 bps
Growth
Asset Growth (YoY)-4.50%-7.11%-9.87%-9.89%-9.34%-484 bps
Loan Growth (YoY)12.09%1.82%-0.25%-4.00%-7.40%-1,949 bps
Share Growth (YoY)-5.23%-6.22%-9.21%-8.41%-7.76%-253 bps
Asset Quality
Delinquent Loans / Loans0.18%0.59%1.20%1.92%0.30%+12 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 Capital10.07%8.39%8.88%7.81%7.91%-217 bps
Net Worth / Assets10.07%8.39%8.88%7.81%7.91%-217 bps
Liquidity & Funding
Loans / Shares30.52%29.94%30.71%30.40%30.64%+12 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps