PackageTrendsPeer
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Members First

Madison, WI · Charter 67008

NCUA · 1 branch

Q3 2023

$27.9MAssets
$22.7MLoans
$23.8MShares
$4.0MNet 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 0.46%, up 2 bps year over year; NIM at 4.34%.
  • Asset quality: problem loans at 1.97% of loans (+44 bps YoY).
  • Capital: net worth / assets of 14.33%, up 44 bps from a year ago.
  • Funding: loans stand at 95.46% of shares as of Q3 2023.

Financial Results

Return on Assets (YTD, annualized)

0.46%+2 bps YoY

Net Interest Margin (YTD, annualized)

4.34%+16 bps YoY

Efficiency Ratio (YTD, annualized)

88.52%+333 bps YoY

Net Worth / Assets

14.33%+44 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets0.43%0.46%1.04%1.16%0.46%+2 bps
Return on Equity3.12%3.26%7.52%8.04%3.18%+6 bps
Net Interest Margin4.18%4.26%4.42%4.73%4.34%+16 bps
Efficiency Ratio85.19%86.30%82.37%81.00%88.52%+333 bps
Growth
Asset Growth (YoY)-0.68%-1.07%0.64%-0.84%0.22%+89 bps
Loan Growth (YoY)3.50%5.33%9.73%9.58%4.65%+115 bps
Share Growth (YoY)-1.33%-1.85%-1.15%-0.83%0.41%+174 bps
Asset Quality
Delinquent Loans / Loans1.53%1.10%1.61%1.68%1.97%+44 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.82%0.68%0.00%0.00%0.00%-82 bps
Capital
Risk-Based Capital13.89%13.95%13.77%14.41%14.33%+44 bps
Net Worth / Assets13.89%13.95%13.77%14.41%14.33%+44 bps
Liquidity & Funding
Loans / Shares91.59%91.84%90.47%93.60%95.46%+387 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps