Salt Lake City, UT · Charter 67165
NCUA · 1 branch
Q2 2024
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2024, the quarter ended June 30, 2024, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
Credit unions under $1B in assets (n=1,748 to 1,753). Each measure ranks only the institutions that reported it, so n varies by measure.
Peer groups below the disclosure floor are suppressed.
Capital
74
Asset Quality
55
Profitability
40
Liquidity
45
Efficiency
19
Growth
No peer data yet
Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.
Salt Lake City, UT · Charter 67165
NCUA · 1 branch
Q2 2024
NIM decomposition not available for credit unions
Non-interest trend not available for credit unions
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 1.20% | 0.97% | 0.72% | -3.54% | 0.36% | -84 bps | |
| Return on Equity | 9.06% | 6.88% | 4.97% | -23.26% | 2.32% | -674 bps | |
| Net Interest Margin | 4.00% | 4.19% | 4.21% | 3.80% | 3.73% | -26 bps | |
| Efficiency Ratio | 71.10% | 77.16% | 82.20% | 90.30% | 91.14% | +2,004 bps | |
| Growth | |||||||
| Asset Growth (YoY) | -5.60% | -8.04% | -12.40% | -15.69% | -12.64% | -705 bps | |
| Loan Growth (YoY) | 45.17% | 29.47% | 15.80% | -0.22% | -9.10% | -5,426 bps | |
| Share Growth (YoY) | -6.98% | -9.73% | -14.66% | -18.51% | -14.72% | -774 bps | |
| Asset Quality | |||||||
| Delinquent Loans / Loans | 0.00% | 0.68% | 0.69% | 0.00% | 0.52% | +52 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Capital | |||||||
| Risk-Based Capital | 13.24% | 14.10% | 14.48% | 15.23% | 15.34% | +210 bps | |
| Net Worth / Assets | 13.24% | 14.10% | 14.48% | 15.23% | 15.34% | +210 bps | |
| Liquidity & Funding | |||||||
| Loans / Shares | 80.12% | 85.67% | 87.21% | 89.36% | 85.41% | +529 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
Salt Lake City, UT · Charter 67165 · Peer group: credit unions under $1B in assets (n=1,748-1,753)
NCUA · 1 branch
Q2 2024
Return on Assets
0.37%
Rank 1,180 of 1,753
Net Interest Margin
3.72%
Rank 751 of 1,752
Efficiency Ratio
91.60%
Rank 1,414 of 1,748
Equity / Assets
15.33%
Rank 458 of 1,752
| Metric | Your Credit Union | Peer 25th | Peer Median | Peer 75th | Standing | Rank | Peer Position |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.37% | 0.23% | 0.68% | 1.19% | Beats 33% | 1,180 / 1,753 | |
| Return on Equity | 2.41% | 1.80% | 5.29% | 9.05% | Beats 29% | 1,236 / 1,750 | |
| Net Interest Margin | 3.72% | 2.98% | 3.54% | 4.20% | Beats 57% | 751 / 1,752 | |
| Efficiency Ratio | 91.60% | 69.58% | 78.86% | 88.33% | Beats 19% | 1,414 / 1,748 | |
| Asset Quality | |||||||
| Nonperforming Loans / Loans | 0.51% | 0.22% | 0.59% | 1.20% | Beats 55% | 791 / 1,748 | |
| Net Charge-Offs / Loans | n/a | Not reported for this institution | |||||
| Capital | |||||||
| Tier 1 Capital Ratio | 15.34% | 9.91% | 12.21% | 15.57% | Beats 74% | 458 / 1,753 | |
| Total Risk-Based Capital Ratio | n/a | Not reported for this institution | |||||
| Equity / Assets | 15.33% | 9.91% | 12.21% | 15.57% | Beats 74% | 458 / 1,752 | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 85.41% | 55.88% | 73.01% | 86.61% | 73rd pctl | 469 / 1,750 | |
| Loans / Assets | 72.39% | 48.21% | 62.51% | 73.23% | 73rd pctl | 474 / 1,752 | |
| Brokered Deposits / Deposits | n/a | Not reported for this institution | |||||