PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Tanner Employees Credit Union

Salt Lake City, UT · Charter 67165

NCUA · 1 branch

Q2 2024

$6.0MAssets
$4.3MLoans
$5.1MShares
$914KNet Worth

Executive Summary

  • Earnings: ROA of 0.36%, down 84 bps year over year; NIM at 3.73%.
  • Asset quality: problem loans at 0.52% of loans (+52 bps YoY).
  • Capital: net worth / assets of 15.34%, up 210 bps from a year ago.
  • Funding: loans stand at 85.41% of shares as of Q2 2024.

Return on Assets (YTD, annualized)

0.36%-84 bps YoY

Net Interest Margin (YTD, annualized)

3.73%-26 bps YoY

Efficiency Ratio (YTD, annualized)

91.14%+2,004 bps YoY

Net Worth / Assets

15.34%+210 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024YoY ΔTrend
Earnings
Return on Assets0.05%0.02%0.77%1.20%0.97%0.72%-3.54%0.36%-84 bps
Return on Equity0.43%0.15%6.26%9.06%6.88%4.97%-23.26%2.32%-674 bps
Net Interest Margin2.46%2.51%3.26%4.00%4.19%4.21%3.80%3.73%-26 bps
Efficiency Ratio98.18%99.36%78.73%71.10%77.16%82.20%90.30%91.14%+2,004 bps
Growth
Asset Growth (YoY)-4.41%1.34%-1.22%-5.60%-8.04%-12.40%-15.69%-12.64%-705 bps
Loan Growth (YoY)7.77%29.04%53.18%45.17%29.47%15.80%-0.22%-9.10%-5,426 bps
Share Growth (YoY)-4.99%1.48%-1.49%-6.98%-9.73%-14.66%-18.51%-14.72%-774 bps
Asset Quality
Delinquent Loans / Loans0.45%0.51%0.34%0.00%0.68%0.69%0.00%0.52%+52 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans1.13%1.03%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital12.32%12.11%12.37%13.24%14.10%14.48%15.23%15.34%+210 bps
Net Worth / Assets12.32%12.11%12.37%13.24%14.10%14.48%15.23%15.34%+210 bps
Liquidity & Funding
Loans / Shares59.73%64.27%72.98%80.12%85.67%87.21%89.36%85.41%+529 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps