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Electric Utilities

Big Spring, TX · Charter 67421

NCUA · 1 branch

Q4 2023

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2023, the quarter ended December 31, 2023, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Electric Utilities

Big Spring, TX · Charter 67421

NCUA · 1 branch

Q4 2023

$6.6MAssets
$1.4MLoans
$5.7MShares
$817KNet 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 -0.28%, down 42 bps year over year; NIM at 3.42%.
  • Asset quality: problem loans at 3.29% of loans (+258 bps YoY).
  • Capital: net worth / assets of 12.42%, up 87 bps from a year ago.
  • Funding: loans stand at 24.29% of shares as of Q4 2023.

Financial Results

Return on Assets (YTD, annualized)

-0.28%-42 bps YoY

Net Interest Margin (YTD, annualized)

3.42%+115 bps YoY

Efficiency Ratio (YTD, annualized)

104.86%+610 bps YoY

Net Worth / Assets

12.42%+87 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets0.14%0.89%0.73%0.81%-0.28%-42 bps
Return on Equity1.19%7.32%5.65%6.74%-2.29%-348 bps
Net Interest Margin2.27%2.92%3.16%2.99%3.42%+115 bps
Efficiency Ratio98.75%83.58%77.38%73.64%104.86%+610 bps
Growth
Asset Growth (YoY)13.57%3.57%-5.83%-6.87%-9.11%-2,268 bps
Loan Growth (YoY)4.70%13.16%8.52%-6.29%-2.26%-696 bps
Share Growth (YoY)15.44%3.67%-7.29%-8.59%-10.06%-2,550 bps
Asset Quality
Delinquent Loans / Loans0.71%0.41%2.18%2.46%3.29%+258 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.83%0.54%0.88%0.92%1.18%+35 bps
Capital
Risk-Based Capital11.55%12.10%12.85%12.08%12.42%+87 bps
Net Worth / Assets11.55%12.10%12.85%12.08%12.42%+87 bps
Liquidity & Funding
Loans / Shares22.36%23.72%23.33%21.17%24.29%+194 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps