PackageTrendsPeer
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Pinnacle

Atlanta, GA · Charter 67632

NCUA · 3 branches

Q2 2024

$87.8MAssets
$54.7MLoans
$82.3MShares
$7.7MNet 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 -0.19%, down 62 bps year over year; NIM at 3.34%.
  • Asset quality: problem loans at 0.45% of loans (+2 bps YoY).
  • Capital: net worth / assets of 8.74%, up 5 bps from a year ago.
  • Funding: loans stand at 66.51% of shares as of Q2 2024.

Financial Results

Return on Assets (quarter, annualized)

-0.19%-62 bps YoY

Net Interest Margin (quarter, annualized)

3.34%+28 bps YoY

Efficiency Ratio (quarter, annualized)

102.78%+1,239 bps YoY

Net Worth / Assets

8.74%+5 bps YoY

Discrete quarter, annualized.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024YoY ΔTrend
Earnings
Return on Assets0.43%0.50%0.03%-0.15%-0.19%-62 bps
Return on Equity4.94%5.54%0.37%-1.67%-2.20%-714 bps
Net Interest Margin3.06%3.17%3.26%3.31%3.34%+28 bps
Efficiency Ratio90.39%87.61%95.38%102.51%102.78%+1,239 bps
Growth
Asset Growth (YoY)-4.78%-4.94%-5.06%-9.21%-3.78%+99 bps
Loan Growth (YoY)2.82%-0.12%-6.29%-9.07%-9.96%-1,278 bps
Share Growth (YoY)-2.70%-2.52%-2.27%-2.39%-1.33%+137 bps
Asset Quality
Delinquent Loans / Loans0.43%0.23%0.70%0.38%0.45%+2 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 Capital8.69%9.10%8.95%8.84%8.74%+5 bps
Net Worth / Assets8.69%9.10%8.95%8.84%8.74%+5 bps
Liquidity & Funding
Loans / Shares72.88%71.41%70.26%68.51%66.51%-637 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps