PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Edison

Kansas City, MO · Charter 67929

NCUA · 2 branches

Q2 2024

$31.0MAssets
$18.9MLoans
$27.9MShares
$3.0MNet 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 -2.62%, down 310 bps year over year; NIM at 4.08%.
  • Asset quality: problem loans at 6.23% of loans (+449 bps YoY).
  • Capital: net worth / assets of 9.66%, down 66 bps from a year ago.
  • Funding: loans stand at 67.88% of shares as of Q2 2024.

Financial Results

Return on Assets (YTD, annualized)

-2.62%-310 bps YoY

Net Interest Margin (YTD, annualized)

4.08%+64 bps YoY

Efficiency Ratio (YTD, annualized)

150.78%+6,453 bps YoY

Net Worth / Assets

9.66%-66 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024YoY ΔTrend
Earnings
Return on Assets0.48%0.17%0.25%0.54%-2.62%-310 bps
Return on Equity4.69%1.61%2.38%5.03%-27.11%-3,180 bps
Net Interest Margin3.43%3.28%3.42%3.81%4.08%+64 bps
Efficiency Ratio86.25%94.24%91.52%84.35%150.78%+6,453 bps
Growth
Asset Growth (YoY)-5.93%-4.15%-4.53%-4.12%-6.45%-52 bps
Loan Growth (YoY)7.57%10.36%7.78%3.16%-0.81%-838 bps
Share Growth (YoY)-7.10%-5.49%-5.61%-5.26%-5.49%+161 bps
Asset Quality
Delinquent Loans / Loans1.74%1.39%2.70%1.70%6.23%+449 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 Capital10.31%10.34%10.58%10.73%9.66%-66 bps
Net Worth / Assets10.31%10.34%10.58%10.73%9.66%-66 bps
Liquidity & Funding
Loans / Shares64.68%67.29%68.50%67.34%67.88%+320 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps