PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

F.R.S.A.

Winter Park, FL · Charter 68018

NCUA · 1 branch

Q2 2024

$5.4MAssets
$4.0MLoans
$4.8MShares
$584KNet 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 0.99%, up 19 bps year over year; NIM at 3.98%.
  • Asset quality: problem loans at 0.97% of loans (+1 bps YoY).
  • Capital: net worth / assets of 10.84%, up 221 bps from a year ago.
  • Funding: loans stand at 82.36% of shares as of Q2 2024.

Financial Results

Return on Assets (YTD, annualized)

0.99%+19 bps YoY

Net Interest Margin (YTD, annualized)

3.98%+24 bps YoY

Efficiency Ratio (YTD, annualized)

68.44%-854 bps YoY

Net Worth / Assets

10.84%+221 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024YoY ΔTrend
Earnings
Return on Assets0.79%0.48%0.50%0.59%0.99%+19 bps
Return on Equity9.22%5.34%5.43%6.06%9.11%-11 bps
Net Interest Margin3.74%3.84%3.89%3.74%3.98%+24 bps
Efficiency Ratio76.98%86.46%85.12%78.27%68.44%-854 bps
Growth
Asset Growth (YoY)6.77%3.70%-0.73%-13.51%-16.38%-2,315 bps
Loan Growth (YoY)12.23%3.91%-5.98%-11.21%-14.22%-2,645 bps
Share Growth (YoY)7.60%3.96%-1.22%-15.31%-18.45%-2,605 bps
Asset Quality
Delinquent Loans / Loans0.96%0.67%1.04%0.62%0.97%+1 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 Capital8.62%8.94%9.28%9.66%10.84%+221 bps
Net Worth / Assets8.62%8.94%9.28%9.66%10.84%+221 bps
Liquidity & Funding
Loans / Shares78.31%81.71%78.57%78.54%82.36%+406 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps