PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Employees

Dallas, TX · Charter 68325

NCUA · 2 branches

Q2 2024

$72.3MAssets
$57.7MLoans
$66.4MShares
$4.0MNet 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 -4.70%, down 388 bps year over year; NIM at 5.29%.
  • Asset quality: problem loans at 2.03% of loans (+6 bps YoY).
  • Capital: net worth / assets of 5.58%, down 290 bps from a year ago.
  • Funding: loans stand at 86.93% of shares as of Q2 2024.

Financial Results

Return on Assets (YTD, annualized)

-4.70%-388 bps YoY

Net Interest Margin (YTD, annualized)

5.29%+32 bps YoY

Efficiency Ratio (YTD, annualized)

95.61%+902 bps YoY

Net Worth / Assets

5.58%-290 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024YoY ΔTrend
Earnings
Return on Assets-0.82%-2.14%-2.38%-1.57%-4.70%-388 bps
Return on Equity-9.64%-28.44%-34.06%-22.00%-84.19%-7,455 bps
Net Interest Margin4.98%5.05%5.31%5.15%5.29%+32 bps
Efficiency Ratio86.59%94.59%95.21%102.69%95.61%+902 bps
Growth
Asset Growth (YoY)0.19%-6.61%-11.27%-15.53%-19.41%-1,960 bps
Loan Growth (YoY)0.75%-2.11%-6.91%-13.03%-21.40%-2,215 bps
Share Growth (YoY)2.02%-3.80%-8.67%-15.38%-16.94%-1,897 bps
Asset Quality
Delinquent Loans / Loans1.98%1.89%1.41%2.01%2.03%+6 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 Capital8.48%7.52%6.99%7.13%5.58%-290 bps
Net Worth / Assets8.48%7.52%6.99%7.13%5.58%-290 bps
Liquidity & Funding
Loans / Shares91.86%90.04%91.70%94.14%86.93%-493 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps