PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Gulf States

Maitland, FL · Charter 68412

NCUA · 1 branch

Q4 2021

$37.3MAssets
$10.7MLoans
$32.3MShares
$4.9MNet 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 0.04%, down 22 bps year over year; NIM at 2.07%.
  • Asset quality: problem loans at 2.80% of loans (+7 bps YoY).
  • Capital: net worth / assets of 13.18%, down 86 bps from a year ago.
  • Funding: loans stand at 33.21% of shares as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

0.04%-22 bps YoY

Net Interest Margin (YTD, annualized)

2.07%-72 bps YoY

Efficiency Ratio (YTD, annualized)

97.13%+886 bps YoY

Net Worth / Assets

13.18%-86 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets0.25%0.08%0.05%0.06%0.04%-22 bps
Return on Equity1.81%0.57%0.35%0.45%0.28%-154 bps
Net Interest Margin2.79%2.40%2.27%2.16%2.07%-72 bps
Efficiency Ratio88.27%93.88%95.37%95.86%97.13%+886 bps
Growth
Asset Growth (YoY)20.03%18.03%5.89%4.84%6.86%-1,317 bps
Loan Growth (YoY)-9.19%-14.18%-19.14%-15.83%-13.15%-396 bps
Share Growth (YoY)23.86%21.31%6.92%5.62%8.06%-1,580 bps
Asset Quality
Delinquent Loans / Loans2.72%0.26%2.56%2.68%2.80%+7 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.93%0.97%0.96%0.94%0.93%-1 bps
Capital
Risk-Based Capital14.05%13.82%13.96%13.48%13.18%-86 bps
Net Worth / Assets14.05%13.82%13.96%13.48%13.18%-86 bps
Liquidity & Funding
Loans / Shares41.32%38.35%36.16%34.77%33.21%-811 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps