PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

North County

San Diego, CA · Charter 68463

NCUA · 2 branches

Q4 2024

$71.4MAssets
$23.8MLoans
$64.8MShares
$6.7MNet 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 0.12%, up 6 bps year over year; NIM at 2.05%.
  • Asset quality: problem loans at 0.01% of loans (0 bps YoY).
  • Capital: net worth / assets of 9.45%, down 80 bps from a year ago.
  • Funding: loans stand at 36.67% of shares as of Q4 2024.

Financial Results

Return on Assets (YTD, annualized)

0.12%+6 bps YoY

Net Interest Margin (YTD, annualized)

2.05%-24 bps YoY

Efficiency Ratio (YTD, annualized)

93.66%-665 bps YoY

Net Worth / Assets

9.45%-80 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2023Q1 2024Q2 2024Q3 2024Q4 2024YoY ΔTrend
Earnings
Return on Assets0.06%0.08%0.05%0.09%0.12%+6 bps
Return on Equity0.57%0.79%0.47%0.97%1.29%+72 bps
Net Interest Margin2.29%1.97%2.14%2.06%2.05%-24 bps
Efficiency Ratio100.32%97.32%96.30%94.49%93.66%-665 bps
Growth
Asset Growth (YoY)-10.90%-4.38%-3.94%3.52%9.79%+2,069 bps
Loan Growth (YoY)-6.53%-7.10%-6.17%-5.95%-6.94%-40 bps
Share Growth (YoY)-12.28%-2.32%-1.86%2.52%8.68%+2,096 bps
Asset Quality
Delinquent Loans / Loans0.01%0.00%0.17%0.10%0.01%0 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 Capital10.25%9.68%10.11%9.58%9.45%-80 bps
Net Worth / Assets10.25%9.68%10.11%9.58%9.45%-80 bps
Liquidity & Funding
Loans / Shares42.83%39.32%41.17%38.07%36.67%-615 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps