PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Cobalt

Council Bluffs, IA · Charter 68695

NCUA · 32 branches

Q1 2020

$1.0BAssets
$903.1MLoans
$808.9MShares
$95.3MNet 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 0.44%, down 11 bps year over year; NIM at 2.88%.
  • Asset quality: problem loans at 0.76% of loans (-18 bps YoY).
  • Capital: net worth / assets of 9.27%, up 31 bps from a year ago.
  • Funding: loans stand at 111.64% of shares as of Q1 2020.

Financial Results

Return on Assets (YTD, annualized)

0.44%-11 bps YoY

Net Interest Margin (YTD, annualized)

2.88%-9 bps YoY

Efficiency Ratio (YTD, annualized)

74.86%+251 bps YoY

Net Worth / Assets

9.27%+31 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2019Q2 2019Q3 2019Q4 2019Q1 2020YoY ΔTrend
Earnings
Return on Assets0.55%0.79%0.76%0.64%0.44%-11 bps
Return on Equity6.17%8.56%8.00%6.86%4.73%-144 bps
Net Interest Margin2.96%2.97%2.99%2.93%2.88%-9 bps
Efficiency Ratio72.35%68.77%69.65%70.51%74.86%+251 bps
Growth
Asset Growth (YoY)n/an/an/a0.63%3.32%n/a
Loan Growth (YoY)n/an/an/a2.68%4.90%n/a
Share Growth (YoY)n/an/an/a2.57%4.25%n/a
Asset Quality
Delinquent Loans / Loans0.94%0.91%0.96%0.90%0.76%-18 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.87%0.88%0.88%0.87%0.87%-1 bps
Capital
Risk-Based Capital8.97%9.24%9.46%9.33%9.27%+31 bps
Net Worth / Assets8.97%9.24%9.46%9.33%9.27%+31 bps
Liquidity & Funding
Loans / Shares110.95%109.92%110.91%112.34%111.64%+69 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps