PackageTrendsPeer
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United 1st

Kingsland, GA · Charter 68715

NCUA · 7 branches

Q2 2022

$253.5MAssets
$135.2MLoans
$228.1MShares
$20.7MNet 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 -1.20%, down 165 bps year over year; NIM at 2.85%.
  • Asset quality: problem loans at 0.25% of loans (-3 bps YoY).
  • Capital: net worth / assets of 8.18%, down 73 bps from a year ago.
  • Funding: loans stand at 59.25% of shares as of Q2 2022.

Financial Results

Return on Assets (YTD, annualized)

-1.20%-165 bps YoY

Net Interest Margin (YTD, annualized)

2.85%+63 bps YoY

Efficiency Ratio (YTD, annualized)

119.77%+3,064 bps YoY

Net Worth / Assets

8.18%-73 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2021Q3 2021Q4 2021Q1 2022Q2 2022YoY ΔTrend
Earnings
Return on Assets0.45%0.54%0.80%0.76%-1.20%-165 bps
Return on Equity5.03%6.04%8.77%8.50%-14.66%-1,969 bps
Net Interest Margin2.22%2.24%2.32%2.45%2.85%+63 bps
Efficiency Ratio89.13%87.12%84.07%81.90%119.77%+3,064 bps
Growth
Asset Growth (YoY)n/a19.68%15.76%7.30%6.90%n/a
Loan Growth (YoY)n/a8.51%12.66%15.53%16.40%n/a
Share Growth (YoY)n/a21.11%16.81%6.90%7.35%n/a
Asset Quality
Delinquent Loans / Loans0.28%0.21%0.19%0.24%0.25%-3 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.39%1.32%1.08%1.07%1.00%-39 bps
Capital
Risk-Based Capital8.91%8.89%9.17%8.89%8.18%-73 bps
Net Worth / Assets8.91%8.89%9.17%8.89%8.18%-73 bps
Liquidity & Funding
Loans / Shares54.64%56.00%58.48%56.81%59.25%+461 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps