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Hiway

Saint Paul, MN · Charter 68721

NCUA · 9 branches

Q4 2023

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2023, the quarter ended December 31, 2023, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Hiway

Saint Paul, MN · Charter 68721

NCUA · 9 branches

Q4 2023

$1.7BAssets
$1.2BLoans
$1.4BShares
$171.7MNet Worth

Executive Summary

  • Earnings: ROA of 0.33%, down 18 bps year over year; NIM at 2.76%.
  • Asset quality: problem loans at 0.48% of loans (0 bps YoY).
  • Capital: net worth / assets of 9.94%, up 40 bps from a year ago.
  • Funding: loans stand at 84.81% of shares as of Q4 2023.

Return on Assets (YTD, annualized)

0.33%-18 bps YoY

Net Interest Margin (YTD, annualized)

2.76%+39 bps YoY

Efficiency Ratio (YTD, annualized)

85.28%+393 bps YoY

Net Worth / Assets

9.94%+40 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets0.26%0.35%0.43%0.50%0.48%0.41%0.36%0.33%-18 bps
Return on Equity2.73%3.62%4.47%5.29%4.97%4.19%3.69%3.29%-199 bps
Net Interest Margin2.01%2.17%2.31%2.37%2.78%2.74%2.72%2.76%+39 bps
Efficiency Ratio89.72%87.97%83.10%81.35%76.61%79.03%81.80%85.28%+393 bps
Growth
Asset Growth (YoY)4.21%2.90%3.03%4.15%3.92%4.39%3.50%-0.75%-490 bps
Loan Growth (YoY)5.98%10.24%18.65%19.42%21.17%17.02%10.05%5.50%-1,392 bps
Share Growth (YoY)5.39%3.74%2.85%-1.49%-4.55%-6.28%-7.91%-5.94%-445 bps
Asset Quality
Delinquent Loans / Loans0.22%0.30%0.44%0.48%0.39%0.45%0.45%0.48%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.59%0.53%0.57%0.52%0.00%0.00%0.00%0.00%-52 bps
Capital
Risk-Based Capital9.37%9.56%9.57%9.54%9.58%9.70%9.70%9.94%+40 bps
Net Worth / Assets9.37%9.56%9.57%9.54%9.58%9.70%9.70%9.94%+40 bps
Liquidity & Funding
Loans / Shares61.35%65.42%71.05%75.62%77.88%81.69%84.91%84.81%+920 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps