PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Harvesters

Cantonment, FL · Charter 68726

NCUA · 8 branches

Q3 2024

$289.7MAssets
$240.3MLoans
$266.4MShares
$24.7MNet 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%, down 48 bps year over year; NIM at 3.93%.
  • Asset quality: problem loans at 0.29% of loans (+12 bps YoY).
  • Capital: net worth / assets of 8.51%, up 64 bps from a year ago.
  • Funding: loans stand at 90.21% of shares as of Q3 2024.

Financial Results

Return on Assets (YTD, annualized)

0.12%-48 bps YoY

Net Interest Margin (YTD, annualized)

3.93%+39 bps YoY

Efficiency Ratio (YTD, annualized)

92.92%+649 bps YoY

Net Worth / Assets

8.51%+64 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets0.60%0.42%-0.10%0.03%0.12%-48 bps
Return on Equity7.59%5.19%-1.18%0.33%1.40%-618 bps
Net Interest Margin3.53%3.57%3.75%3.89%3.93%+39 bps
Efficiency Ratio86.43%87.86%95.59%94.42%92.92%+649 bps
Growth
Asset Growth (YoY)-2.20%-3.61%-4.53%-4.66%-2.14%+7 bps
Loan Growth (YoY)-3.25%-4.00%-3.24%-3.22%-4.63%-139 bps
Share Growth (YoY)-6.11%-1.17%0.39%0.27%1.78%+789 bps
Asset Quality
Delinquent Loans / Loans0.17%0.22%0.32%0.28%0.29%+12 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.19%0.00%0.00%0.00%0.00%-19 bps
Capital
Risk-Based Capital7.88%8.03%8.13%8.34%8.51%+64 bps
Net Worth / Assets7.88%8.03%8.13%8.34%8.51%+64 bps
Liquidity & Funding
Loans / Shares96.27%94.45%93.24%93.29%90.21%-607 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps