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Galveston School Employees

Galveston, TX · Charter 7092

NCUA · 2 branches

Q1 2024

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: Q1 2024, the quarter ended March 31, 2024, 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

Galveston School Employees

Galveston, TX · Charter 7092

NCUA · 2 branches

Q1 2024

$2.4MAssets
$1.6MLoans
$2.0MShares
$263KNet 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 -0.04%, up 200 bps year over year; NIM at 7.11%.
  • Asset quality: problem loans at 1.49% of loans (-31 bps YoY).
  • Capital: net worth / assets of 11.09%, up 70 bps from a year ago.
  • Funding: loans stand at 80.64% of shares as of Q1 2024.

Financial Results

Return on Assets (YTD, annualized)

-0.04%+200 bps YoY

Net Interest Margin (YTD, annualized)

7.11%+84 bps YoY

Efficiency Ratio (YTD, annualized)

100.55%-1,914 bps YoY

Net Worth / Assets

11.09%+70 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets-2.04%-1.04%-0.91%-0.83%-0.04%+200 bps
Return on Equity-19.61%-10.09%-9.22%-8.39%-0.38%+1,923 bps
Net Interest Margin6.27%6.86%6.58%6.76%7.11%+84 bps
Efficiency Ratio119.69%109.55%107.70%105.97%100.55%-1,914 bps
Growth
Asset Growth (YoY)-16.71%-12.56%0.01%1.31%-9.60%+710 bps
Loan Growth (YoY)6.46%8.73%8.75%6.27%-3.02%-949 bps
Share Growth (YoY)-17.37%-13.14%0.98%2.41%-10.38%+699 bps
Asset Quality
Delinquent Loans / Loans1.80%1.75%3.02%0.42%1.49%-31 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.83%0.70%0.93%0.84%0.47%-36 bps
Capital
Risk-Based Capital10.39%10.31%9.85%9.83%11.09%+70 bps
Net Worth / Assets10.39%10.31%9.85%9.83%11.09%+70 bps
Liquidity & Funding
Loans / Shares74.53%73.59%71.44%76.08%80.64%+612 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps