Galveston, TX · Charter 7092
NCUA · 2 branches
Q1 2024
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Galveston, TX · Charter 7092
NCUA · 2 branches
Q1 2024
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -1.27% | -1.06% | -1.35% | -2.04% | -1.04% | -0.91% | -0.83% | -0.04% | +200 bps | |
| Return on Equity | -12.68% | -9.59% | -12.46% | -19.61% | -10.09% | -9.22% | -8.39% | -0.38% | +1,923 bps | |
| Net Interest Margin | 4.82% | 5.37% | 5.57% | 6.27% | 6.86% | 6.58% | 6.76% | 7.11% | +84 bps | |
| Efficiency Ratio | 119.69% | 114.26% | 118.59% | 119.69% | 109.55% | 107.70% | 105.97% | 100.55% | -1,914 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -8.87% | -14.18% | -15.76% | -16.71% | -12.56% | 0.01% | 1.31% | -9.60% | +710 bps | |
| Loan Growth (YoY) | -17.16% | -11.75% | -7.69% | 6.46% | 8.73% | 8.75% | 6.27% | -3.02% | -949 bps | |
| Share Growth (YoY) | -9.17% | -14.77% | -16.63% | -17.37% | -13.14% | 0.98% | 2.41% | -10.38% | +699 bps | |
| Asset Quality | ||||||||||
| Delinquent Loans / Loans | 1.19% | 1.22% | 3.33% | 1.80% | 1.75% | 3.02% | 0.42% | 1.49% | -31 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 1.16% | 1.08% | 0.87% | 0.83% | 0.70% | 0.93% | 0.84% | 0.47% | -36 bps | |
| Capital | ||||||||||
| Risk-Based Capital | 10.03% | 11.07% | 10.82% | 10.39% | 10.31% | 9.85% | 9.83% | 11.09% | +70 bps | |
| Net Worth / Assets | 10.03% | 11.07% | 10.82% | 10.39% | 10.31% | 9.85% | 9.83% | 11.09% | +70 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Shares | 58.79% | 66.34% | 73.31% | 74.53% | 73.59% | 71.44% | 76.08% | 80.64% | +612 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |