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Mt Carmel Church

Houston, TX · Charter 9807

NCUA · 1 branch

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

Mt Carmel Church

Houston, TX · Charter 9807

NCUA · 1 branch

Q4 2023

$4.0MAssets
$2.3MLoans
$3.2MShares
$758KNet 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 -4.57%, down 423 bps year over year; NIM at 1.50%.
  • Asset quality: problem loans at 1.82% of loans (-243 bps YoY).
  • Capital: net worth / assets of 19.09%, down 70 bps from a year ago.
  • Funding: loans stand at 71.06% of shares as of Q4 2023.

Financial Results

Return on Assets (YTD, annualized)

-4.57%-423 bps YoY

Net Interest Margin (YTD, annualized)

1.50%-108 bps YoY

Efficiency Ratio (YTD, annualized)

360%+24,926 bps YoY

Net Worth / Assets

19.09%-70 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets-0.34%-0.80%-0.65%-2.74%-4.57%-423 bps
Return on Equity-1.72%-4.06%-3.38%-15.05%-23.96%-2,224 bps
Net Interest Margin2.58%2.63%2.63%2.81%1.50%-108 bps
Efficiency Ratio111.19%127.41%122.77%190.52%360%+24,926 bps
Growth
Asset Growth (YoY)-6.81%-5.44%0.27%-0.28%-16.36%-955 bps
Loan Growth (YoY)4.19%7.69%33.91%31.91%18.95%+1,476 bps
Share Growth (YoY)-8.55%-4.56%-1.92%1.24%-13.62%-506 bps
Asset Quality
Delinquent Loans / Loans4.25%2.11%3.74%2.82%1.82%-243 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.64%1.13%0.96%0.98%0.89%-75 bps
Capital
Risk-Based Capital19.80%19.70%19.24%18.21%19.09%-70 bps
Net Worth / Assets19.80%19.70%19.24%18.21%19.09%-70 bps
Liquidity & Funding
Loans / Shares51.60%53.48%63.02%61.43%71.06%+1,945 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps