# HEART O' TEXAS
Waco, TX · NCUA charter 11032 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/heart-o-texas-11032

Who the members are: federal charter, multiple common bond, organized 1956, low-income designated, minority depository institution. 4,434 members of 289,594 potential (1.5% of the field); checking penetration 37% (share draft accounts per 100 members); loans per 100 members 116.

**Verdict on the desk:** this could be *participation buyer*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $54.6M |
| Members | 4,434 (-22.6% YoY) |
| Full-time staff | 19 |
| Net worth | $4.0M |
| Net worth ratio | 7.4% (p2 of band) |
| ROA (annualized) | -0.14% (p12 of band) |
| Total delinquency | 0.32% (p31 of band) |
| Net charge-offs (annualized) | 0.27% (p52 of band) |
| Loans / shares | 83% (p86 of band) |
| Cash / assets | 8.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.96% (p67 of band) |
| Operating expense / assets | 4.58% (p80 of band) |
| Vehicles % of loans | 59% (p75 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 18% |
| Third-party paper % of net worth | 180% (p93 of band) |
| Vehicle delinquency | 0.53% (p48 of band) |
| Vehicle NCO | 0.44% (p62 of band) |
| Repossessed % of vehicle book | 0.40% (p95 of band) |
| Real estate % of loans | 38% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 1% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 69% |
| Certificates % of member funds | 22% |
| Average share balance | $9,264 |
| Participations bought / yr | $5.4M |
| Participations sold / yr | $0 |
| Participations outstanding | $3.0M |
| Loans outstanding per 100 members | 116% |
| Loans granted per 100 members, annualized | 189% |
| Average loan balance | $8,075 |
| Loans granted, annualized | $13.8M |

## Participation posture (from the same filings)

Bought $5.4M and sold $0 in the latest annualized quarter; $3.0M outstanding purchased (73.7% of net worth), $0 sold and retained. Sold in 0 and bought in 4 of the last 8 quarters. Shares -3.1% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **losing money** (`earn_negative`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, losing money, repo signal |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 4 | net worth falling |  |
| 2016-12 | 5 | auto monoline |  |
| 2017-03 | 5 | members leaving | repo signal |
| 2017-06 | 5 |  |  |
| 2017-09 | 5 |  |  |
| 2017-12 | 4 |  | net worth falling |
| 2018-03 | 4 | delinquency rising | losing money |
| 2018-06 | 4 | repo signal | delinquency rising |
| 2018-09 | 6 | delinquency rising, assets shrinking |  |
| 2018-12 | 5 |  | thin capital |
| 2019-03 | 5 |  |  |
| 2019-06 | 5 |  |  |
| 2019-09 | 6 | delinquency 2x band |  |
| 2019-12 | 6 |  |  |
| 2020-03 | 6 | losing money | members leaving |
| 2020-06 | 3 |  | delinquency rising, assets shrinking, losing money |
| 2020-09 | 5 | net worth falling, margin squeeze |  |
| 2020-12 | 5 |  |  |
| 2021-03 | 8 | thin capital, losing money, members leaving |  |
| 2021-06 | 5 | expense trap | repo signal, net worth falling, thin capital, losing money |
| 2021-09 | 4 | repo signal | margin squeeze, members leaving |
| 2021-12 | 3 | thin capital | delinquency 2x band, repo signal |
| 2022-03 | 3 |  |  |
| 2022-06 | 4 | leaning on borrowings |  |
| 2022-09 | 4 | net worth falling, repo signal | expense trap, leaning on borrowings |
| 2022-12 | 5 | delinquency 2x band, delinquency rising | repo signal |
| 2023-03 | 5 | margin squeeze | delinquency 2x band |
| 2023-06 | 3 | losing money | net worth falling, delinquency rising, margin squeeze |
| 2023-09 | 6 | capital below 7%, repo signal |  |
| 2023-12 | 7 | net worth falling |  |
| 2024-03 | 7 | assets shrinking | net worth falling |
| 2024-06 | 7 |  |  |
| 2024-09 | 7 |  |  |
| 2024-12 | 9 | delinquency rising, loan book shrinking |  |
| 2025-03 | 5 |  | auto monoline, capital below 7%, delinquency rising |
| 2025-06 | 6 | delinquency rising |  |
| 2025-09 | 7 | 3rd-party paper>100% NW |  |
| 2025-12 | 5 |  | loan book shrinking, delinquency rising |
| 2026-03 | 4 | members leaving | repo signal, assets shrinking |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-07-13 [Heart of Texas Readers' Choice 2026: Here are the winners - Waco Tribune-Herald](https://news.google.com/rss/articles/CBMijwFBVV95cUxPVktZVzE2Y1VKMkRvNWFCd0pKcllCWTZrdWJyanVJWXpXTnJWaVcza29POGpkbVRkTmUtQkZIbnVuTmE0bDNSZVE4MHBmNndRdFdlVGdDT2w1U3FlSjBhZF9iYnhiN2gwUF9GbEdzN2ZjQ3FJSXlYaWtRMVlzQXBzWWFFX0VNeGZOWlFtSER0bw?oc=5) · Waco Tribune-Herald
- 2026-01-02 [Burton graduating class awarded nearly $360K in scholarships - SouthTexasNews.com](https://news.google.com/rss/articles/CBMi-gFBVV95cUxNOVpVRmVzSXN4dkZMQ0lmbWRwM0pJeWhEdnBGaDFRRk1DNjNfZF9BRGxOcGU1NUxuMEZYXzNrWVdxXzA0bjlrTHdWdnJNTnZ1T2FsQzBPVVNZUGYtbDdQTmZjRURSeVgzZExNTEZhUm5nMnJSbWZ4UE45VmVMZGRuOWViVUhaeV9YVC16R2JwdDB3bnFDVktVSlJseFlSTnJhc2tVdnFqYWhUR0F1dk9BYTV5NjQ5ajRFSVFfU0ZzdnZwY1BQMXhMakhWRlRWdVUyaXNBRk9DUVRBYVdqWWlxTTNtM1NyV3FybmV2Um9ka3hZYVNsSmZEWE9B?oc=5) · SouthTexasNews.com
- 2024-12-16 [Killeen ISD's Blue Santa drive collects toys for hundreds of families - kcentv.com](https://news.google.com/rss/articles/CBMi4gFBVV95cUxNUTN6R3pjR2dQaGVQbWduMUFCNlhCRHpVUHczRzZSalZ2U1VYX2pJTG8zTTBKX0djV0ZxREpJY3hDbUsySmY3Ul9uNzVxcWZHTGRvYnplTzhPMFdZcXV0SGZfaEJadFJTVlY1cm1OT0N5Z1VRclhYcG9JM1pDRVZaZXZRSmcyaEI2VmU2aEZweFhQcUlDZmJmNEpBX21mZGR0clFBaU1QWnRGcmwyQXhVYThweEVQcV9hbTFuUkNiMkxua3FDQ3ZlZjVtVDdjN09YeUJiQ2VXSWtfRG9GMlN1Ykdn?oc=5) · kcentv.com
- 2026-09-04 [Flatland Cavalry to release ‘Work of Heart – Heartstrings’ in October - Entertainment Focus](https://news.google.com/rss/articles/CBMirgFBVV95cUxQUWkwNkl0RHB2MFhXNFFwVEg5Q0dhR2xHRC00YVR6Q1BnWmo5YTQtWC1pSmJacWdubzQ3S2tWR3RyaEktZC1XLWl3WmlveWhJWm9HWWZhMUJxQ1FzSFhzZ3BrRkR3TXZhX3FJbzctWVNEeUtHSjZHU3VDbHI0bWhDbS1Sc29Cb0Zrd2I4QUlCMlZPeGMtQWliYVVvNkRHMXY3N0xiekdmbk13MldoRmc?oc=5) · Entertainment Focus
- 2026-05-23 [$3 Million in Scholarships at Fairfield High School - Freestone County Times](https://news.google.com/rss/articles/CBMilAFBVV95cUxNZ2YzSnh5YlVZQU9rb1U5bW9YRkp4dzlfQm1BSDl2MHJFYXFkZDZveGJjNml6MThra1pGZUZ5bmlaN3pSQVRDbzh1OXg0R3RQTHByTV9FelJjSFE3QTROZjRIOVJ6bTRxY0JLbEdFejBoZmFmckdJRnJMcFd0a0VFcGN5VExwMWZOclI2c3FTdG5WczQ0?oc=5) · Freestone County Times
- 2018-11-16 [CTC Foundation awards 218 scholarships at reception - The Killeen Daily Herald](https://news.google.com/rss/articles/CBMiygFBVV95cUxOVjBfTllxZkVwQTBiSndRWlZLQU8yYmt2bEZwVFdvUmlFUjhfZUF6d21ScmZLQVdUUVkteG9qREFYTE96SDNjZVNGQVFmbjNpNUlXZ29QbWk5Qkl3QWc4b2NRck5jNkduSDRQa3RVTFFUbVB3YnV4dXBhcmQ4VHlweV8xdEhkblItMG5WWmllTkFlNEp4eWV2Qzgtd1A3YzlyWFMtcWdkbzhFS2hsanBJaUdmTEZvc191WDVpcktzdllQc0R4SzFfamZn?oc=5) · The Killeen Daily Herald
- 2025-07-15 [Heart of Texas Readers' Choice 2025: Here are the winners - Waco Tribune-Herald](https://news.google.com/rss/articles/CBMijwFBVV95cUxPRlRfU0xpMHpfMmlISDgxb1RmT2FuR1oyMllPczFrQUU1MHFGMHRmLXVsLTkzRDNDRnQ4RjgxNlZlSlNKbDNZUVY0WERWeVhlVWFmSGpsN3pYSlkxNmRzVm5LYTRfODJHelFEOXZyVlItczZoVW0xYTQzS0JONHpicmQ0ZVNNR1FVQzYyWWpaOA?oc=5) · Waco Tribune-Herald
- 2017-05-25 [Over $750,000 in Scholarships Awarded to FHS Graduates - Freestone County Times](https://news.google.com/rss/articles/CBMilwFBVV95cUxQa1JGWV91RUFSdTJjS3VmeUJIOTdvei1SaUlTNWFIYklZTkd3YmxVUG91QkZLZ0c1SmpWd3RsRkVSLVFobHpBNHBOX3pCc253Q3k0Tk5kdEtCTXV0b3h1YWR4OGpmeE5GRTh4UzFBeFIyakoxZ3FIcEZRaW00M3FBLUVjZjl3aWxlc3BNV3dTeHphSUpOV1JV?oc=5) · Freestone County Times

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=11032 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/24.json (key "11032", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=11032
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide