# COTTON BELT
PINE BLUFF, AR · NCUA charter 1245 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/cotton-belt-1245

Who the members are: federal charter, multiple common bond, organized 1936, low-income designated. 5,754 members of 9,184 potential (62.6% of the field); checking penetration 77% (share draft accounts per 100 members); loans per 100 members 46.

**Verdict on the desk:** this could be *liquidity-tight*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $70.5M |
| Members | 5,754 (-1.3% YoY) |
| Full-time staff | 20 |
| Net worth | $11.5M |
| Net worth ratio | 16.3% (p78 of band) |
| ROA (annualized) | 0.68% (p49 of band) |
| Total delinquency | 2.31% (p95 of band) |
| Net charge-offs (annualized) | 1.04% (p89 of band) |
| Loans / shares | 98% (p99 of band) |
| Cash / assets | 12.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.97% (p95 of band) |
| Operating expense / assets | 5.37% (p91 of band) |
| Vehicles % of loans | 30% (p29 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 4% |
| Third-party paper % of net worth | 12% (p64 of band) |
| Vehicle delinquency | 2.40% (p92 of band) |
| Vehicle NCO | 3.82% (p98 of band) |
| Repossessed % of vehicle book | 0.15% (p88 of band) |
| Real estate % of loans | 63% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 79% |
| Certificates % of member funds | 6% |
| Average share balance | $5,054 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $673,042 |
| Loans outstanding per 100 members | 46% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $20,792 |
| Loans granted, annualized | $11.8M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $673,042 outstanding purchased (5.8% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 1.9% year over year.

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **loans>95% of shares** (`str_ltos`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | losing money, delinquency 2x band |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 3 | repo signal |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 3 | assets shrinking, members leaving | losing money, repo signal |
| 2017-06 | 3 |  |  |
| 2017-09 | 4 | losing money |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 2 |  | assets shrinking, members leaving |
| 2018-06 | 4 | net worth falling, 3rd-party paper>100% NW |  |
| 2018-09 | 4 |  |  |
| 2018-12 | 4 | repo signal | net worth falling |
| 2019-03 | 1 |  | delinquency 2x band, losing money, repo signal |
| 2019-06 | 2 | delinquency 2x band |  |
| 2019-09 | 4 | delinquency rising, assets shrinking |  |
| 2019-12 | 3 |  | 3rd-party paper>100% NW |
| 2020-03 | 3 |  |  |
| 2020-06 | 1 |  | delinquency rising, assets shrinking |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 2 | expense trap |  |
| 2021-06 | 3 | charge-offs p90 |  |
| 2021-09 | 3 |  |  |
| 2021-12 | 3 |  |  |
| 2022-03 | 1 |  | delinquency 2x band, charge-offs p90 |
| 2022-06 | 2 | delinquency 2x band |  |
| 2022-09 | 3 | delinquency rising |  |
| 2022-12 | 2 |  | delinquency rising |
| 2023-03 | 3 | delinquency rising |  |
| 2023-06 | 5 | losing money, assets shrinking |  |
| 2023-09 | 7 | net worth falling, charge-offs p90 |  |
| 2023-12 | 4 |  | delinquency rising, assets shrinking, net worth falling |
| 2024-03 | 3 | delinquency rising | losing money, charge-offs p90 |
| 2024-06 | 2 |  | delinquency rising |
| 2024-09 | 2 |  |  |
| 2024-12 | 5 | delinquency rising, loans>95% of shares, leaning on borrowings |  |
| 2025-03 | 3 |  | delinquency rising, leaning on borrowings |
| 2025-06 | 6 | delinquency rising, assets shrinking, members leaving |  |
| 2025-09 | 3 |  | delinquency rising, assets shrinking, members leaving |
| 2025-12 | 3 |  |  |
| 2026-03 | 3 |  |  |

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

- 2022-07-01 [Celebrating Gaines: Pine Bluff railroad historian - Pine Bluff Commercial](https://news.google.com/rss/articles/CBMiekFVX3lxTE9fTjVHbnhiQWRPb21qcjYtN0doUGpZSmdjUnFQU1ZHR0Iwd2dTbHpMemFMSnRRSlFPd2JQWXUxSFczTllEcFdyaWZVTEpteDd2NWQwczVaUW9sU2ExZkExcVhUc0pvY3Y3ZFA3RS1SRXMtcElVdFF5QXJ3?oc=5) · Pine Bluff Commercial
- 2022-12-02 [Reindeer-free Santa flies into Pine Bluff, White Hall schools - The Arkansas Democrat-Gazette](https://news.google.com/rss/articles/CBMikAFBVV95cUxPMEJ6a0k1RXBJRXdLR1pxNVhRbktFQTFzajhSV0ZoejZKWGtzc1A5N0d6Y2kzOTFpT21oVTBfN3czSG1tMnoyc2g4ZHhRSmN2U19QcUVUU3JFNmNPZnpOS0pkZnBVelpHY1J3dlhFRXNPM0NFWW5rRTIxcnZSQVFmZ0FBYnlwVlRkcElocklKM04?oc=5) · The Arkansas Democrat-Gazette
- 2012-02-17 [Presidents' Day closings announced - Northwest Arkansas Democrat-Gazette](https://news.google.com/rss/articles/CBMihwFBVV95cUxPaFA2ck1PMTRoYVNxOXo4clJ2ZFQ3VVU2eFhVX3dILTVrYWp6VzgydjZoZ3M2TGJyMEpSX1d4OGxGR0k1VEZGTkktY2lkOFppTVFlUGNaS3EwYnFOdzRlV3U2VDJLZWlkNVlWSG9mWklDRGpYckdXMVlSUWR5UnpoMy1pdHF1bjQ?oc=5) · Northwest Arkansas Democrat-Gazette
- 2024-02-06 [James Slider Obituary - Texarkana Gazette](https://news.google.com/rss/articles/CBMiggFBVV95cUxOVm9TZU9IakJ4dVV4WHVBUk9MY2MzQzRNMXZHeTJrNWt2ZnFKc25hXzRnNWhTRW85WUV6SEZvUllQMUxWV2VzZmZRajZtM09pS0hicEFmb0hMRTg4N3lhejlraHo1WFBIVk4xM2hKWU9rR2ZoZ1NiempZRDlrSUwxZTV3?oc=5) · Texarkana Gazette
- 2021-08-30 [Bobby Sellers Obituary - Texarkana, TX - Dignity Memorial](https://news.google.com/rss/articles/CBMihAFBVV95cUxQdDlyR2NUMm9YVmstSzVudTRJNzZILXNPVGJtSlp6UTBOaTVUVTg3QWRpMGxQUEFyZl9fR2ZiR01oN1BtVEZJNTFhdkx0OVcwY3UxdHJsVC1vMnhpeGJlM3V6T0E0dThySkdqV0xKR3ptaWpsd0hFUXQ5Z3FhZ1RFVVlCTEM?oc=5) · Dignity Memorial
- 2025-02-03 [’25 class starts leadership program - Pine Bluff Commercial](https://news.google.com/rss/articles/CBMickFVX3lxTFBaeG1xNzdnV1VyT1ZkTUxFOHoxb1I3TFlJZE9vZXhhdXdjajBBTG1FSWlIZmtGTXdrcWdjMjU0T3NDeDhmajlzSjU0ZW9CVXppQjUtT1VDMU9pUG9PazYtQkltemJZdWpjcUdKM3AtOWdQZw?oc=5) · Pine Bluff Commercial
- 2019-03-13 [Local businesses provide internships for UAPB students - The Arkansas Democrat-Gazette](https://news.google.com/rss/articles/CBMimgFBVV95cUxPNldVdVpPTHZMWm5qcUNWbFhpRTJ4LUxQN0dqUEJ6RmNmVURLNEhkMUJVdU1xM3VwWVJodjI5UEZPdFRxUjMxM0pYNEluUHA3SUwxT0N6aEpFRXNTX2lUTV9BR255cTlPc2diOW5xeG5NVTQ3QmxTQkY4ZkRTTFBDVWdaSzhhc3lua1R1WFFyNm9PUlZ1cGJ4T2F3?oc=5) · The Arkansas Democrat-Gazette
- 2013-06-04 [Fireman arrested on fraud, forgery charges - Northwest Arkansas Democrat-Gazette](https://news.google.com/rss/articles/CBMijgFBVV95cUxQQjRnUS1TeUpNNGxJUWZzUVM4Y0ZycFpDQXFEcjE4WWdJZXhFUGMwR3NBN2VkV2tvZ0VvTldKY2xkTTdDWGdhOFNrME12aHBFdVZIX09EZ1Bjd3JrcldFSFl0bmdMekNLZC1TV19XNWNRaFhQV1RueV9MS0F6Q25nVnFJdmJOeGJFVXUyLXR3?oc=5) · Northwest Arkansas Democrat-Gazette

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=1245 (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/29.json (key "1245", 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=1245
- 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