# PALMETTO FIRST
Florence, SC · NCUA charter 24491 · asset band $50-100M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/palmetto-first-24491

Who the members are: federal charter, community charter, organized 1953, low-income designated. 6,501 members of 136,921 potential (4.8% of the field); checking penetration 72% (share draft accounts per 100 members); loans per 100 members 59.

**Verdict on the desk:** this could be *fortress*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $63.8M |
| Members | 6,501 (2.4% YoY) |
| Full-time staff | 15 |
| Net worth | $13.2M |
| Net worth ratio | 20.8% (p92 of band) |
| ROA (annualized) | 1.90% (p94 of band) |
| Total delinquency | 1.79% (p91 of band) |
| Net charge-offs (annualized) | 0.99% (p89 of band) |
| Loans / shares | 82% (p86 of band) |
| Cash / assets | 19.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 5.34% (p98 of band) |
| Operating expense / assets | 4.42% (p77 of band) |
| Vehicles % of loans | 58% (p75 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p25 of band) |
| Vehicle delinquency | 1.98% (p90 of band) |
| Vehicle NCO | 0.82% (p77 of band) |
| Repossessed % of vehicle book | 0.08% (p83 of band) |
| Real estate % of loans | 10% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 20% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 74% |
| Certificates % of member funds | 4% |
| Average share balance | $4,366 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 59% |
| Loans granted per 100 members, annualized | 35% |
| Average loan balance | $10,782 |
| Loans granted, annualized | $20.8M |

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | charge-offs p90 |  |
| 2016-06 | 1 | repo signal | charge-offs p90 |
| 2016-09 | 0 |  | repo signal |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | net worth falling |  |
| 2017-06 | 0 |  | net worth falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | repo signal |  |
| 2020-03 | 3 | delinquency 2x band, delinquency rising, charge-offs p90 | repo signal |
| 2020-06 | 6 | net worth falling, margin squeeze, repo signal |  |
| 2020-09 | 5 |  | charge-offs p90 |
| 2020-12 | 5 | charge-offs p90 | delinquency rising |
| 2021-03 | 4 |  | repo signal |
| 2021-06 | 3 |  | net worth falling |
| 2021-09 | 3 |  |  |
| 2021-12 | 1 |  | delinquency 2x band, margin squeeze |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | delinquency 2x band |  |
| 2022-09 | 1 |  | delinquency 2x band |
| 2022-12 | 0 |  | charge-offs p90 |
| 2023-03 | 2 | delinquency 2x band, delinquency rising |  |
| 2023-06 | 0 |  | delinquency 2x band, delinquency rising |
| 2023-09 | 0 |  |  |
| 2023-12 | 2 | delinquency 2x band, delinquency rising |  |
| 2024-03 | 3 | assets shrinking |  |
| 2024-06 | 2 |  | assets shrinking |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 | charge-offs p90 | delinquency rising |
| 2025-03 | 3 | net worth falling |  |
| 2025-06 | 2 |  | net worth falling |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 1 |  | charge-offs p90 |

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

- 2024-05-17 [L. Stephen Guyton Iii Obituary May 17, 2024 - wilkinsonfuneralhome.com](https://news.google.com/rss/articles/CBMibkFVX3lxTE9oc3pZWTRLbk03SndfZHV1Mzk2NE41UUxUNEpZT2p5ejdMekJIZURjZ05NUW1JS1Z6cE9HMzZFZTlPY01VS2w5OFFWRGJvTXpuX1RlcFg0NGM5aVA3Q29DV0poaDdkSjVUZUw4RkpR?oc=5) · wilkinsonfuneralhome.com
- 2026-03-05 [Jerry F. Enzor Obituary Dec 28, 2015 - Stoudenmire-Dowling Funeral Home](https://news.google.com/rss/articles/CBMiaEFVX3lxTE9RdnVJdFRpc2dGeUgtbUhuMkZEcEpteC1fX2FjS0s3OTRtLWN2R2NCRHdnb3ZBVW5feFlrQXU4T2NJUjhNNUgtREE3dExqT3FtbWpvTjBBeGw2bXpTNmFaUlZaVmZvZHhf?oc=5) · Stoudenmire-Dowling Funeral Home
- 2024-05-17 [L. Guyton Obituary (1949 - 2024) - Concord, NC - Concord & Kannapolis Independent Tribune - legacy.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxNZk4xb1V5QU5FTlk3MmdVOC1mSnlqaC1HV1BZQXpYTGlrdl9ZbDJPM0dkOXZpR1VhRWZEV2oxTWZ5bGd1Zm5wS1dpb1AxQTE2NGZtcWh5TVByWDYzTi0ta0N0amE1MUFiUzd5c1ptTmtNZ1h6M083Y0NuUE1lNUhVczNZRElPdTJXbWxjZ2FJdnIzcURE?oc=5) · legacy.com
- 2015-02-20 [Danny Moore - legacy.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxPYk9xTE1Ua3FzV0VSMFNlUnI4Y3lYSVE0dmQ0OTIzYWw5YTJ4ZDJJd3hLSWtabVpjZnlsQmtJTl9sQm9tWDJ6UFpKMlVFYk1NSlVhX3p3S3lIYUpUVm9CemE2VnJmRzJSMEdjak5pT0JMLVBuajRoeUR0RDgxeU1aTmhmenJzdExHZVl1S08wbjg?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24491 (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/43.json (key "24491", 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=24491
- 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