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Muskegon Patternmakers

Muskegon Hgts, MI · Charter 11146

NCUA · 2 branches

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

Muskegon Patternmakers

Muskegon Hgts, MI · Charter 11146

NCUA · 2 branches

Q4 2023

$2.5MAssets
$1.8MLoans
$1.6MShares
$859KNet 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 -0.30%, down 24 bps year over year; NIM at 3.86%.
  • Asset quality: problem loans at 3.05% of loans (+279 bps YoY).
  • Capital: net worth / assets of 34.30%, up 566 bps from a year ago.
  • Funding: loans stand at 110.85% of shares as of Q4 2023.

Financial Results

Return on Assets (YTD, annualized)

-0.30%-24 bps YoY

Net Interest Margin (YTD, annualized)

3.86%+149 bps YoY

Efficiency Ratio (YTD, annualized)

107.67%+530 bps YoY

Net Worth / Assets

34.30%+566 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets-0.06%0.41%0.35%0.55%-0.30%-24 bps
Return on Equity-0.20%1.45%1.20%1.70%-0.86%-67 bps
Net Interest Margin2.37%3.07%3.22%3.44%3.86%+149 bps
Efficiency Ratio102.37%86.72%89.03%84.03%107.67%+530 bps
Growth
Asset Growth (YoY)-4.48%-3.76%-6.45%-14.02%-17.20%-1,272 bps
Loan Growth (YoY)17.60%18.11%11.60%2.29%-10.12%-2,773 bps
Share Growth (YoY)-6.11%-5.39%-9.42%-19.66%-23.67%-1,756 bps
Asset Quality
Delinquent Loans / Loans0.27%0.19%0.11%2.60%3.05%+279 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.10%0.11%0.10%0.11%0.11%+1 bps
Capital
Risk-Based Capital28.65%28.12%29.53%32.36%34.30%+566 bps
Net Worth / Assets28.65%28.12%29.53%32.36%34.30%+566 bps
Liquidity & Funding
Loans / Shares94.15%89.78%98.15%105.26%110.85%+1,671 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps