Munith, MI · Cert 15011
FDIC · 3 branches
Q3 2021
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2021, the quarter ended September 30, 2021, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Munith, MI · Cert 15011
FDIC · 3 branches
Q3 2021
Market Position · Jackson, MI · 2021 SOD (annual) · 2.1% share · #6 of 12 inst. · $0.1B of $2.8B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.85% | 0.91% | 0.68% | 0.82% | 0.97% | 0.39% | 0.45% | 0.32% | -50 bps | |
| Return on Equity | 8.34% | 8.79% | 6.62% | 8.04% | 9.70% | 4.35% | 5.07% | 3.66% | -438 bps | |
| Net Interest Margin | 4.25% | 4.03% | 3.64% | 3.52% | 3.44% | 2.71% | 2.58% | 2.63% | -88 bps | |
| Efficiency Ratio | 78.76% | 74.86% | 69.64% | 69.33% | 69.70% | 87.93% | 86.20% | 89.94% | +2,061 bps | |
| Non-Interest Burden | 3.14% | 2.72% | 2.01% | 1.87% | 1.75% | 2.21% | 2.04% | 2.24% | +37 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -2.79% | 1.09% | 11.47% | 12.62% | 20.95% | 23.78% | 20.61% | 15.62% | +299 bps | |
| Loan Growth (YoY) | 3.80% | 0.51% | 0.01% | 3.53% | -12.02% | -7.29% | -9.11% | -10.66% | -1,419 bps | |
| Deposit Growth (YoY) | -3.93% | 0.27% | 12.05% | 13.44% | 22.41% | 26.20% | 22.66% | 17.47% | +403 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.65% | 1.60% | 1.58% | 1.44% | 1.12% | 1.08% | 1.04% | 0.57% | -87 bps | |
| Net Charge-Offs / Loans | -0.12% | -0.06% | -0.07% | -0.15% | -0.12% | 0.01% | 0.02% | 0.02% | +18 bps | |
| Allowance / Loans | 0.93% | 1.04% | 1.64% | 1.84% | 2.14% | 2.10% | 2.05% | 2.03% | +19 bps | |
| Allowance Coverage of NPLs | 0.6x | 0.6x | 1.0x | 1.3x | 1.9x | 2.0x | 2.0x | 3.5x | +2.3x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.61% | 10.37% | 9.84% | 9.91% | 9.84% | 8.99% | 8.53% | 8.60% | -131 bps | |
| Total Risk-Based Capital | 19.41% | 21.96% | 21.33% | 21.57% | 23.67% | 22.84% | 23.56% | 22.30% | +73 bps | |
| Equity / Assets | 10.66% | 10.17% | 9.95% | 10.04% | 9.45% | 8.45% | 8.52% | 8.75% | -129 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 73.10% | 64.50% | 64.88% | 65.63% | 52.54% | 47.38% | 48.07% | 49.91% | -1,572 bps | |
| Liquid Assets / Assets | 14.44% | 20.76% | 24.53% | 22.60% | 29.17% | 28.53% | 27.41% | 18.31% | -429 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |