Muskegon Hts., MI · Charter 1727
Q4 2003
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2003, the quarter ended December 31, 2003, 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.
Muskegon Hts., MI · Charter 1727
Q4 2003
NIM decomposition not available for credit unions
Non-interest trend not available for credit unions
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | -0.26% | 0.02% | 0.10% | 0.11% | -0.01% | +25 bps | |
| Return on Equity | -2.36% | 0.19% | 0.96% | 1.05% | -0.09% | +227 bps | |
| Net Interest Margin | 4.88% | 4.89% | 4.72% | 4.79% | 4.73% | -15 bps | |
| Efficiency Ratio | 98.57% | 94.29% | 92.88% | 93.74% | 96.54% | -203 bps | |
| Growth | |||||||
| Asset Growth (YoY) | -3.81% | 3.95% | 1.02% | 1.42% | 2.01% | +581 bps | |
| Loan Growth (YoY) | -2.91% | 2.39% | 3.79% | -5.82% | -7.39% | -448 bps | |
| Share Growth (YoY) | -3.68% | 5.78% | 2.63% | 2.47% | 2.65% | +633 bps | |
| Asset Quality | |||||||
| Delinquent Loans / Loans | 4.81% | 4.57% | 4.03% | 3.42% | 3.97% | -84 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 1.65% | 1.66% | 1.74% | 1.43% | 1.34% | -31 bps | |
| Capital | |||||||
| Risk-Based Capital | 10.86% | 10.37% | 10.26% | 10.68% | 10.64% | -22 bps | |
| Net Worth / Assets | 10.86% | 10.37% | 10.26% | 10.68% | 10.64% | -22 bps | |
| Liquidity & Funding | |||||||
| Loans / Shares | 56.22% | 50.80% | 49.60% | 50.66% | 50.72% | -550 bps | |
| Liquid Assets / Assets | 17.63% | 15.29% | 15.42% | 14.59% | 20.86% | +322 bps | |