PackageTrendsPeer
Letter portraitLegal landscape

Morgen Employees

Yankton, SD · Charter 19375

Q1 2006

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: Q1 2006, the quarter ended March 31, 2006, 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

Morgen Employees

Yankton, SD · Charter 19375

Q1 2006

$103KAssets
$80KLoans
$99KShares
$4KNet 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 -3.02%, down 273 bps year over year; NIM at 3.89%.
  • Asset quality: problem loans at 49.93% of loans (+2,222 bps YoY).
  • Capital: net worth / assets of 3.73%, down 1,261 bps from a year ago.
  • Funding: loans stand at 80.97% of shares as of Q1 2006.

Financial Results

Return on Assets (YTD, annualized)

-3.02%-273 bps YoY

Net Interest Margin (YTD, annualized)

3.89%-197 bps YoY

Efficiency Ratio (YTD, annualized)

169.84%+6,554 bps YoY

Net Worth / Assets

3.73%-1,261 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2005Q2 2005Q3 2005Q4 2005Q1 2006YoY ΔTrend
Earnings
Return on Assets-0.29%-0.07%-18.83%-14.75%-3.02%-273 bps
Return on Equity-1.80%-0.41%-385%-339%-81.13%-7,933 bps
Net Interest Margin5.86%6.96%7.28%6.90%3.89%-197 bps
Efficiency Ratio104.30%101.00%117.87%127.01%169.84%+6,554 bps
Growth
Asset Growth (YoY)1.36%-3.24%-20.40%-13.74%-16.00%-1,736 bps
Loan Growth (YoY)16.64%-9.88%-3.41%-21.26%-25.58%-4,222 bps
Share Growth (YoY)0.99%-4.77%-10.92%-1.19%-3.29%-428 bps
Asset Quality
Delinquent Loans / Loans27.71%27.73%20.62%24.81%49.93%+2,222 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans3.64%3.39%16.38%19.88%22.81%+1,916 bps
Capital
Risk-Based Capital16.34%16.73%4.90%4.35%3.73%-1,261 bps
Net Worth / Assets16.34%16.73%4.90%4.35%3.73%-1,261 bps
Liquidity & Funding
Loans / Shares105.21%106.96%108.33%89.92%80.97%-2,425 bps
Liquid Assets / Assets9.86%9.99%10.98%29.08%36.81%+2,695 bps