PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Marathon Republic

Texas City, TX · Charter 2724

NCUA · 1 branch

Q4 2022

$7.6MAssets
$3.3MLoans
$6.4MShares
$1.0MNet 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 -0.10%, down 34 bps year over year; NIM at 3.83%.
  • Asset quality: problem loans at 0.00% of loans (-2 bps YoY).
  • Capital: net worth / assets of 13.55%, up 262 bps from a year ago.
  • Funding: loans stand at 51.46% of shares as of Q4 2022.

Financial Results

Return on Assets (YTD, annualized)

-0.10%-34 bps YoY

Net Interest Margin (YTD, annualized)

3.83%+87 bps YoY

Efficiency Ratio (YTD, annualized)

102.22%+876 bps YoY

Net Worth / Assets

13.55%+262 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2021Q1 2022Q2 2022Q3 2022Q4 2022YoY ΔTrend
Earnings
Return on Assets0.24%-0.23%-0.22%-0.14%-0.10%-34 bps
Return on Equity2.23%-2.13%-1.81%-1.14%-0.73%-297 bps
Net Interest Margin2.96%2.77%3.25%3.32%3.83%+87 bps
Efficiency Ratio93.46%106.78%105.65%103.49%102.22%+876 bps
Growth
Asset Growth (YoY)3.53%0.76%-10.09%-10.88%-19.92%-2,345 bps
Loan Growth (YoY)-12.07%-7.39%-1.55%4.16%6.86%+1,893 bps
Share Growth (YoY)3.70%0.65%-11.34%-11.91%-23.72%-2,742 bps
Asset Quality
Delinquent Loans / Loans0.02%0.00%0.00%0.00%0.00%-2 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.80%0.82%0.78%0.78%0.75%-5 bps
Capital
Risk-Based Capital10.93%10.94%12.14%11.99%13.55%+262 bps
Net Worth / Assets10.93%10.94%12.14%11.99%13.55%+262 bps
Liquidity & Funding
Loans / Shares36.73%36.04%43.30%42.62%51.46%+1,473 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps