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Muncie Indiana School Emp

Muncie, IN · Charter 339

NCUA · 2 branches

Q3 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: Q3 2023, the quarter ended September 30, 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

Muncie Indiana School Emp

Muncie, IN · Charter 339

NCUA · 2 branches

Q3 2023

$14.3MAssets
$4.1MLoans
$12.8MShares
$1.5MNet Worth

Executive Summary

  • Earnings: ROA of -0.74%, down 43 bps year over year; NIM at 2.00%.
  • Asset quality: problem loans at 1.27% of loans (+62 bps YoY).
  • Capital: net worth / assets of 10.52%, down 69 bps from a year ago.
  • Funding: loans stand at 32.12% of shares as of Q3 2023.

Return on Assets (YTD, annualized)

-0.74%-43 bps YoY

Net Interest Margin (YTD, annualized)

2.00%-5 bps YoY

Efficiency Ratio (YTD, annualized)

129.46%+2,371 bps YoY

Net Worth / Assets

10.52%-69 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets0.17%0.07%-0.37%-0.31%-0.31%-0.33%-0.64%-0.74%-43 bps
Return on Equity1.59%0.61%-3.26%-2.75%-2.67%-2.93%-6.11%-7.04%-429 bps
Net Interest Margin1.88%1.85%2.00%2.05%2.15%2.20%1.99%2.00%-5 bps
Efficiency Ratio92.44%98.89%104.25%105.75%108.39%113.65%125.45%129.46%+2,371 bps
Growth
Asset Growth (YoY)9.35%0.64%0.29%-0.45%-8.70%-4.06%3.68%-0.22%+22 bps
Loan Growth (YoY)-9.69%-10.85%-16.55%-17.68%-16.10%-14.71%-12.68%-1.55%+1,613 bps
Share Growth (YoY)10.43%0.53%0.43%-2.18%-12.28%-4.66%4.67%2.50%+468 bps
Asset Quality
Delinquent Loans / Loans0.46%0.26%0.74%0.65%0.60%0.59%1.71%1.27%+62 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.70%0.63%1.12%0.59%0.34%0.54%0.00%0.00%-59 bps
Capital
Risk-Based Capital10.74%11.22%11.31%11.21%11.45%11.20%10.39%10.52%-69 bps
Net Worth / Assets10.74%11.22%11.31%11.21%11.45%11.20%10.39%10.52%-69 bps
Liquidity & Funding
Loans / Shares34.43%34.65%33.40%33.44%32.93%31.00%27.86%32.12%-132 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps