PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Auto Body

Lansing, MI · Charter 60920

NCUA · 5 branches

Q4 2024

$188.9MAssets
$112.3MLoans
$171.6MShares
$16.4MNet 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 -0.59%, down 60 bps year over year; NIM at 3.31%.
  • Asset quality: problem loans at 1.13% of loans (+35 bps YoY).
  • Capital: net worth / assets of 8.68%, down 7 bps from a year ago.
  • Funding: loans stand at 65.44% of shares as of Q4 2024.

Financial Results

Return on Assets (YTD, annualized)

-0.59%-60 bps YoY

Net Interest Margin (YTD, annualized)

3.31%+44 bps YoY

Efficiency Ratio (YTD, annualized)

99.89%+503 bps YoY

Net Worth / Assets

8.68%-7 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2023Q1 2024Q2 2024Q3 2024Q4 2024YoY ΔTrend
Earnings
Return on Assets0.01%-0.54%-0.35%-0.40%-0.59%-60 bps
Return on Equity0.16%-6.25%-3.90%-4.48%-6.75%-692 bps
Net Interest Margin2.86%3.06%3.21%3.25%3.31%+44 bps
Efficiency Ratio94.86%104.05%99.48%99.09%99.89%+503 bps
Growth
Asset Growth (YoY)2.89%-1.90%-6.61%-5.04%-5.56%-845 bps
Loan Growth (YoY)4.74%0.11%-0.40%-4.05%-6.28%-1,102 bps
Share Growth (YoY)1.22%-1.55%-4.95%-6.53%-3.84%-506 bps
Asset Quality
Delinquent Loans / Loans0.78%0.57%0.92%1.12%1.13%+35 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital8.75%8.67%8.97%8.85%8.68%-7 bps
Net Worth / Assets8.75%8.67%8.97%8.85%8.68%-7 bps
Liquidity & Funding
Loans / Shares67.14%64.07%66.55%67.05%65.44%-170 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps