PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Mid-Continent

Midland, TX · Charter 6094

Q3 2002

$1.3MAssets
$697KLoans
$1.2MShares
$130KNet 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 0.22%, down 2 bps year over year; NIM at 2.83%.
  • Asset quality: problem loans at 0.00% of loans (-21 bps YoY).
  • Capital: net worth / assets of 9.92%, down 158 bps from a year ago.
  • Funding: loans stand at 59.04% of shares as of Q3 2002.

Financial Results

Return on Assets (YTD, annualized)

0.22%-2 bps YoY

Net Interest Margin (YTD, annualized)

2.83%-45 bps YoY

Efficiency Ratio (YTD, annualized)

90.75%-105 bps YoY

Net Worth / Assets

9.92%-158 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2000Q2 2001Q4 2001Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets0.24%0.33%0.17%0.22%0.22%-2 bps
Return on Equity2.09%3.00%1.61%2.39%2.20%+11 bps
Net Interest Margin3.28%3.21%2.95%2.73%2.83%-45 bps
Efficiency Ratio91.80%88.52%92.67%90.25%90.75%-105 bps
Growth
Asset Growth (YoY)-15.27%-19.44%-5.09%22.89%19.80%+3,507 bps
Loan Growth (YoY)2.81%-0.34%-11.20%-16.01%-10.92%-1,373 bps
Share Growth (YoY)-16.93%-22.53%-3.98%24.44%22.13%+3,906 bps
Asset Quality
Delinquent Loans / Loans0.21%0.00%0.00%0.00%0.00%-21 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.30%0.13%0.19%0.23%0.25%-5 bps
Capital
Risk-Based Capital11.50%10.90%10.58%9.39%9.92%-158 bps
Net Worth / Assets11.50%10.90%10.58%9.39%9.92%-158 bps
Liquidity & Funding
Loans / Shares80.95%75.06%65.23%55.87%59.04%-2,191 bps
Liquid Assets / Assets26.53%32.34%40.07%47.85%42.21%+1,568 bps