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Letter portraitLegal landscapeQuarterYTD

Midland Co-op

Minneapolis, MN · Charter 60958

NCUA · 3 branches

Q3 2021

$10.9MAssets
$3.1MLoans
$9.9MShares
$968KNet 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 0.77%, up 43 bps year over year; NIM at 1.71%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 8.89%, down 148 bps from a year ago.
  • Funding: loans stand at 30.82% of shares as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

0.77%+43 bps YoY

Net Interest Margin (YTD, annualized)

1.71%-101 bps YoY

Efficiency Ratio (YTD, annualized)

71.21%-1,697 bps YoY

Net Worth / Assets

8.89%-148 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets0.34%0.04%0.03%0.42%0.77%+43 bps
Return on Equity3.26%0.42%0.34%4.53%8.61%+536 bps
Net Interest Margin2.72%2.34%1.77%1.73%1.71%-101 bps
Efficiency Ratio88.18%96.44%98.31%80.82%71.21%-1,697 bps
Growth
Asset Growth (YoY)10.28%15.55%21.54%14.56%6.37%-392 bps
Loan Growth (YoY)-6.12%-12.75%-17.43%-22.76%-27.72%-2,160 bps
Share Growth (YoY)11.80%17.62%24.43%16.29%8.11%-369 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.39%0.55%0.59%0.64%0.71%+31 bps
Capital
Risk-Based Capital10.37%9.67%9.20%9.35%8.89%-148 bps
Net Worth / Assets10.37%9.67%9.20%9.35%8.89%-148 bps
Liquidity & Funding
Loans / Shares46.11%40.44%35.47%32.79%30.82%-1,528 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps