PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Midland Co-op

Minneapolis, MN · Charter 60958

NCUA · 3 branches

Q3 2021

$10.9MAssets
$3.1MLoans
$9.9MShares
$968KNet Worth

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.

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.

MetricQ4 2019Q1 2020Q2 2020Q3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets0.01%0.57%0.47%0.34%0.04%0.03%0.42%0.77%+43 bps
Return on Equity0.13%5.03%4.38%3.26%0.42%0.34%4.53%8.61%+536 bps
Net Interest Margin2.74%3.15%2.91%2.72%2.34%1.77%1.73%1.71%-101 bps
Efficiency Ratio99.51%83.26%84.79%88.18%96.44%98.31%80.82%71.21%-1,697 bps
Growth
Asset Growth (YoY)-2.69%-5.62%5.91%10.28%15.55%21.54%14.56%6.37%-392 bps
Loan Growth (YoY)5.07%4.09%1.98%-6.12%-12.75%-17.43%-22.76%-27.72%-2,160 bps
Share Growth (YoY)-3.10%-6.31%6.74%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.37%0.38%0.38%0.39%0.55%0.59%0.64%0.71%+31 bps
Capital
Risk-Based Capital11.13%11.26%10.66%10.37%9.67%9.20%9.35%8.89%-148 bps
Net Worth / Assets11.13%11.26%10.66%10.37%9.67%9.20%9.35%8.89%-148 bps
Liquidity & Funding
Loans / Shares54.52%53.46%49.36%46.11%40.44%35.47%32.79%30.82%-1,528 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps