Ludington, MI · Charter 61696
NCUA · 1 branch
Q3 2024
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2024, the quarter ended September 30, 2024, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
Credit unions under $1B in assets in MI (n=63). Each measure ranks only the institutions that reported it, so n varies by measure.
Peer groups below the disclosure floor are suppressed.
Capital
30
Asset Quality
87
Profitability
33
Liquidity
27
Efficiency
73
Growth
No peer data yet
Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.
Ludington, MI · Charter 61696
NCUA · 1 branch
Q3 2024
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.44% | 0.60% | 0.52% | 0.27% | 0.40% | 0.72% | 0.72% | 0.69% | +42 bps | |
| Return on Equity | 2.37% | 3.11% | 2.58% | 1.25% | 1.90% | 3.39% | 3.40% | 6.97% | +572 bps | |
| Net Interest Margin | 1.39% | 1.61% | 1.65% | 1.68% | 1.67% | 1.96% | 2.06% | 2.16% | +48 bps | |
| Efficiency Ratio | 70.15% | 64.81% | 69.38% | 84.46% | 76.42% | 63.04% | 64.93% | 68.23% | -1,623 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -7.81% | -10.05% | -14.11% | -16.94% | -10.92% | -7.80% | -2.55% | 1.48% | +1,842 bps | |
| Loan Growth (YoY) | 3.33% | 11.36% | 12.41% | 7.77% | 4.88% | 9.92% | 5.84% | 11.08% | +332 bps | |
| Share Growth (YoY) | -9.84% | -12.45% | -17.50% | -20.90% | -13.88% | -10.17% | -3.82% | 16.45% | +3,735 bps | |
| Asset Quality | ||||||||||
| Delinquent Loans / Loans | 0.16% | 0.15% | 0.92% | 0.82% | 0.30% | 0.19% | 0.63% | 0.09% | -73 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 1.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Capital | ||||||||||
| Risk-Based Capital | 18.41% | 19.24% | 20.21% | 21.35% | 21.07% | 21.29% | 21.23% | 9.86% | -1,150 bps | |
| Net Worth / Assets | 18.41% | 19.24% | 20.21% | 21.35% | 21.07% | 21.29% | 21.23% | 9.86% | -1,150 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Shares | 41.60% | 43.51% | 48.98% | 51.14% | 50.66% | 53.24% | 53.89% | 48.78% | -236 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
Ludington, MI · Charter 61696 · Peer group: credit unions under $1B in assets in MI (n=63)
NCUA · 1 branch
Q3 2024
Return on Assets
0.69%
Rank 35 of 63
Net Interest Margin
2.18%
Rank 60 of 63
Efficiency Ratio
67.59%
Rank 18 of 63
Equity / Assets
9.86%
Rank 44 of 63
| Metric | Your Credit Union | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||
| Return on Assets | 0.69% | 0.37% | 0.70% | 1.33% | Beats 44% | 35 / 63 | ||
| Return on Equity | 6.95% | 3.23% | 6.03% | 11.19% | Beats 51% | 31 / 63 | ||
| Net Interest Margin | 2.18% | 2.84% | 3.38% | 4.12% | Beats 5% | 60 / 63 | ||
| Efficiency Ratio | 67.59% | 66.16% | 75.56% | 86.49% | Beats 73% | 18 / 63 | ||
| Asset Quality | ||||||||
| Nonperforming Loans / Loans | 0.10% | 0.35% | 0.71% | 1.01% | Beats 87% | 9 / 63 | ||
| Net Charge-Offs / Loans | n/a | Not reported for this institution | ||||||
| Capital | ||||||||
| Tier 1 Capital Ratio | 9.86% | 9.57% | 11.27% | 13.59% | Beats 30% | 44 / 63 | ||
| Total Risk-Based Capital Ratio | n/a | Not reported for this institution | ||||||
| Equity / Assets | 9.86% | 9.57% | 11.27% | 13.60% | Beats 30% | 44 / 63 | ||
| Liquidity & Funding | ||||||||
| Loans / Deposits | 48.78% | 55.52% | 66.05% | 75.03% | 17th pctl | 52 / 63 | ||
| Loans / Assets | 44.00% | 46.77% | 58.30% | 67.45% | 17th pctl | 52 / 63 | ||
| Brokered Deposits / Deposits | n/a | Not reported for this institution | ||||||