PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Mason County School Employees

Ludington, MI · Charter 61696

NCUA · 1 branch

Q3 2024

$6.6MAssets
$2.9MLoans
$6.0MShares
$652KNet 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 0.69%, up 42 bps year over year; NIM at 2.16%.
  • Asset quality: problem loans at 0.09% of loans (-73 bps YoY).
  • Capital: net worth / assets of 9.86%, down 1,150 bps from a year ago.
  • Funding: loans stand at 48.78% of shares as of Q3 2024.

Financial Results

Return on Assets (YTD, annualized)

0.69%+42 bps YoY

Net Interest Margin (YTD, annualized)

2.16%+48 bps YoY

Efficiency Ratio (YTD, annualized)

68.23%-1,623 bps YoY

Net Worth / Assets

9.86%-1,150 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets0.27%0.40%0.72%0.72%0.69%+42 bps
Return on Equity1.25%1.90%3.39%3.40%6.97%+572 bps
Net Interest Margin1.68%1.67%1.96%2.06%2.16%+48 bps
Efficiency Ratio84.46%76.42%63.04%64.93%68.23%-1,623 bps
Growth
Asset Growth (YoY)-16.94%-10.92%-7.80%-2.55%1.48%+1,842 bps
Loan Growth (YoY)7.77%4.88%9.92%5.84%11.08%+332 bps
Share Growth (YoY)-20.90%-13.88%-10.17%-3.82%16.45%+3,735 bps
Asset Quality
Delinquent Loans / Loans0.82%0.30%0.19%0.63%0.09%-73 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 Capital21.35%21.07%21.29%21.23%9.86%-1,150 bps
Net Worth / Assets21.35%21.07%21.29%21.23%9.86%-1,150 bps
Liquidity & Funding
Loans / Shares51.14%50.66%53.24%53.89%48.78%-236 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps