Ludington, MI · Charter 61696
NCUA · 1 branch
Q3 2024
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Net Worth / Assets
Discrete quarter, annualized.
| 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 | |