Detroit, MI · Charter 61791
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
17
Asset Quality
2
Profitability
24
Liquidity
0
Efficiency
13
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.
Detroit, MI · Charter 61791
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 | 0.87% | -1.07% | 0.49% | 0.78% | -2.07% | -1.25% | -0.90% | -2.43% | -320 bps | |
| Return on Equity | 8.39% | -9.62% | 4.33% | 6.67% | -22.02% | -12.55% | -8.49% | -26.67% | -3,334 bps | |
| Net Interest Margin | 2.71% | 3.14% | 3.30% | 3.31% | 3.31% | 3.79% | 3.77% | 3.80% | +49 bps | |
| Efficiency Ratio | 77.57% | 91.16% | 84.11% | 80.28% | 113.00% | 118.74% | 94.31% | 91.29% | +1,101 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 0.21% | -1.14% | -4.05% | -4.86% | -10.43% | -15.74% | -21.21% | -20.80% | -1,594 bps | |
| Loan Growth (YoY) | 13.25% | 9.89% | 8.03% | -0.83% | -7.34% | -9.30% | -17.63% | -18.10% | -1,727 bps | |
| Share Growth (YoY) | 0.51% | -1.98% | -5.30% | -7.41% | -9.76% | -14.81% | -21.21% | -17.96% | -1,055 bps | |
| Asset Quality | ||||||||||
| Delinquent Loans / Loans | 1.26% | 1.42% | 1.65% | 2.87% | 7.38% | 10.82% | 8.12% | 7.73% | +486 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 | 0.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Capital | ||||||||||
| Risk-Based Capital | 10.41% | 11.08% | 11.34% | 11.63% | 9.42% | 9.93% | 10.58% | 9.10% | -253 bps | |
| Net Worth / Assets | 10.41% | 11.08% | 11.34% | 11.63% | 9.42% | 9.93% | 10.58% | 9.10% | -253 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Shares | 34.41% | 34.56% | 35.29% | 35.07% | 35.33% | 36.80% | 36.90% | 35.01% | -6 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
Detroit, MI · Charter 61791 · Peer group: credit unions under $1B in assets in MI (n=63)
NCUA · 1 branch
Q3 2024
Return on Assets
-2.42%
Rank 62 of 63
Net Interest Margin
3.80%
Rank 20 of 63
Efficiency Ratio
91.28%
Rank 56 of 63
Equity / Assets
9.10%
Rank 52 of 63
| Metric | Your Credit Union | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||
| Return on Assets | -2.42% | 0.37% | 0.70% | 1.33% | Beats 2% | 62 / 63 | ||
| Return on Equity | -26.62% | 3.23% | 6.03% | 11.19% | Beats 2% | 62 / 63 | ||
| Net Interest Margin | 3.80% | 2.84% | 3.38% | 4.12% | Beats 68% | 20 / 63 | ||
| Efficiency Ratio | 91.28% | 66.16% | 75.56% | 86.49% | Beats 13% | 56 / 63 | ||
| Asset Quality | ||||||||
| Nonperforming Loans / Loans | 7.72% | 0.35% | 0.71% | 1.01% | Beats 2% | 63 / 63 | ||
| Net Charge-Offs / Loans | n/a | Not reported for this institution | ||||||
| Capital | ||||||||
| Tier 1 Capital Ratio | 9.10% | 9.57% | 11.27% | 13.59% | Beats 17% | 52 / 63 | ||
| Total Risk-Based Capital Ratio | n/a | Not reported for this institution | ||||||
| Equity / Assets | 9.10% | 9.57% | 11.27% | 13.60% | Beats 17% | 52 / 63 | ||
| Liquidity & Funding | ||||||||
| Loans / Deposits | 35.01% | 55.52% | 66.05% | 75.03% | 5th pctl | 60 / 63 | ||
| Loans / Assets | 31.76% | 46.77% | 58.30% | 67.45% | 5th pctl | 60 / 63 | ||
| Brokered Deposits / Deposits | n/a | Not reported for this institution | ||||||