Detroit, MI · Charter 61791
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 | 0.87% | -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 | |