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Morton Salt

Rittman, OH · Charter 61827

NCUA · 1 branch

Q4 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2019, the quarter ended December 31, 2019, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Morton Salt

Rittman, OH · Charter 61827

NCUA · 1 branch

Q4 2019

$4.1MAssets
$1.7MLoans
$3.3MShares
$744KNet 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 -0.38%, down 17 bps year over year; NIM at 3.22%.
  • Asset quality: problem loans at 2.02% of loans (+43 bps YoY).
  • Capital: net worth / assets of 18.28%, down 22 bps from a year ago.
  • Funding: loans stand at 52.54% of shares as of Q4 2019.

Financial Results

Return on Assets (YTD, annualized)

-0.38%-17 bps YoY

Net Interest Margin (YTD, annualized)

3.22%+17 bps YoY

Efficiency Ratio (YTD, annualized)

95.82%-373 bps YoY

Net Worth / Assets

18.28%-22 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2018Q1 2019Q2 2019Q3 2019Q4 2019YoY ΔTrend
Earnings
Return on Assets-0.21%0.19%-0.09%0.02%-0.38%-17 bps
Return on Equity-1.14%1.03%-0.49%0.08%-2.09%-95 bps
Net Interest Margin3.05%3.40%3.35%3.22%3.22%+17 bps
Efficiency Ratio99.56%95.08%87.87%89.03%95.82%-373 bps
Growth
Asset Growth (YoY)-4.64%-5.03%-2.41%0.25%-0.84%+379 bps
Loan Growth (YoY)-1.94%-1.79%-1.49%-10.01%-9.49%-755 bps
Share Growth (YoY)-5.38%-6.03%-2.69%0.75%-0.49%+490 bps
Asset Quality
Delinquent Loans / Loans1.59%1.28%1.11%1.64%2.02%+43 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.49%0.49%0.37%0.07%0.41%-7 bps
Capital
Risk-Based Capital18.51%18.74%18.83%18.30%18.28%-22 bps
Net Worth / Assets18.51%18.74%18.83%18.30%18.28%-22 bps
Liquidity & Funding
Loans / Shares57.77%57.72%58.01%53.67%52.54%-523 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps