PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Great Lakes Members

Dearborn, MI · Charter 61888

NCUA · 2 branches

Q2 2018

$7.4MAssets
$3.3MLoans
$4.8MShares
$2.1MNet 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 -12.05%, down 1,051 bps year over year; NIM at 3.25%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 28.26%, up 115 bps from a year ago.
  • Funding: loans stand at 68.22% of shares as of Q2 2018.

Financial Results

Return on Assets (YTD, annualized)

-12.05%-1,051 bps YoY

Net Interest Margin (YTD, annualized)

3.25%+67 bps YoY

Efficiency Ratio (YTD, annualized)

404%+25,137 bps YoY

Net Worth / Assets

28.26%+115 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2017Q3 2017Q4 2017Q1 2018Q2 2018YoY ΔTrend
Earnings
Return on Assets-1.54%-1.53%-1.63%-2.48%-12.05%-1,051 bps
Return on Equity-5.68%-5.71%-5.95%-9.41%-42.63%-3,696 bps
Net Interest Margin2.59%2.70%2.80%2.61%3.25%+67 bps
Efficiency Ratio153.12%151.42%152.36%192.14%404%+25,137 bps
Growth
Asset Growth (YoY)-0.98%-0.55%-2.60%-3.47%-23.26%-2,228 bps
Loan Growth (YoY)-10.21%-13.41%-17.30%-18.21%-23.60%-1,339 bps
Share Growth (YoY)0.68%0.65%-0.85%-0.72%-30.95%-3,162 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.09%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.21%0.21%0.23%0.18%1.62%+141 bps
Capital
Risk-Based Capital27.10%26.79%27.32%26.31%28.26%+115 bps
Net Worth / Assets27.10%26.79%27.32%26.31%28.26%+115 bps
Liquidity & Funding
Loans / Shares61.66%58.27%56.13%51.50%68.22%+656 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps