PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Melrose

Woodside, NY · Charter 62005

NCUA · 1 branch

Q2 2018

$1.1BAssets
$1.2BLoans
$1.3BShares
$-359687KNet 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 -30.61%, down 2,341 bps year over year; NIM at 1.48%.
  • Asset quality: problem loans at 28.88% of loans (-897 bps YoY).
  • Capital: net worth / assets of -32.04%, down 3,475 bps from a year ago.
  • Funding: loans stand at 98.90% of shares as of Q2 2018.

Financial Results

Return on Assets (YTD, annualized)

-30.61%-2,341 bps YoY

Net Interest Margin (YTD, annualized)

1.48%-14 bps YoY

Efficiency Ratio (YTD, annualized)

263%+19,010 bps YoY

Net Worth / Assets

-32.04%-3,475 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2017Q3 2017Q4 2017Q1 2018Q2 2018YoY ΔTrend
Earnings
Return on Assets-7.20%-15.94%-21.31%-36.82%-30.61%-2,341 bps
Return on Equity-266%n/an/an/an/an/a
Net Interest Margin1.62%1.69%1.79%1.45%1.48%-14 bps
Efficiency Ratio73.29%100.68%154.91%n/a263%+19,010 bps
Growth
Asset Growth (YoY)-15.50%-23.44%-23.58%-29.26%-30.77%-1,527 bps
Loan Growth (YoY)-11.86%-4.37%-18.26%-19.70%-26.67%-1,481 bps
Share Growth (YoY)-10.38%-14.34%-12.12%-16.24%-16.81%-643 bps
Asset Quality
Delinquent Loans / Loans37.85%40.01%33.15%32.74%28.88%-897 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans12.38%19.54%16.61%22.28%20.86%+848 bps
Capital
Risk-Based Capital2.70%-5.10%-13.80%-24.76%-32.04%-3,475 bps
Net Worth / Assets2.70%-5.10%-13.80%-24.76%-32.04%-3,475 bps
Liquidity & Funding
Loans / Shares112.21%113.67%100.90%103.98%98.90%-1,330 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps