PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Manistee Public Employees

Manistee, MI · Charter 62037

Q1 2015

$903KAssets
$228KLoans
$757KShares
$145KNet 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 -8.48%, down 597 bps year over year; NIM at 1.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 16.04%, down 223 bps from a year ago.
  • Funding: loans stand at 30.09% of shares as of Q1 2015.

Financial Results

Return on Assets (quarter, annualized)

-8.48%-597 bps YoY

Net Interest Margin (quarter, annualized)

1.50%-35 bps YoY

Efficiency Ratio (quarter, annualized)

643%+41,179 bps YoY

Net Worth / Assets

16.04%-223 bps YoY

Discrete quarter, annualized.

MetricQ1 2014Q2 2014Q3 2014Q4 2014Q1 2015YoY ΔTrend
Earnings
Return on Assets-2.51%-2.91%-2.78%-3.01%-8.48%-597 bps
Return on Equity-13.73%-16.79%-16.54%-18.04%-52.87%-3,915 bps
Net Interest Margin1.85%1.76%1.70%1.72%1.50%-35 bps
Efficiency Ratio231%260%257%268%643%+41,179 bps
Growth
Asset Growth (YoY)-3.05%-0.91%1.66%-0.33%-11.87%-882 bps
Loan Growth (YoY)-13.34%-13.42%-24.59%-25.38%-26.89%-1,355 bps
Share Growth (YoY)-0.61%2.37%5.65%3.33%-9.09%-848 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.63%2.72%3.06%3.15%3.59%+97 bps
Capital
Risk-Based Capital18.27%17.34%16.78%16.66%16.04%-223 bps
Net Worth / Assets18.27%17.34%16.78%16.66%16.04%-223 bps
Liquidity & Funding
Loans / Shares37.42%35.60%31.49%31.97%30.09%-733 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps