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Merced Municipal Employees

Merced, CA · Charter 62989

NCUA · 1 branch

Q4 2018

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 2018, the quarter ended December 31, 2018, 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

Merced Municipal Employees

Merced, CA · Charter 62989

NCUA · 1 branch

Q4 2018

$1.6MAssets
$1.2MLoans
$1.4MShares
$168KNet Worth

Executive Summary

  • Earnings: ROA of -1.56%, down 119 bps year over year; NIM at 5.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 10.78%, up 77 bps from a year ago.
  • Funding: loans stand at 88.94% of shares as of Q4 2018.

Return on Assets (YTD, annualized)

-1.56%-119 bps YoY

Net Interest Margin (YTD, annualized)

5.30%+25 bps YoY

Efficiency Ratio (YTD, annualized)

116.58%+1,813 bps YoY

Net Worth / Assets

10.78%+77 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018Q2 2018Q3 2018Q4 2018YoY ΔTrend
Earnings
Return on Assets0.44%0.26%-0.34%-0.37%-0.82%-1.56%-1.40%-1.56%-119 bps
Return on Equity4.55%2.61%-3.63%-3.74%-8.05%-15.40%-14.03%-14.48%-1,074 bps
Net Interest Margin4.67%4.82%4.78%5.05%4.74%4.84%4.74%5.30%+25 bps
Efficiency Ratio91.30%90.22%96.85%98.45%113.40%125.76%120.85%116.58%+1,813 bps
Growth
Asset Growth (YoY)4.91%-0.51%0.20%-0.61%-10.93%-13.57%-15.81%-18.87%-1,826 bps
Loan Growth (YoY)24.21%26.63%17.49%-4.05%-10.54%-20.79%-11.55%-12.42%-837 bps
Share Growth (YoY)6.58%0.31%1.32%0.29%-11.48%-14.20%-16.81%-19.32%-1,961 bps
Asset Quality
Delinquent Loans / Loans2.23%2.13%1.64%0.00%0.27%0.29%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans1.10%1.21%1.67%0.11%0.17%0.32%0.20%0.00%-11 bps
Capital
Risk-Based Capital9.66%9.92%9.36%10.01%10.13%10.14%9.96%10.78%+77 bps
Net Worth / Assets9.66%9.92%9.36%10.01%10.13%10.14%9.96%10.78%+77 bps
Liquidity & Funding
Loans / Shares79.79%85.93%77.55%81.93%80.64%79.33%82.45%88.94%+701 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps