PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Merced Municipal Employees

Merced, CA · Charter 62989

NCUA · 1 branch

Q4 2018

$1.6MAssets
$1.2MLoans
$1.4MShares
$168KNet 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 -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.

Financial Results

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.

MetricQ4 2017Q1 2018Q2 2018Q3 2018Q4 2018YoY ΔTrend
Earnings
Return on Assets-0.37%-0.82%-1.56%-1.40%-1.56%-119 bps
Return on Equity-3.74%-8.05%-15.40%-14.03%-14.48%-1,074 bps
Net Interest Margin5.05%4.74%4.84%4.74%5.30%+25 bps
Efficiency Ratio98.45%113.40%125.76%120.85%116.58%+1,813 bps
Growth
Asset Growth (YoY)-0.61%-10.93%-13.57%-15.81%-18.87%-1,826 bps
Loan Growth (YoY)-4.05%-10.54%-20.79%-11.55%-12.42%-837 bps
Share Growth (YoY)0.29%-11.48%-14.20%-16.81%-19.32%-1,961 bps
Asset Quality
Delinquent Loans / Loans0.00%0.27%0.29%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.11%0.17%0.32%0.20%0.00%-11 bps
Capital
Risk-Based Capital10.01%10.13%10.14%9.96%10.78%+77 bps
Net Worth / Assets10.01%10.13%10.14%9.96%10.78%+77 bps
Liquidity & Funding
Loans / Shares81.93%80.64%79.33%82.45%88.94%+701 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps