PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Motor City Co-op

Clinton Twp, MI · Charter 63289

NCUA · 4 branches

Q1 2020

$149.6MAssets
$85.2MLoans
$129.1MShares
$18.1MNet 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 -3.42%, down 314 bps year over year; NIM at 3.18%.
  • Asset quality: problem loans at 0.22% of loans (-72 bps YoY), with net charge-offs at 0.02%.
  • Capital: net worth / assets of 12.07%, down 96 bps from a year ago.
  • Funding: loans stand at 65.95% of shares as of Q1 2020.

Financial Results

Return on Assets (YTD, annualized)

-3.42%-314 bps YoY

Net Interest Margin (YTD, annualized)

3.18%-41 bps YoY

Efficiency Ratio (YTD, annualized)

178.82%+8,736 bps YoY

Net Worth / Assets

12.07%-96 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2019Q2 2019Q3 2019Q4 2019Q1 2020YoY ΔTrend
Earnings
Return on Assets-0.29%0.07%0.20%0.13%-3.42%-314 bps
Return on Equity-2.20%0.51%1.46%0.98%-28.37%-2,617 bps
Net Interest Margin3.59%3.62%3.69%3.64%3.18%-41 bps
Efficiency Ratio91.46%87.26%86.58%89.76%178.82%+8,736 bps
Growth
Asset Growth (YoY)1.19%-0.05%-0.05%0.66%2.36%+117 bps
Loan Growth (YoY)-6.00%-5.27%-9.12%-12.10%-13.89%-789 bps
Share Growth (YoY)1.15%-0.38%-0.79%-0.24%2.01%+87 bps
Asset Quality
Delinquent Loans / Loans0.94%0.54%0.64%0.57%0.22%-72 bps
Net Charge-Offs / Loans0.05%0.04%0.03%0.03%0.02%-3 bps
Allowance / Loans1.37%1.33%1.29%1.23%0.87%-50 bps
Capital
Risk-Based Capital13.03%13.26%13.66%13.54%12.07%-96 bps
Net Worth / Assets13.03%13.26%13.66%13.54%12.07%-96 bps
Liquidity & Funding
Loans / Shares78.13%77.12%76.61%73.41%65.95%-1,218 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps