PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Midwest Community

Sioux City, IA · Charter 63494

NCUA · 1 branch

Q2 2023

$43.2MAssets
$12.1MLoans
$39.9MShares
$3.1MNet Worth

Executive Summary

  • Earnings: ROA of 0.29%, up 43 bps year over year; NIM at 2.13%.
  • Asset quality: problem loans at 0.08% of loans (-11 bps YoY).
  • Capital: net worth / assets of 7.25%, up 64 bps from a year ago.
  • Funding: loans stand at 30.23% of shares as of Q2 2023.

Return on Assets (YTD, annualized)

0.29%+43 bps YoY

Net Interest Margin (YTD, annualized)

2.13%+48 bps YoY

Efficiency Ratio (YTD, annualized)

86.09%-1,106 bps YoY

Net Worth / Assets

7.25%+64 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023YoY ΔTrend
Earnings
Return on Assets0.20%-0.07%0.03%-0.13%0.17%0.21%0.44%0.29%+43 bps
Return on Equity2.77%-1.03%0.45%-2.01%2.51%3.00%6.34%4.04%+605 bps
Net Interest Margin1.79%1.75%1.61%1.64%1.68%1.83%2.05%2.13%+48 bps
Efficiency Ratio91.01%102.34%98.55%97.15%86.31%85.83%82.14%86.09%-1,106 bps
Growth
Asset Growth (YoY)23.02%18.55%11.11%9.64%8.75%4.75%0.72%-3.20%-1,284 bps
Loan Growth (YoY)-1.25%0.47%1.70%3.57%6.13%6.94%5.39%3.97%+40 bps
Share Growth (YoY)25.19%20.09%12.21%10.61%9.05%4.91%0.40%-3.95%-1,457 bps
Asset Quality
Delinquent Loans / Loans0.05%0.14%0.60%0.19%0.12%0.14%0.29%0.08%-11 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.62%0.64%0.65%0.64%0.58%0.63%0.00%0.00%-64 bps
Capital
Risk-Based Capital7.26%7.02%6.71%6.61%6.59%6.90%6.96%7.25%+64 bps
Net Worth / Assets7.26%7.02%6.71%6.61%6.59%6.90%6.96%7.25%+64 bps
Liquidity & Funding
Loans / Shares29.27%29.29%27.27%27.92%28.49%29.86%28.62%30.23%+230 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps