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M. A. Ford Employees

Davenport, IA · Charter 63945

NCUA · 1 branch

Q3 2019

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: Q3 2019, the quarter ended September 30, 2019, 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

M. A. Ford Employees

Davenport, IA · Charter 63945

NCUA · 1 branch

Q3 2019

$1.7MAssets
$527KLoans
$1.6MShares
$151KNet 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 -3.51%, down 392 bps year over year; NIM at 1.34%.
  • Asset quality: problem loans at 8.98% of loans (+348 bps YoY).
  • Capital: net worth / assets of 8.85%, down 257 bps from a year ago.
  • Funding: loans stand at 33.93% of shares as of Q3 2019.

Financial Results

Return on Assets (YTD, annualized)

-3.51%-392 bps YoY

Net Interest Margin (YTD, annualized)

1.34%-5 bps YoY

Efficiency Ratio (YTD, annualized)

62.82%-731 bps YoY

Net Worth / Assets

8.85%-257 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets0.41%0.56%-6.70%-5.47%-3.51%-392 bps
Return on Equity3.62%4.87%-67.81%-62.60%-39.66%-4,328 bps
Net Interest Margin1.38%1.35%1.59%1.38%1.34%-5 bps
Efficiency Ratio70.14%60.21%88.66%83.28%62.82%-731 bps
Growth
Asset Growth (YoY)6.18%6.62%4.84%4.32%1.75%-443 bps
Loan Growth (YoY)13.36%6.53%-2.45%-6.11%-9.44%-2,280 bps
Share Growth (YoY)6.53%6.81%6.61%7.64%4.72%-181 bps
Asset Quality
Delinquent Loans / Loans5.50%7.23%4.37%11.42%8.98%+348 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans3.18%0.45%3.40%7.35%9.17%+599 bps
Capital
Risk-Based Capital11.42%11.52%9.89%8.73%8.85%-257 bps
Net Worth / Assets11.42%11.52%9.89%8.73%8.85%-257 bps
Liquidity & Funding
Loans / Shares39.24%35.55%35.72%33.58%33.93%-531 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps