PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Minnesota Ore Operations Employees

Hibbing, MN · Charter 64325

NCUA · 1 branch

Q4 2018

$7.4MAssets
$2.2MLoans
$6.3MShares
$951KNet Worth

Executive Summary

  • Earnings: ROA of -7.60%, down 763 bps year over year; NIM at -2.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 12.82%, down 631 bps from a year ago.
  • Funding: loans stand at 34.75% of shares as of Q4 2018.

Return on Assets (quarter, annualized)

-7.60%-763 bps YoY

Net Interest Margin (quarter, annualized)

-2.30%-457 bps YoY

Efficiency Ratio (quarter, annualized)

n/a

Net Worth / Assets

12.82%-631 bps YoY

Discrete quarter, annualized.

MetricQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018Q2 2018Q3 2018Q4 2018YoY ΔTrend
Earnings
Return on Assets0.03%0.03%0.14%0.03%0.03%0.02%0.01%-7.60%-763 bps
Return on Equity0.16%0.17%0.70%0.16%0.17%0.09%0.07%-59.33%-5,949 bps
Net Interest Margin2.19%2.30%2.33%2.27%2.36%2.50%2.53%-2.30%-457 bps
Efficiency Ratio97.42%97.49%93.65%98.13%98.64%99.33%99.47%n/an/a
Growth
Asset Growth (YoY)-0.02%-3.50%-2.68%0.68%-4.74%-7.32%-6.84%-6.31%-700 bps
Loan Growth (YoY)2.72%-3.51%-5.72%-10.99%-13.40%-1.93%3.67%11.71%+2,270 bps
Share Growth (YoY)-0.02%-4.32%-3.43%0.78%-5.90%-9.22%-8.50%-1.02%-180 bps
Asset Quality
Delinquent Loans / Loans0.05%0.00%0.00%0.00%0.00%0.00%0.08%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.25%0.24%0.24%0.25%0.26%0.25%0.23%0.23%-3 bps
Capital
Risk-Based Capital18.61%19.18%19.37%19.13%19.57%20.71%20.73%12.82%-631 bps
Net Worth / Assets18.61%19.18%19.37%19.13%19.57%20.71%20.73%12.82%-631 bps
Liquidity & Funding
Loans / Shares33.30%32.59%33.33%30.79%30.65%35.21%37.76%34.75%+396 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps