PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Morrison Employees

Dubuque, IA · Charter 65199

NCUA · 1 branch

Q2 2023

$1.9MAssets
$214KLoans
$1.4MShares
$521KNet 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 0.56%, up 40 bps year over year; NIM at 1.72%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 27.42%, up 37 bps from a year ago.
  • Funding: loans stand at 15.55% of shares as of Q2 2023.

Financial Results

Return on Assets (YTD, annualized)

0.56%+40 bps YoY

Net Interest Margin (YTD, annualized)

1.72%+43 bps YoY

Efficiency Ratio (YTD, annualized)

67.47%-2,002 bps YoY

Net Worth / Assets

27.42%+37 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2022Q3 2022Q4 2022Q1 2023Q2 2023YoY ΔTrend
Earnings
Return on Assets0.16%-0.01%0.00%-0.29%0.56%+40 bps
Return on Equity0.60%-0.02%0.02%-1.07%2.04%+144 bps
Net Interest Margin1.29%1.14%1.14%0.85%1.72%+43 bps
Efficiency Ratio87.49%100.50%99.56%133.81%67.47%-2,002 bps
Growth
Asset Growth (YoY)1.52%-3.90%2.23%-2.52%-0.63%-215 bps
Loan Growth (YoY)-26.23%17.67%95.76%150.45%75.49%+10,172 bps
Share Growth (YoY)2.36%-5.08%3.23%-3.55%-1.38%-374 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans18.81%13.31%10.17%10.38%10.72%-809 bps
Capital
Risk-Based Capital27.04%27.48%27.60%26.99%27.42%+37 bps
Net Worth / Assets27.04%27.48%27.60%26.99%27.42%+37 bps
Liquidity & Funding
Loans / Shares8.74%12.67%16.68%15.94%15.55%+681 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps