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Michoud

New Orleans, LA · Charter 65659

NCUA · 2 branches

Q1 2017

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: Q1 2017, the quarter ended March 31, 2017, 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

Michoud

New Orleans, LA · Charter 65659

NCUA · 2 branches

Q1 2017

$3.8MAssets
$2.2MLoans
$3.5MShares
$224KNet 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 -18.47%, down 1,521 bps year over year; NIM at 4.48%.
  • Asset quality: problem loans at 6.91% of loans (+648 bps YoY).
  • Capital: net worth / assets of 5.94%, down 948 bps from a year ago.
  • Funding: loans stand at 63.35% of shares as of Q1 2017.

Financial Results

Return on Assets (YTD, annualized)

-18.47%-1,521 bps YoY

Net Interest Margin (YTD, annualized)

4.48%-11 bps YoY

Efficiency Ratio (YTD, annualized)

355%+21,002 bps YoY

Net Worth / Assets

5.94%-948 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2016Q2 2016Q3 2016Q4 2016Q1 2017YoY ΔTrend
Earnings
Return on Assets-3.26%-3.25%-6.55%-6.59%-18.47%-1,521 bps
Return on Equity-21.13%-22.01%-57.69%-63.06%-311%-28,952 bps
Net Interest Margin4.58%4.61%4.65%4.77%4.48%-11 bps
Efficiency Ratio145.11%146.50%191.45%187.69%355%+21,002 bps
Growth
Asset Growth (YoY)-3.18%-3.25%-0.19%-1.34%-5.69%-251 bps
Loan Growth (YoY)16.30%7.62%-0.54%-2.97%-9.21%-2,551 bps
Share Growth (YoY)-0.96%-0.65%4.00%3.04%4.35%+532 bps
Asset Quality
Delinquent Loans / Loans0.44%0.07%3.00%6.31%6.91%+648 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.22%1.05%0.99%1.05%1.31%+9 bps
Capital
Risk-Based Capital15.43%14.75%11.35%10.45%5.94%-948 bps
Net Worth / Assets15.43%14.75%11.35%10.45%5.94%-948 bps
Liquidity & Funding
Loans / Shares72.82%73.80%71.23%72.23%63.35%-947 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps