Allegan, MI · Charter 68729
NCUA · 5 branches
Q2 2024
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2024, the quarter ended June 30, 2024, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
Credit unions under $1B in assets in MI (n=65). Each measure ranks only the institutions that reported it, so n varies by measure.
Peer groups below the disclosure floor are suppressed.
Capital
57
Asset Quality
65
Profitability
34
Liquidity
4
Efficiency
3
Growth
No peer data yet
Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.
Allegan, MI · Charter 68729
NCUA · 5 branches
Q2 2024
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 3.39% | 2.47% | 0.65% | 1.51% | 1.46% | 1.03% | 0.35% | -1.98% | -349 bps | |
| Return on Equity | 34.64% | 25.61% | 5.95% | 13.13% | 11.98% | 8.42% | 2.94% | -17.13% | -3,026 bps | |
| Net Interest Margin | 3.33% | 3.39% | 3.69% | 3.83% | 4.10% | 4.21% | 4.36% | 4.88% | +105 bps | |
| Efficiency Ratio | 55.34% | 59.68% | 88.97% | 69.46% | 71.45% | 75.31% | 87.40% | 116.83% | +4,737 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | n/a | n/a | n/a | 85.60% | 83.28% | 80.35% | -1.18% | -2.97% | -8,857 bps | |
| Loan Growth (YoY) | n/a | n/a | n/a | 98.93% | 87.30% | 76.11% | 9.97% | 5.34% | -9,359 bps | |
| Share Growth (YoY) | n/a | n/a | n/a | 82.74% | 77.68% | 78.10% | -3.32% | -3.73% | -8,648 bps | |
| Asset Quality | ||||||||||
| Delinquent Loans / Loans | 0.85% | 0.27% | 0.56% | 0.40% | 0.35% | 0.45% | 0.45% | 0.42% | +2 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Capital | ||||||||||
| Risk-Based Capital | 9.78% | 9.63% | 10.91% | 11.50% | 12.14% | 12.24% | 11.96% | 11.57% | +7 bps | |
| Net Worth / Assets | 9.78% | 9.63% | 10.91% | 11.50% | 12.14% | 12.24% | 11.96% | 11.57% | +7 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Shares | 77.32% | 84.80% | 73.89% | 78.09% | 81.50% | 83.85% | 84.05% | 85.45% | +736 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
Allegan, MI · Charter 68729 · Peer group: credit unions under $1B in assets in MI (n=65)
NCUA · 5 branches
Q2 2024
Return on Assets
-1.98%
Rank 64 of 65
Net Interest Margin
4.88%
Rank 2 of 65
Efficiency Ratio
116.84%
Rank 64 of 65
Equity / Assets
11.57%
Rank 28 of 65
| Metric | Your Credit Union | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||
| Return on Assets | -1.98% | 0.21% | 0.69% | 1.26% | Beats 2% | 64 / 65 | n/a | |
| Return on Equity | -17.14% | 2.29% | 5.26% | 9.58% | Beats 2% | 64 / 65 | n/a | |
| Net Interest Margin | 4.88% | 2.86% | 3.35% | 4.05% | Beats 97% | 2 / 65 | n/a | |
| Efficiency Ratio | 116.84% | 67.68% | 76.91% | 90.23% | Beats 3% | 64 / 65 | n/a | |
| Asset Quality | ||||||||
| Nonperforming Loans / Loans | 0.42% | 0.35% | 0.61% | 0.88% | Beats 65% | 24 / 65 | n/a | |
| Net Charge-Offs / Loans | n/a | Not reported for this institution | ||||||
| Capital | ||||||||
| Tier 1 Capital Ratio | 11.57% | 9.53% | 10.97% | 13.34% | Beats 57% | 28 / 65 | n/a | |
| Total Risk-Based Capital Ratio | n/a | Not reported for this institution | ||||||
| Equity / Assets | 11.57% | 9.53% | 10.97% | 13.34% | Beats 57% | 28 / 65 | n/a | |
| Liquidity & Funding | ||||||||
| Loans / Deposits | 85.45% | 55.09% | 65.79% | 73.20% | 86th pctl | 9 / 65 | n/a | |
| Loans / Assets | 73.80% | 47.61% | 57.76% | 66.21% | 86th pctl | 9 / 65 | n/a | |
| Brokered Deposits / Deposits | n/a | Not reported for this institution | ||||||