Sterling Hgts, MI · Charter 7927
NCUA · 1 branch
Q3 2024
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2024, the quarter ended September 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=63). Each measure ranks only the institutions that reported it, so n varies by measure.
Peer groups below the disclosure floor are suppressed.
Capital
0
Asset Quality
29
Profitability
0
Liquidity
76
Efficiency
2
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.
Sterling Hgts, MI · Charter 7927
NCUA · 1 branch
Q3 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 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.27% | -0.42% | -0.15% | -0.07% | -0.34% | -1.11% | -2.14% | -2.49% | -241 bps | |
| Return on Equity | 3.05% | -5.93% | -1.92% | -0.92% | -4.55% | -17.54% | -38.99% | -50.58% | -4,967 bps | |
| Net Interest Margin | 2.40% | 1.48% | 1.73% | 1.89% | 1.72% | 1.08% | 1.42% | 1.64% | -25 bps | |
| Efficiency Ratio | 91.04% | 110.47% | 101.34% | 101.12% | 106.19% | 128.26% | 124.02% | 141.47% | +4,035 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -7.28% | 2.02% | 12.28% | 13.98% | 11.33% | 3.37% | 11.01% | 14.63% | +65 bps | |
| Loan Growth (YoY) | -2.93% | -4.39% | 1.27% | -0.24% | 3.05% | 1.40% | -2.90% | -3.33% | -309 bps | |
| Share Growth (YoY) | -17.07% | 1.83% | 13.46% | 26.58% | 17.83% | 4.61% | 11.72% | 17.97% | -861 bps | |
| Asset Quality | ||||||||||
| Delinquent Loans / Loans | 0.53% | 0.09% | 1.46% | 1.62% | 4.08% | 1.70% | 0.65% | 0.99% | -63 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 | 1.09% | 1.00% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Capital | ||||||||||
| Risk-Based Capital | 8.72% | 7.02% | 7.55% | 8.07% | 7.49% | 6.32% | 5.50% | 4.91% | -315 bps | |
| Net Worth / Assets | 8.72% | 7.02% | 7.55% | 8.07% | 7.49% | 6.32% | 5.50% | 4.91% | -315 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Shares | 85.59% | 62.93% | 71.21% | 73.60% | 74.84% | 61.00% | 61.89% | 60.31% | -1,329 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
Sterling Hgts, MI · Charter 7927 · Peer group: credit unions under $1B in assets in MI (n=63)
NCUA · 1 branch
Q3 2024
Return on Assets
-2.49%
Rank 63 of 63
Net Interest Margin
1.64%
Rank 63 of 63
Efficiency Ratio
141.46%
Rank 63 of 63
Equity / Assets
4.91%
Rank 63 of 63
| Metric | Your Credit Union | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||
| Return on Assets | -2.49% | 0.37% | 0.70% | 1.33% | Beats 0% | 63 / 63 | ||
| Return on Equity | -50.59% | 3.23% | 6.03% | 11.19% | Beats 0% | 63 / 63 | ||
| Net Interest Margin | 1.64% | 2.84% | 3.38% | 4.12% | Beats 0% | 63 / 63 | ||
| Efficiency Ratio | 141.46% | 66.16% | 75.56% | 86.49% | Beats 2% | 63 / 63 | ||
| Asset Quality | ||||||||
| Nonperforming Loans / Loans | 0.99% | 0.35% | 0.71% | 1.01% | Beats 29% | 46 / 63 | ||
| Net Charge-Offs / Loans | n/a | Not reported for this institution | ||||||
| Capital | ||||||||
| Tier 1 Capital Ratio | 4.91% | 9.57% | 11.27% | 13.59% | Beats 0% | 63 / 63 | ||
| Total Risk-Based Capital Ratio | n/a | Not reported for this institution | ||||||
| Equity / Assets | 4.91% | 9.57% | 11.27% | 13.60% | Beats 0% | 63 / 63 | ||
| Liquidity & Funding | ||||||||
| Loans / Deposits | 60.31% | 55.52% | 66.05% | 75.03% | 35th pctl | 41 / 63 | ||
| Loans / Assets | 57.00% | 46.77% | 58.30% | 67.45% | 44th pctl | 35 / 63 | ||
| Brokered Deposits / Deposits | n/a | Not reported for this institution | ||||||