PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Mohawk Progressive

Schenectady, NY · Charter 907

NCUA · 1 branch

Q1 2024

$12.4MAssets
$9.3MLoans
$11.3MShares
$1.1MNet 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 -0.45%, down 92 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 7.58% of loans (-9 bps YoY).
  • Capital: net worth / assets of 8.52%, up 95 bps from a year ago.
  • Funding: loans stand at 82.38% of shares as of Q1 2024.

Financial Results

Return on Assets (YTD, annualized)

-0.45%-92 bps YoY

Net Interest Margin (YTD, annualized)

3.46%-44 bps YoY

Efficiency Ratio (YTD, annualized)

111.60%+3,917 bps YoY

Net Worth / Assets

8.52%+95 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets0.48%0.85%1.00%0.97%-0.45%-92 bps
Return on Equity6.29%10.75%12.06%11.24%-5.26%-1,155 bps
Net Interest Margin3.91%4.00%4.13%4.13%3.46%-44 bps
Efficiency Ratio72.43%72.01%71.87%73.29%111.60%+3,917 bps
Growth
Asset Growth (YoY)2.06%1.75%3.85%-4.32%-2.76%-481 bps
Loan Growth (YoY)22.85%25.01%31.43%23.76%17.62%-523 bps
Share Growth (YoY)3.67%2.70%4.54%-6.57%-3.76%-743 bps
Asset Quality
Delinquent Loans / Loans7.68%11.38%11.70%6.94%7.58%-9 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital7.57%7.91%8.28%8.59%8.52%+95 bps
Net Worth / Assets7.57%7.91%8.28%8.59%8.52%+95 bps
Liquidity & Funding
Loans / Shares67.40%72.97%81.60%85.46%82.38%+1,497 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps