Mutual Bank Performance Holds Steady Throughout the First Half ‘19

Mutual banks nationally experienced little change in key financial performance metrics for the first half of 2019 compared with first quarter results.  Mutual bank balance sheets nationally grew by 3.6 percent during the first half of 2019 compared with four percent during the first quarter of 2019.  Loans increased modestly in the first half of 2019 compared with the first quarter of 2019 (2.6 percent vs. 1.5 percent) while deposit growth declined to 3.8 percent YTD ‘19 compared with 5.4 percent for the first quarter.  Return on Average Assets (ROAA) ticked downward to 0.55 percent for the first half of 2019 compared with 0.56 for the first quarter.  Net interest income to average assets held steady at 3.13 percent while non interest income increased to 0.34 percent of average assets YTD ‘19 from 0.32 percent for the first quarter.  Non interest expense to average assets rose slightly to 2.78 percent YTD ‘19 compared with 2.76 percent for the first quarter of 2019.  For a customized report comparing your bank’s performance data with regional and/or national trends, contact Paul Simoff, senior consultant, at psimoff@probank.com.

 

MUTUAL RANKING - JUNE 30, 2019