Mutual Institutions in the >$500 million asset class nationally and in the Midwest most profitable in 2019—ROAA’s decline from YE 2018 levels
Mutual institutions in the >$500 million asset class nationally – comprised of 147 organizations – earned a median return on average assets of 0.72 percent in 2019, a slight decline from 0.74 percent in 2018. This led all other asset classes nationally in that measure of profitability. For mutuals headquartered in the Midwest, those also in the >$500 million asset class led all other Midwestern-based mutual asset classes on the basis of return on average assets with a 0.55 percent return, a decline from prior year’s total of 0.63 percent. For all mutual institutions nationwide, ROAA levels declined in 2019 to 0.55 percent from 0.58 percent for 2018. For mutuals headquartered in the Midwest, the median ROAA for all of 2019 declined to 0.40 percent from 0.46 percent for 2018. For the 37 Ohio mutuals with less than $1 billion in total assets, the median ROAA for 2019 was 0.41 percent compared with 0.45 percent for 2018. For a no cost, customized report comparing your mutual institution’s financial performance metrics with your state and regional peers, contact: Paul Simoff, senior consultant: firstname.lastname@example.org.
MUTUAL RANKING - DECEMBER 31, 2019