Balance sheet growth rates for Ohio mutuals declined precipitously in the first quarter of 2019 compared with first quarter 2018 results. Through the first quarter of 2019, total assets increased by 1.5 percent compared with 4.3 percent for the same period of 2018. Total loans increased by 1.2 percent in Q1 ’19 compared with 5.2…
read article →Mutual Institutions in the $500 million asset class nationally and in the Midwest most profitable in 2018. Mutual institutions in the $500 million asset class nationally – comprised of 144 organizations – earned a median return on average assets of 0.74 percent in 2018. This led all other asset classes nationally in that measure of…
read article →Midwest-based Mutual Institutions Lag in Third Quarter Loan and Deposit Growth Rates Compared with Mutuals Nationally. ProBank Austin’s most recent quarterly analysis of mutual financial institution performance metrics is now available. While mutuals based outside the Midwest experienced greater rates of growth in deposits and loans during the third quarter of 2018, mutuals overall saw…
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