Articles

YE ’21 Trend Lines In Holding Pattern For Mutuals Nationwide

February 4, 2022 - 2 min read

Mutual peer data for 2021 reflected “more of the same” especially in terms of loan growth, expense management and net income. Loan growth for all of 2021 grew at a paltry rate of one percent for mutuals nationwide, 1.3 percent for mutuals based in the Midwest and 2.3 percent for Ohio-based mutuals. From an expense…

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2021 Q3 Mutual Performance Data – Trends Remain Unchanged

November 5, 2021 - 2 min read

Mutuals throughout Ohio, the Midwest and nationally appear to be in a stuck in a financial institution Groundhog Day time warp. Limited loan growth, excess liquidity and historically low net interest margins are recurring trends evident in third quarter financial results for mutuals across the asset size spectrum. Total loans through the first nine month…

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Q2 Mutual Performance Data Virtually Unchanged From Q1

September 2, 2021 - 2 min read

There was little change in mutual performance data in a comparison of second quarter 2021 with first quarter 2021 results.  Mutual executives throughout the nation all cite the lack of loan growth, too much cash and net interest margins that continue in their narrow range. Net interest income, whether among Ohio mutuals or mutuals nationwide,…

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First Quarter ’21 Challenging for Mutuals Nationwide

May 17, 2021 - 2 min read

If first quarter data are predictive of future performance, 2021 will be among the most challenging years in recent memory for mutual management teams and directors. Balance sheet management strategies are confronted by the combined headwinds of historically low interest rates, double-digit deposit growth (fueled by government stimulus payments) and declining loan balances (with prepayments…

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Mutual Institution Financial Performance Trends Hold Steady Through Q3 2020

December 16, 2020 - 2 min read

Most balance sheet and income trends held steady through the third quarter of 2020 compared with prior quarter results and trends. Balance sheets continued to be bolstered by double digit deposit growth rates while mutuals, especially those based in Ohio, experienced revenue increases from gain on loan sales. Among the findings for the third quarter…

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Mutual Bank Quarterly Report

September 15, 2020 - 2 min read

Impact of Corona Virus Economy Emerges in 2Q Mutual Data As noted in last quarter’s mutual peer data report, the impact of the economic shutdown was unlikely to be revealed until at least the second or third quarter financial reports of mutuals throughout the nation, as well as in Ohio and the Midwest.  Balance sheets…

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Mutual Bank Quarterly Report

June 11, 2020 - 2 min read

Net Incomes Decline for Mutuals Nationally During First Quarter 2020 First quarter 2020 mutual financial performance data presents a new chapter in the evaluation of peer metrics for mutual institutions throughout the U.S.  The closing down of entire sectors of the nation’s economy beginning in February, unprecedented spikes in unemployment, an influx of PPP loans…

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Mutual Bank Quarterly Report

February 14, 2020 - 2 min read

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…

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Mutual Bank Quarterly Report

November 8, 2019 - 2 min read

Ohio Mutuals Balance Sheet Growth Rates Comparable to Overall Growth Rates Nationally For the first nine months of 2019, mutual institutions nationally (468 mutuals) and those headquartered in Ohio (38 mutuals—excluding two multi-billion-asset institutions) grew their balance sheets by 3.4 percent compared with 1.3 percent for the 139 mutuals headquartered in the Midwest.  Loan balances…

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Mutual Bank Quarterly Report

August 26, 2019 - 1 min read

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…

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Balance Sheet Growth Rates Decline – ROAA Remains Flat For Ohio Mutuals

May 13, 2019 - 1 min read

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…

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