A bank's ability to earn money affects its safety and soundness. Earnings may be retained by the bank, boosting its capital cushion, or be used to deal with problematic loans, potentially making the bank better able to withstand economic shocks. Conversely, losses take away from a bank's ability to do those things.
Millville Savings and Loan Association did below-average on Bankrate's test of earnings, achieving a score of 4 out of a possible 30.
One important way to measure a bank's earnings is return on equity, or net income (profit, essentially) divided by total equity. The most recent annualized quarterly return on equity for Millville Savings and Loan Association was 1.42 percent, below the national average of 8.10 percent.
The bank recorded net income of $250,000 on total equity of $17.5 million for the twelve months ended December 31, 2017. The bank had an annualized return on average assets, or ROA, of 0.18 percent, below the 1 percent deemed satisfactory in accordance with industry standards and below the average for U.S. banks of 1.00 percent.