PackageTrendsPeer
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Norfolk Municipal Employees

Norfolk, VA · Charter 11951

NCUA · 1 branch

Q1 2018

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2018, the quarter ended March 31, 2018, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: NCUA 5300 Call Report, as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Norfolk Municipal Employees

Norfolk, VA · Charter 11951

NCUA · 1 branch

Q1 2018

$26.2MAssets
$8.4MLoans
$23.6MShares
$2.4MNet Worth

NIM

NIM decomposition not available for credit unions

Non-interest income vs. expense

Non-interest trend not available for credit unions

Executive Summary

  • Earnings: ROA of -4.22%, down 338 bps year over year; NIM at 2.45%.
  • Asset quality: problem loans at 0.52% of loans (+47 bps YoY).
  • Capital: net worth / assets of 9.23%, down 90 bps from a year ago.
  • Funding: loans stand at 35.44% of shares as of Q1 2018.

Financial Results

Return on Assets (YTD, annualized)

-4.22%-338 bps YoY

Net Interest Margin (YTD, annualized)

2.45%+19 bps YoY

Efficiency Ratio (YTD, annualized)

185.42%+8,180 bps YoY

Net Worth / Assets

9.23%-90 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018YoY ΔTrend
Earnings
Return on Assets-0.85%-0.12%-0.04%0.05%-4.22%-338 bps
Return on Equity-8.38%-1.13%-0.36%0.48%-45.75%-3,737 bps
Net Interest Margin2.27%2.29%2.37%2.38%2.45%+19 bps
Efficiency Ratio103.62%104.42%103.26%103.37%185.42%+8,180 bps
Growth
Asset Growth (YoY)-4.29%1.42%-0.05%1.49%1.01%+530 bps
Loan Growth (YoY)4.42%-8.57%-8.67%-7.47%-4.47%-889 bps
Share Growth (YoY)-3.57%1.95%0.22%1.56%1.52%+509 bps
Asset Quality
Delinquent Loans / Loans0.05%0.33%0.53%0.32%0.52%+47 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.96%1.21%1.60%1.23%1.89%-7 bps
Capital
Risk-Based Capital10.13%10.30%10.52%10.46%9.23%-90 bps
Net Worth / Assets10.13%10.30%10.52%10.46%9.23%-90 bps
Liquidity & Funding
Loans / Shares37.66%37.18%37.28%36.38%35.44%-222 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps