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Richmond

Richmond, VA · Charter 12456

NCUA · 4 branches

Q3 2023

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: Q3 2023, the quarter ended September 30, 2023, 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 2026-10-11

Richmond

Richmond, VA · Charter 12456

NCUA · 4 branches

Q3 2023

$91.9MAssets
$58.8MLoans
$78.9MShares
$5.4MNet Worth

Executive Summary

  • Earnings: ROA of -2.71%, down 273 bps year over year; NIM at 3.12%.
  • Asset quality: problem loans at 1.13% of loans (+68 bps YoY).
  • Capital: net worth / assets of 5.84%, down 148 bps from a year ago.
  • Funding: loans stand at 74.48% of shares as of Q3 2023.

Return on Assets (YTD, annualized)

-2.71%-273 bps YoY

Net Interest Margin (YTD, annualized)

3.12%+52 bps YoY

Efficiency Ratio (YTD, annualized)

161.67%+6,169 bps YoY

Net Worth / Assets

5.84%-148 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets0.22%-0.50%-0.31%0.01%0.13%0.33%0.12%-2.71%-273 bps
Return on Equity2.90%-6.63%-4.12%0.15%1.74%4.33%1.53%-46.48%-4,663 bps
Net Interest Margin2.21%2.25%2.48%2.61%2.81%3.18%3.11%3.12%+52 bps
Efficiency Ratio97.83%116.12%108.30%99.98%95.74%92.93%94.48%161.67%+6,169 bps
Growth
Asset Growth (YoY)5.67%1.14%1.73%6.58%2.36%2.21%1.35%-5.49%-1,207 bps
Loan Growth (YoY)-5.02%0.92%16.89%30.54%35.29%32.66%8.37%-6.80%-3,734 bps
Share Growth (YoY)6.11%1.26%2.09%0.36%-2.63%-6.19%-6.39%-6.17%-653 bps
Asset Quality
Delinquent Loans / Loans0.37%0.29%0.24%0.45%0.72%0.81%0.81%1.13%+68 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.19%0.18%0.17%0.15%0.15%0.00%0.00%0.00%-15 bps
Capital
Risk-Based Capital7.66%7.54%7.54%7.32%7.61%7.71%7.78%5.84%-148 bps
Net Worth / Assets7.66%7.54%7.54%7.32%7.61%7.71%7.78%5.84%-148 bps
Liquidity & Funding
Loans / Shares54.61%55.59%65.94%74.99%75.88%78.61%76.34%74.48%-51 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps