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Navy PWC Norva

Virginia Beach, VA · Charter 13491

NCUA · 5 branches

Q4 2021

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: Q4 2021, the quarter ended December 31, 2021, 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

Navy PWC Norva

Virginia Beach, VA · Charter 13491

NCUA · 5 branches

Q4 2021

$63.5MAssets
$28.5MLoans
$60.5MShares
$3.0MNet 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 -0.96%, down 11 bps year over year; NIM at 2.61%.
  • Asset quality: problem loans at 1.16% of loans (+20 bps YoY).
  • Capital: net worth / assets of 4.75%, down 122 bps from a year ago.
  • Funding: loans stand at 47.13% of shares as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

-0.96%-11 bps YoY

Net Interest Margin (YTD, annualized)

2.61%-14 bps YoY

Efficiency Ratio (YTD, annualized)

123.87%+1,644 bps YoY

Net Worth / Assets

4.75%-122 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets-0.85%-0.28%-0.68%-0.66%-0.96%-11 bps
Return on Equity-14.28%-4.97%-12.94%-12.95%-20.26%-598 bps
Net Interest Margin2.76%2.52%2.53%2.55%2.61%-14 bps
Efficiency Ratio107.43%112.15%116.54%114.38%123.87%+1,644 bps
Growth
Asset Growth (YoY)6.01%12.66%7.96%6.09%4.55%-146 bps
Loan Growth (YoY)-18.84%-15.77%-7.38%1.77%0.95%+1,980 bps
Share Growth (YoY)7.10%14.75%9.77%7.57%6.61%-49 bps
Asset Quality
Delinquent Loans / Loans0.96%1.00%0.50%0.60%1.16%+20 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.12%0.98%1.01%0.98%0.97%-15 bps
Capital
Risk-Based Capital5.97%5.61%5.28%5.06%4.75%-122 bps
Net Worth / Assets5.97%5.61%5.28%5.06%4.75%-122 bps
Liquidity & Funding
Loans / Shares49.77%45.90%46.19%47.47%47.13%-264 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps