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Bedford VA

Bedford, MA · Charter 13859

NCUA · 1 branch

Q3 2022

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 2022, the quarter ended September 30, 2022, 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

Bedford VA

Bedford, MA · Charter 13859

NCUA · 1 branch

Q3 2022

$3.0MAssets
$1.7MLoans
$2.0MShares
$800KNet 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 -0.66%, down 256 bps year over year; NIM at 4.61%.
  • Asset quality: problem loans at 11.02% of loans (+803 bps YoY).
  • Capital: net worth / assets of 26.32%, up 116 bps from a year ago.
  • Funding: loans stand at 81.93% of shares as of Q3 2022.

Financial Results

Return on Assets (YTD, annualized)

-0.66%-256 bps YoY

Net Interest Margin (YTD, annualized)

4.61%-25 bps YoY

Efficiency Ratio (YTD, annualized)

73.04%+1,204 bps YoY

Net Worth / Assets

26.32%+116 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets1.90%1.81%1.88%-1.02%-0.66%-256 bps
Return on Equity7.54%7.03%7.21%-4.06%-2.52%-1,006 bps
Net Interest Margin4.86%4.90%4.68%4.45%4.61%-25 bps
Efficiency Ratio61.00%63.42%60.31%61.39%73.04%+1,204 bps
Growth
Asset Growth (YoY)9.27%5.84%3.73%-0.82%-4.47%-1,374 bps
Loan Growth (YoY)4.33%-2.42%-9.42%-15.22%-22.67%-2,699 bps
Share Growth (YoY)17.22%12.49%7.57%2.72%-2.21%-1,944 bps
Asset Quality
Delinquent Loans / Loans3.00%6.50%10.36%13.26%11.02%+803 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.11%1.03%1.11%2.51%2.79%+168 bps
Capital
Risk-Based Capital25.15%25.78%26.03%25.22%26.32%+116 bps
Net Worth / Assets25.15%25.78%26.03%25.22%26.32%+116 bps
Liquidity & Funding
Loans / Shares103.60%98.84%92.09%85.48%81.93%-2,167 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps