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Richmond City Employees

Richmond, IN · Charter 14768

NCUA · 1 branch

Q1 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: Q1 2023, the quarter ended March 31, 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 City Employees

Richmond, IN · Charter 14768

NCUA · 1 branch

Q1 2023

$6.3MAssets
$5.2MLoans
$6.5MShares
$-437KNet Worth

Executive Summary

  • Earnings: ROA of -36.60%, down 3,721 bps year over year; NIM at 3.31%.
  • Asset quality: problem loans at 1.06% of loans (-26 bps YoY).
  • Capital: net worth / assets of -6.91%, down 1,544 bps from a year ago.
  • Funding: loans stand at 80.57% of shares as of Q1 2023.

Return on Assets (YTD, annualized)

-36.60%-3,721 bps YoY

Net Interest Margin (YTD, annualized)

3.31%-90 bps YoY

Efficiency Ratio (YTD, annualized)

862%+78,563 bps YoY

Net Worth / Assets

-6.91%-1,544 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023YoY ΔTrend
Earnings
Return on Assets0.46%1.03%1.02%0.61%0.39%-8.22%-7.69%-36.60%-3,721 bps
Return on Equity5.19%11.15%11.41%7.20%4.52%-354%-378%n/an/a
Net Interest Margin3.90%4.02%3.97%4.21%4.13%4.13%4.71%3.31%-90 bps
Efficiency Ratio71.58%65.81%66.87%76.21%75.35%81.15%95.35%862%+78,563 bps
Growth
Asset Growth (YoY)3.28%2.79%8.16%18.47%16.87%12.36%-8.24%-22.40%-4,087 bps
Loan Growth (YoY)78.26%90.27%75.85%52.26%31.42%1.25%-14.41%-28.74%-8,100 bps
Share Growth (YoY)3.75%2.66%1.19%18.90%15.29%20.90%5.19%-12.64%-3,154 bps
Asset Quality
Delinquent Loans / Loans0.04%0.10%1.10%1.32%2.93%0.07%7.52%1.06%-26 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.15%0.32%0.43%0.41%0.07%0.68%0.78%2.19%+178 bps
Capital
Risk-Based Capital8.87%9.22%8.98%8.53%8.54%2.32%2.03%-6.91%-1,544 bps
Net Worth / Assets8.87%9.22%8.98%8.53%8.54%2.32%2.03%-6.91%-1,544 bps
Liquidity & Funding
Loans / Shares88.51%105.44%111.96%98.77%100.90%88.31%91.10%80.57%-1,820 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps