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Providence Postal

Providence, RI · Charter 24528

NCUA · 2 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

Providence Postal

Providence, RI · Charter 24528

NCUA · 2 branches

Q3 2023

$52.2MAssets
$28.1MLoans
$47.0MShares
$4.1MNet Worth

Executive Summary

  • Earnings: ROA of -5.59%, down 606 bps year over year; NIM at 0.11%.
  • Asset quality: problem loans at 0.88% of loans (-6 bps YoY).
  • Capital: net worth / assets of 7.87%, down 381 bps from a year ago.
  • Funding: loans stand at 59.70% of shares as of Q3 2023.

Return on Assets (YTD, annualized)

-5.59%-606 bps YoY

Net Interest Margin (YTD, annualized)

0.11%-236 bps YoY

Efficiency Ratio (YTD, annualized)

648%+56,337 bps YoY

Net Worth / Assets

7.87%-381 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets1.10%0.57%0.29%0.47%0.79%1.29%1.33%-5.59%-606 bps
Return on Equity9.63%5.27%2.56%4.06%6.39%10.46%10.41%-71.00%-7,506 bps
Net Interest Margin2.43%2.08%2.24%2.47%2.70%3.40%3.53%0.11%-236 bps
Efficiency Ratio73.18%79.64%87.95%84.54%80.54%70.75%70.34%648%+56,337 bps
Growth
Asset Growth (YoY)8.62%7.65%1.78%-0.81%-1.31%-5.03%-1.34%0.29%+111 bps
Loan Growth (YoY)-4.16%-3.76%-4.77%-2.72%-2.65%-1.21%-1.85%-3.54%-82 bps
Share Growth (YoY)8.28%7.24%1.14%-1.66%-2.32%-6.45%-2.81%2.55%+420 bps
Asset Quality
Delinquent Loans / Loans0.66%0.62%0.93%0.94%0.42%0.45%0.44%0.88%-6 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.17%0.22%0.27%0.33%0.13%0.00%0.00%0.00%-33 bps
Capital
Risk-Based Capital11.40%10.86%11.33%11.68%12.34%12.38%12.78%7.87%-381 bps
Net Worth / Assets11.40%10.86%11.33%11.68%12.34%12.38%12.78%7.87%-381 bps
Liquidity & Funding
Loans / Shares64.00%58.31%61.88%63.47%63.78%61.58%62.49%59.70%-377 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps