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TBC

Richmond, VA · Charter 24616

NCUA · 2 branches

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

TBC

Richmond, VA · Charter 24616

NCUA · 2 branches

Q3 2022

$117KAssets
$19KLoans
$93KShares
$24KNet 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 0.86%, up 82 bps year over year; NIM at 2.88%.
  • Asset quality: problem loans at 0.00% of loans (-1,111 bps YoY).
  • Capital: net worth / assets of 20.61%, up 613 bps from a year ago.
  • Funding: loans stand at 20.08% of shares as of Q3 2022.

Financial Results

Return on Assets (YTD, annualized)

0.86%+82 bps YoY

Net Interest Margin (YTD, annualized)

2.88%+48 bps YoY

Efficiency Ratio (YTD, annualized)

75.48%+244 bps YoY

Net Worth / Assets

20.61%+613 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets0.04%1.19%0.22%0.94%0.86%+82 bps
Return on Equity0.28%7.52%1.15%4.75%4.17%+389 bps
Net Interest Margin2.40%2.80%2.53%2.67%2.88%+48 bps
Efficiency Ratio73.05%72.50%91.85%73.01%75.48%+244 bps
Growth
Asset Growth (YoY)2.87%4.71%-14.67%-19.25%-21.76%-2,463 bps
Loan Growth (YoY)-19.69%-24.55%-26.08%-22.01%-38.84%-1,915 bps
Share Growth (YoY)3.37%4.10%-18.99%-24.76%-27.37%-3,074 bps
Asset Quality
Delinquent Loans / Loans11.11%0.00%0.00%0.00%0.00%-1,111 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans9.56%6.49%7.68%7.37%8.60%-96 bps
Capital
Risk-Based Capital14.48%15.80%19.16%19.86%20.61%+613 bps
Net Worth / Assets14.48%15.80%19.16%19.86%20.61%+613 bps
Liquidity & Funding
Loans / Shares23.85%19.86%21.13%22.56%20.08%-377 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps