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Spruance Cellophane Employee's

Richmond, VA · Charter 60012

NCUA · 1 branch

Q1 2018

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 2018, the quarter ended March 31, 2018, 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

Spruance Cellophane Employee's

Richmond, VA · Charter 60012

NCUA · 1 branch

Q1 2018

$5.7MAssets
$2.4MLoans
$5.4MShares
$280KNet 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 -2.05%, down 11 bps year over year; NIM at 3.39%.
  • Asset quality: problem loans at 0.65% of loans (+52 bps YoY).
  • Capital: net worth / assets of 4.89%, down 179 bps from a year ago.
  • Funding: loans stand at 44.40% of shares as of Q1 2018.

Financial Results

Return on Assets (YTD, annualized)

-2.05%-11 bps YoY

Net Interest Margin (YTD, annualized)

3.39%+11 bps YoY

Efficiency Ratio (YTD, annualized)

155.19%+443 bps YoY

Net Worth / Assets

4.89%-179 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018YoY ΔTrend
Earnings
Return on Assets-1.94%-2.15%-2.00%-2.01%-2.05%-11 bps
Return on Equity-29.03%-34.32%-32.93%-35.72%-41.98%-1,295 bps
Net Interest Margin3.27%3.28%3.50%3.57%3.39%+11 bps
Efficiency Ratio150.76%152.56%147.78%147.82%155.19%+443 bps
Growth
Asset Growth (YoY)-2.75%-1.08%-2.15%-4.65%-2.35%+40 bps
Loan Growth (YoY)-8.91%-4.98%-6.96%-5.85%-6.03%+288 bps
Share Growth (YoY)-1.18%0.91%-0.17%-2.94%-0.47%+72 bps
Asset Quality
Delinquent Loans / Loans0.13%0.00%0.50%0.57%0.65%+52 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.08%0.14%0.15%0.15%0.18%+10 bps
Capital
Risk-Based Capital6.68%6.26%6.07%5.63%4.89%-179 bps
Net Worth / Assets6.68%6.26%6.07%5.63%4.89%-179 bps
Liquidity & Funding
Loans / Shares47.03%48.43%48.97%48.27%44.40%-263 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps