Norfolk, VA · Charter 61576
NCUA · 3 branches
Q1 2023
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Norfolk, VA · Charter 61576
NCUA · 3 branches
Q1 2023
NIM decomposition not available for credit unions
Non-interest trend not available for credit unions
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | -0.41% | -0.46% | -0.42% | -0.06% | 0.46% | +87 bps | |
| Return on Equity | -3.76% | -4.19% | -3.94% | -0.52% | 3.91% | +766 bps | |
| Net Interest Margin | 1.23% | 1.71% | 1.47% | 1.82% | 2.64% | +141 bps | |
| Efficiency Ratio | 114.25% | 94.81% | 100.55% | 90.77% | 86.35% | -2,790 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 6.39% | 2.22% | 2.58% | -1.47% | -7.02% | -1,341 bps | |
| Loan Growth (YoY) | -6.57% | -11.04% | -10.67% | -8.06% | 1.12% | +770 bps | |
| Share Growth (YoY) | 7.13% | 2.76% | 3.01% | -1.78% | -7.87% | -1,501 bps | |
| Asset Quality | |||||||
| Delinquent Loans / Loans | 1.28% | 1.12% | 0.03% | 0.07% | 0.02% | -126 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 0.25% | 1.48% | 0.39% | 0.48% | 0.48% | +23 bps | |
| Capital | |||||||
| Risk-Based Capital | 10.80% | 10.97% | 10.75% | 11.64% | 11.86% | +105 bps | |
| Net Worth / Assets | 10.80% | 10.97% | 10.75% | 11.64% | 11.86% | +105 bps | |
| Liquidity & Funding | |||||||
| Loans / Shares | 26.52% | 27.75% | 26.42% | 28.49% | 29.11% | +259 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |