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Prime Care Incorporated

Norfolk, VA · Charter 61576

NCUA · 3 branches

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 2026-10-10

Prime Care Incorporated

Norfolk, VA · Charter 61576

NCUA · 3 branches

Q1 2023

$24.3MAssets
$6.2MLoans
$21.4MShares
$2.9MNet 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 0.46%, up 87 bps year over year; NIM at 2.64%.
  • Asset quality: problem loans at 0.02% of loans (-126 bps YoY).
  • Capital: net worth / assets of 11.86%, up 105 bps from a year ago.
  • Funding: loans stand at 29.11% of shares as of Q1 2023.

Financial Results

Return on Assets (YTD, annualized)

0.46%+87 bps YoY

Net Interest Margin (YTD, annualized)

2.64%+141 bps YoY

Efficiency Ratio (YTD, annualized)

86.35%-2,790 bps YoY

Net Worth / Assets

11.86%+105 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2022Q2 2022Q3 2022Q4 2022Q1 2023YoY ΔTrend
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 Margin1.23%1.71%1.47%1.82%2.64%+141 bps
Efficiency Ratio114.25%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 / Loans1.28%1.12%0.03%0.07%0.02%-126 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.25%1.48%0.39%0.48%0.48%+23 bps
Capital
Risk-Based Capital10.80%10.97%10.75%11.64%11.86%+105 bps
Net Worth / Assets10.80%10.97%10.75%11.64%11.86%+105 bps
Liquidity & Funding
Loans / Shares26.52%27.75%26.42%28.49%29.11%+259 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps