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Raco

South Bend, IN · Charter 6204

NCUA · 1 branch

Q4 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: Q4 2022, the quarter ended December 31, 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

Raco

South Bend, IN · Charter 6204

NCUA · 1 branch

Q4 2022

$7.0MAssets
$3.0MLoans
$6.0MShares
$1.0MNet Worth

Executive Summary

  • Earnings: ROA of -0.05%, down 25 bps year over year; NIM at 2.58%.
  • Asset quality: problem loans at 0.06% of loans (-192 bps YoY).
  • Capital: net worth / assets of 14.89%, down 11 bps from a year ago.
  • Funding: loans stand at 49.43% of shares as of Q4 2022.

Return on Assets (YTD, annualized)

-0.05%-25 bps YoY

Net Interest Margin (YTD, annualized)

2.58%+17 bps YoY

Efficiency Ratio (YTD, annualized)

100.17%+653 bps YoY

Net Worth / Assets

14.89%-11 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022YoY ΔTrend
Earnings
Return on Assets0.49%0.29%0.21%0.19%-0.22%-0.21%0.02%-0.05%-25 bps
Return on Equity3.33%1.99%1.38%1.29%-1.45%-1.33%0.15%-0.36%-165 bps
Net Interest Margin2.46%2.33%2.39%2.40%2.18%2.34%2.37%2.58%+17 bps
Efficiency Ratio83.90%89.99%93.17%93.65%107.75%106.99%99.26%100.17%+653 bps
Growth
Asset Growth (YoY)27.28%15.13%12.91%6.40%-1.12%-5.68%1.28%0.36%-603 bps
Loan Growth (YoY)4.95%2.51%-0.80%-2.83%-6.82%-3.06%3.06%1.58%+441 bps
Share Growth (YoY)32.85%17.79%15.22%7.47%-1.24%-6.41%1.68%0.50%-697 bps
Asset Quality
Delinquent Loans / Loans1.00%0.91%1.58%1.98%1.30%1.22%0.08%0.06%-192 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.97%0.97%1.00%1.00%1.10%1.09%0.41%0.01%-99 bps
Capital
Risk-Based Capital14.77%14.59%14.91%15.00%14.95%15.42%14.77%14.89%-11 bps
Net Worth / Assets14.77%14.59%14.91%15.00%14.95%15.42%14.77%14.89%-11 bps
Liquidity & Funding
Loans / Shares49.42%47.86%48.44%48.90%46.63%49.57%49.10%49.43%+53 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps