Charlottesville, VA · Charter 6242
NCUA · 1 branch
Q3 2023
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2023, the quarter ended September 30, 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.
Charlottesville, VA · Charter 6242
NCUA · 1 branch
Q3 2023
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 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | -1.94% | -0.97% | -1.19% | -1.56% | -2.46% | -1.95% | -1.56% | -1.60% | -5 bps | |
| Return on Equity | -22.08% | -11.56% | -15.01% | -20.65% | -38.12% | -32.45% | -26.25% | -28.78% | -813 bps | |
| Net Interest Margin | 3.89% | 3.81% | 3.34% | 3.35% | 3.49% | 4.23% | 4.52% | 4.77% | +142 bps | |
| Efficiency Ratio | 118.72% | 122.49% | 126.65% | 136.33% | 137.85% | 137.00% | 129.47% | 131.07% | -526 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 2.76% | 1.29% | 2.73% | 1.78% | -1.61% | -3.53% | -8.25% | -7.03% | -882 bps | |
| Loan Growth (YoY) | -22.41% | -19.64% | -13.01% | -6.57% | 0.69% | 14.72% | 25.31% | 13.80% | +2,036 bps | |
| Share Growth (YoY) | 5.51% | 4.10% | 5.72% | 5.47% | 0.82% | -1.05% | -6.29% | -5.23% | -1,069 bps | |
| Asset Quality | ||||||||||
| Delinquent Loans / Loans | 12.91% | 7.81% | 9.14% | 4.85% | 5.11% | 3.67% | 3.72% | 3.23% | -162 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 0.72% | 0.78% | 1.07% | 1.01% | 0.00% | 0.11% | 0.13% | 0.17% | -84 bps | |
| Capital | ||||||||||
| Risk-Based Capital | 8.77% | 8.42% | 7.95% | 7.53% | 6.45% | 6.00% | 5.96% | 5.57% | -196 bps | |
| Net Worth / Assets | 8.77% | 8.42% | 7.95% | 7.53% | 6.45% | 6.00% | 5.96% | 5.57% | -196 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Shares | 51.70% | 48.06% | 46.71% | 50.69% | 51.64% | 55.72% | 62.46% | 60.86% | +1,017 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |