PackageTrendsPeer
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Virginia Trailways

Charlottesville, VA · Charter 6242

NCUA · 1 branch

Q3 2023

$2.0MAssets
$1.2MLoans
$1.9MShares
$112KNet 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 -1.60%, down 5 bps year over year; NIM at 4.77%.
  • Asset quality: problem loans at 3.23% of loans (-162 bps YoY).
  • Capital: net worth / assets of 5.57%, down 196 bps from a year ago.
  • Funding: loans stand at 60.86% of shares as of Q3 2023.

Financial Results

Return on Assets (YTD, annualized)

-1.60%-5 bps YoY

Net Interest Margin (YTD, annualized)

4.77%+142 bps YoY

Efficiency Ratio (YTD, annualized)

131.07%-526 bps YoY

Net Worth / Assets

5.57%-196 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets-1.56%-2.46%-1.95%-1.56%-1.60%-5 bps
Return on Equity-20.65%-38.12%-32.45%-26.25%-28.78%-813 bps
Net Interest Margin3.35%3.49%4.23%4.52%4.77%+142 bps
Efficiency Ratio136.33%137.85%137.00%129.47%131.07%-526 bps
Growth
Asset Growth (YoY)1.78%-1.61%-3.53%-8.25%-7.03%-882 bps
Loan Growth (YoY)-6.57%0.69%14.72%25.31%13.80%+2,036 bps
Share Growth (YoY)5.47%0.82%-1.05%-6.29%-5.23%-1,069 bps
Asset Quality
Delinquent Loans / Loans4.85%5.11%3.67%3.72%3.23%-162 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans1.01%0.00%0.11%0.13%0.17%-84 bps
Capital
Risk-Based Capital7.53%6.45%6.00%5.96%5.57%-196 bps
Net Worth / Assets7.53%6.45%6.00%5.96%5.57%-196 bps
Liquidity & Funding
Loans / Shares50.69%51.64%55.72%62.46%60.86%+1,017 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps