PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Riverside Schools

Riverside, CA · Charter 62799

NCUA · 24 branches

Q3 2024

$2.6BAssets
$1.7BLoans
$2.1BShares
$256.5MNet 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 0.71%, up 13 bps year over year; NIM at 3.06%.
  • Asset quality: problem loans at 0.36% of loans (+4 bps YoY).
  • Capital: net worth / assets of 9.81%, up 50 bps from a year ago.
  • Funding: loans stand at 80.79% of shares as of Q3 2024.

Financial Results

Return on Assets (YTD, annualized)

0.71%+13 bps YoY

Net Interest Margin (YTD, annualized)

3.06%+29 bps YoY

Efficiency Ratio (YTD, annualized)

73.52%-417 bps YoY

Net Worth / Assets

9.81%+50 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets0.58%0.57%0.65%0.72%0.71%+13 bps
Return on Equity6.27%6.13%7.15%7.44%7.27%+100 bps
Net Interest Margin2.77%2.79%2.87%3.04%3.06%+29 bps
Efficiency Ratio77.69%77.58%72.41%73.44%73.52%-417 bps
Growth
Asset Growth (YoY)7.65%5.25%7.52%2.61%1.24%-641 bps
Loan Growth (YoY)14.36%14.74%13.22%10.71%4.84%-952 bps
Share Growth (YoY)-4.40%-3.60%-1.77%-0.51%1.89%+629 bps
Asset Quality
Delinquent Loans / Loans0.32%0.41%0.29%0.37%0.36%+4 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital9.31%9.36%9.12%9.67%9.81%+50 bps
Net Worth / Assets9.31%9.36%9.12%9.67%9.81%+50 bps
Liquidity & Funding
Loans / Shares78.52%81.21%79.52%80.59%80.79%+228 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps