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Petersburg Fed Ref Credit Union Inc.

Petersburg, VA · Charter 66896

NCUA · 1 branch

Q2 2023

$3.3MAssets
$2.3MLoans
$2.2MShares
$1.1MNet Worth

Executive Summary

  • Earnings: ROA of -0.51%, down 33 bps year over year; NIM at 3.54%.
  • Asset quality: problem loans at 0.00% of loans (-129 bps YoY).
  • Capital: net worth / assets of 32.18%, up 729 bps from a year ago.
  • Funding: loans stand at 102.59% of shares as of Q2 2023.

Return on Assets (YTD, annualized)

-0.51%-33 bps YoY

Net Interest Margin (YTD, annualized)

3.54%+152 bps YoY

Efficiency Ratio (YTD, annualized)

106.15%-156 bps YoY

Net Worth / Assets

32.18%+729 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023YoY ΔTrend
Earnings
Return on Assets0.27%0.23%-0.40%-0.18%-0.11%0.01%-1.00%-0.51%-33 bps
Return on Equity1.03%0.92%-1.61%-0.72%-0.41%0.03%-3.49%-1.59%-88 bps
Net Interest Margin2.07%2.04%1.91%2.03%2.30%2.52%2.86%3.54%+152 bps
Efficiency Ratio103.26%91.77%119.76%107.71%104.31%99.65%128.31%106.15%-156 bps
Growth
Asset Growth (YoY)1.66%4.89%4.40%2.98%-5.93%-11.92%-14.16%-22.95%-2,593 bps
Loan Growth (YoY)6.72%4.82%-0.52%0.69%-2.37%3.58%4.69%7.84%+715 bps
Share Growth (YoY)1.80%6.67%6.20%4.44%-7.61%-15.88%-18.64%-30.43%-3,487 bps
Asset Quality
Delinquent Loans / Loans0.00%0.16%0.00%1.29%0.03%0.12%0.13%0.00%-129 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.38%0.84%0.86%0.92%0.92%0.88%0.00%0.00%-92 bps
Capital
Risk-Based Capital25.84%24.91%24.64%24.90%27.43%28.29%28.58%32.18%+729 bps
Net Worth / Assets25.84%24.91%24.64%24.90%27.43%28.29%28.58%32.18%+729 bps
Liquidity & Funding
Loans / Shares72.20%68.68%66.00%66.18%76.30%84.58%84.92%102.59%+3,641 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps