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The Nansemond Credit Union Inc.

Suffolk, VA · Charter 66935

Q3 2006

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: Q3 2006, the quarter ended September 30, 2006, 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

The Nansemond Credit Union Inc.

Suffolk, VA · Charter 66935

Q3 2006

$2.0MAssets
$1.2MLoans
$2.0MShares
$33KNet 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 -6.10%, down 488 bps year over year; NIM at 8.11%.
  • Asset quality: problem loans at 9.95% of loans (+149 bps YoY).
  • Capital: net worth / assets of 1.62%, down 482 bps from a year ago.
  • Funding: loans stand at 60.41% of shares as of Q3 2006.

Financial Results

Return on Assets (YTD, annualized)

-6.10%-488 bps YoY

Net Interest Margin (YTD, annualized)

8.11%+123 bps YoY

Efficiency Ratio (YTD, annualized)

90.61%+825 bps YoY

Net Worth / Assets

1.62%-482 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets-1.22%-3.14%-1.80%-4.72%-6.10%-488 bps
Return on Equity-18.98%-45.03%-36.16%-140.81%-377%-35,781 bps
Net Interest Margin6.88%7.30%6.79%7.39%8.11%+123 bps
Efficiency Ratio82.36%78.26%111.82%101.74%90.61%+825 bps
Growth
Asset Growth (YoY)-8.74%-4.54%-19.17%-22.24%-28.94%-2,020 bps
Loan Growth (YoY)-26.41%-25.04%-25.53%-32.24%-31.17%-476 bps
Share Growth (YoY)-6.51%-4.37%-15.46%-17.77%-24.42%-1,792 bps
Asset Quality
Delinquent Loans / Loans8.45%5.70%5.53%12.70%9.95%+149 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans5.51%4.59%5.34%7.10%9.13%+362 bps
Capital
Risk-Based Capital6.44%6.97%4.98%3.35%1.62%-482 bps
Net Worth / Assets6.44%6.97%4.98%3.35%1.62%-482 bps
Liquidity & Funding
Loans / Shares66.34%66.60%69.39%61.58%60.41%-592 bps
Liquid Assets / Assets37.12%37.35%23.56%0.00%0.00%-3,712 bps