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Revere Firefighters

Revere, MA · Charter 67851

NCUA · 1 branch

Q3 2023

$6.0MAssets
$1.6MLoans
$5.3MShares
$836KNet 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 -1.93%, down 148 bps year over year; NIM at 1.72%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 13.94%, up 211 bps from a year ago.
  • Funding: loans stand at 31.00% of shares as of Q3 2023.

Financial Results

Return on Assets (YTD, annualized)

-1.93%-148 bps YoY

Net Interest Margin (YTD, annualized)

1.72%+50 bps YoY

Efficiency Ratio (YTD, annualized)

792%+65,630 bps YoY

Net Worth / Assets

13.94%+211 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets-0.45%-0.75%-0.28%-1.11%-1.93%-148 bps
Return on Equity-3.80%-5.91%-2.05%-8.15%-13.82%-1,001 bps
Net Interest Margin1.22%1.40%1.49%1.55%1.72%+50 bps
Efficiency Ratio135.79%174.16%120.01%241%792%+65,630 bps
Growth
Asset Growth (YoY)5.13%-7.66%-16.15%-20.05%-25.32%-3,045 bps
Loan Growth (YoY)-10.51%-4.70%5.92%9.14%11.68%+2,219 bps
Share Growth (YoY)7.49%-6.52%-16.53%-21.22%-26.29%-3,379 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.82%0.79%0.83%0.83%0.81%-1 bps
Capital
Risk-Based Capital11.83%12.72%13.73%13.67%13.94%+211 bps
Net Worth / Assets11.83%12.72%13.73%13.67%13.94%+211 bps
Liquidity & Funding
Loans / Shares20.46%23.65%26.80%27.45%31.00%+1,054 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps