Redwood City, CA · Charter 7617
NCUA · 1 branch
Q1 2023
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2023, the quarter ended March 31, 2023, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Redwood City, CA · Charter 7617
NCUA · 1 branch
Q1 2023
NIM decomposition not available for credit unions
Non-interest trend not available for credit unions
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Net Worth / Assets
Year to date, annualized, through each quarter.
| Metric | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | -0.04% | -0.03% | 0.16% | 0.27% | -0.58% | -54 bps | |
| Return on Equity | -0.44% | -0.33% | 1.68% | 2.84% | -5.82% | -538 bps | |
| Net Interest Margin | 2.31% | 2.35% | 2.44% | 2.58% | 3.14% | +83 bps | |
| Efficiency Ratio | 101.41% | 97.83% | 92.30% | 88.86% | 64.83% | -3,658 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 3.82% | 4.81% | 1.07% | 2.13% | 2.78% | -105 bps | |
| Loan Growth (YoY) | 3.21% | 4.17% | 7.34% | 12.46% | 16.85% | +1,364 bps | |
| Share Growth (YoY) | 4.81% | 6.17% | 2.04% | 2.92% | 2.91% | -190 bps | |
| Asset Quality | |||||||
| Delinquent Loans / Loans | 0.19% | 0.07% | 0.22% | 0.11% | 0.05% | -15 bps | |
| Net Charge-Offs / Loans | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Allowance / Loans | 0.11% | 0.16% | 0.17% | 0.22% | 0.00% | -11 bps | |
| Capital | |||||||
| Risk-Based Capital | 9.61% | 9.43% | 9.41% | 9.56% | 9.98% | +36 bps | |
| Net Worth / Assets | 9.61% | 9.43% | 9.41% | 9.56% | 9.98% | +36 bps | |
| Liquidity & Funding | |||||||
| Loans / Shares | 54.15% | 56.01% | 55.31% | 58.23% | 61.48% | +733 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |