PackageTrendsPeer
Letter portraitLegal landscape

R Csse

Redwood City, CA · Charter 7617

NCUA · 1 branch

Q1 2023

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: 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.

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

R Csse

Redwood City, CA · Charter 7617

NCUA · 1 branch

Q1 2023

$42.9MAssets
$23.8MLoans
$38.8MShares
$4.3MNet Worth

Executive Summary

  • Earnings: ROA of -0.58%, down 54 bps year over year; NIM at 3.14%.
  • Asset quality: problem loans at 0.05% of loans (-15 bps YoY).
  • Capital: net worth / assets of 9.98%, up 36 bps from a year ago.
  • Funding: loans stand at 61.48% of shares as of Q1 2023.

Return on Assets (YTD, annualized)

-0.58%-54 bps YoY

Net Interest Margin (YTD, annualized)

3.14%+83 bps YoY

Efficiency Ratio (YTD, annualized)

64.83%-3,658 bps YoY

Net Worth / Assets

9.98%+36 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023YoY ΔTrend
Earnings
Return on Assets0.11%0.16%0.17%-0.04%-0.03%0.16%0.27%-0.58%-54 bps
Return on Equity1.17%1.72%1.81%-0.44%-0.33%1.68%2.84%-5.82%-538 bps
Net Interest Margin2.42%2.37%2.34%2.31%2.35%2.44%2.58%3.14%+83 bps
Efficiency Ratio97.66%96.12%95.64%101.41%97.83%92.30%88.86%64.83%-3,658 bps
Growth
Asset Growth (YoY)13.34%16.62%14.10%3.82%4.81%1.07%2.13%2.78%-105 bps
Loan Growth (YoY)9.25%7.43%4.86%3.21%4.17%7.34%12.46%16.85%+1,364 bps
Share Growth (YoY)15.36%19.05%16.12%4.81%6.17%2.04%2.92%2.91%-190 bps
Asset Quality
Delinquent Loans / Loans0.05%0.02%0.14%0.19%0.07%0.22%0.11%0.05%-15 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.18%0.17%0.14%0.11%0.16%0.17%0.22%0.00%-11 bps
Capital
Risk-Based Capital9.78%9.34%9.49%9.61%9.43%9.41%9.56%9.98%+36 bps
Net Worth / Assets9.78%9.34%9.49%9.61%9.43%9.41%9.56%9.98%+36 bps
Liquidity & Funding
Loans / Shares57.08%52.58%53.29%54.15%56.01%55.31%58.23%61.48%+733 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps