PackageTrendsPeer
Letter portraitLegal landscape

Essex County NJ Employees

Newark, NJ · Charter 112

NCUA · 1 branch

Q2 2021

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: Q2 2021, the quarter ended June 30, 2021, 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

Essex County NJ Employees

Newark, NJ · Charter 112

NCUA · 1 branch

Q2 2021

$8.1MAssets
$2.1MLoans
$7.8MShares
$194KNet 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 -11.11%, down 991 bps year over year; NIM at 3.13%.
  • Asset quality: problem loans at 0.54% of loans (-169 bps YoY).
  • Capital: net worth / assets of 2.40%, down 654 bps from a year ago.
  • Funding: loans stand at 26.18% of shares as of Q2 2021.

Financial Results

Return on Assets (YTD, annualized)

-11.11%-991 bps YoY

Net Interest Margin (YTD, annualized)

3.13%-61 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

2.40%-654 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2020Q3 2020Q4 2020Q1 2021Q2 2021YoY ΔTrend
Earnings
Return on Assets-1.20%-1.19%-1.40%-4.36%-11.11%-991 bps
Return on Equity-13.41%-13.65%-16.65%-65.16%-462%-44,871 bps
Net Interest Margin3.74%3.62%3.63%3.10%3.13%-61 bps
Efficiency Ratio130.55%130.73%130.41%237%n/an/a
Growth
Asset Growth (YoY)9.62%14.78%17.43%22.35%2.76%-687 bps
Loan Growth (YoY)-22.23%-13.43%-10.59%-16.86%0.44%+2,266 bps
Share Growth (YoY)11.61%17.98%21.50%28.56%10.38%-124 bps
Asset Quality
Delinquent Loans / Loans2.23%1.66%9.00%5.21%0.54%-169 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.68%0.64%0.75%0.83%1.24%+55 bps
Capital
Risk-Based Capital8.94%8.70%8.39%6.69%2.40%-654 bps
Net Worth / Assets8.94%8.70%8.39%6.69%2.40%-654 bps
Liquidity & Funding
Loans / Shares28.77%31.03%30.83%25.07%26.18%-259 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps