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Bergen Division

Oradell, NJ · Charter 15139

NCUA · 2 branches

Q4 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: Q4 2023, the quarter ended December 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

Bergen Division

Oradell, NJ · Charter 15139

NCUA · 2 branches

Q4 2023

$14.0MAssets
$3.4MLoans
$12.0MShares
$2.0MNet 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 0.14%, down 18 bps year over year; NIM at 3.23%.
  • Asset quality: problem loans at 1.20% of loans (-29 bps YoY).
  • Capital: net worth / assets of 14.57%, up 65 bps from a year ago.
  • Funding: loans stand at 28.48% of shares as of Q4 2023.

Financial Results

Return on Assets (YTD, annualized)

0.14%-18 bps YoY

Net Interest Margin (YTD, annualized)

3.23%+65 bps YoY

Efficiency Ratio (YTD, annualized)

62.40%-484 bps YoY

Net Worth / Assets

14.57%+65 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets0.32%0.06%0.13%0.17%0.14%-18 bps
Return on Equity2.30%0.42%0.92%1.17%0.94%-136 bps
Net Interest Margin2.58%4.66%3.73%3.10%3.23%+65 bps
Efficiency Ratio67.24%43.74%53.90%63.15%62.40%-484 bps
Growth
Asset Growth (YoY)1.14%0.28%-2.70%-1.62%-3.52%-466 bps
Loan Growth (YoY)4.74%3.79%-2.24%-7.46%-9.96%-1,470 bps
Share Growth (YoY)1.72%-0.30%-3.73%-2.38%-3.34%-506 bps
Asset Quality
Delinquent Loans / Loans1.49%1.34%1.11%1.03%1.20%-29 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.84%0.00%4.97%4.52%5.44%+260 bps
Capital
Risk-Based Capital13.93%14.88%14.59%14.43%14.57%+65 bps
Net Worth / Assets13.93%14.88%14.59%14.43%14.57%+65 bps
Liquidity & Funding
Loans / Shares30.57%30.74%31.06%29.44%28.48%-209 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps