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Salem Baptist

Jersey City, NJ · Charter 15154

NCUA · 1 branch

Q3 2019

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: Q3 2019, the quarter ended September 30, 2019, 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

Salem Baptist

Jersey City, NJ · Charter 15154

NCUA · 1 branch

Q3 2019

$142KAssets
$1KLoans
$113KShares
$28KNet Worth

Executive Summary

  • Earnings: ROA of -2.47%, down 194 bps year over year; NIM at 0.68%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY).
  • Capital: net worth / assets of 19.55%, down 204 bps from a year ago.
  • Funding: loans stand at 0.95% of shares as of Q3 2019.

Return on Assets (YTD, annualized)

-2.47%-194 bps YoY

Net Interest Margin (YTD, annualized)

0.68%-47 bps YoY

Efficiency Ratio (YTD, annualized)

446%+31,897 bps YoY

Net Worth / Assets

19.55%-204 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2017Q1 2018Q2 2018Q3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets-0.61%0.79%-0.40%-0.53%-0.81%-2.10%-2.63%-2.47%-194 bps
Return on Equity-2.83%3.68%-1.86%-2.46%-3.77%-10.07%-13.10%-12.66%-1,020 bps
Net Interest Margin1.04%1.09%1.13%1.15%1.11%0.90%0.77%0.68%-47 bps
Efficiency Ratio119.75%74.25%118.20%126.83%146.38%334%429%446%+31,897 bps
Growth
Asset Growth (YoY)-7.00%-5.83%-7.30%-6.36%-2.86%-3.68%-1.81%-1.07%+529 bps
Loan Growth (YoY)31.00%-11.55%-22.78%-48.89%-59.53%-70.41%-88.02%-88.28%-3,939 bps
Share Growth (YoY)-6.46%-5.96%-7.87%-7.38%-2.67%-2.83%0.09%1.52%+890 bps
Asset Quality
Delinquent Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans3.85%5.17%4.79%6.37%9.51%17.46%39.97%54.34%+4,797 bps
Capital
Risk-Based Capital21.60%21.54%21.58%21.59%21.43%20.83%20.06%19.55%-204 bps
Net Worth / Assets21.60%21.54%21.58%21.59%21.43%20.83%20.06%19.55%-204 bps
Liquidity & Funding
Loans / Shares13.31%9.79%10.78%8.19%5.53%2.98%1.29%0.95%-724 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps