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United Financial Services

Scotch Plains, NJ · Charter 2192

NCUA

Q1 2016

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 2016, the quarter ended March 31, 2016, 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

United Financial Services

Scotch Plains, NJ · Charter 2192

NCUA

Q1 2016

$20.1MAssets
$6.8MLoans
$17.4MShares
$2.7MNet Worth

Executive Summary

  • Earnings: ROA of -1.35%, down 86 bps year over year; NIM at 2.21%.
  • Asset quality: problem loans at 0.86% of loans (-156 bps YoY).
  • Capital: net worth / assets of 13.27%, down 108 bps from a year ago.
  • Funding: loans stand at 38.95% of shares as of Q1 2016.

Return on Assets (YTD, annualized)

-1.35%-86 bps YoY

Net Interest Margin (YTD, annualized)

2.21%-21 bps YoY

Efficiency Ratio (YTD, annualized)

145.31%+2,698 bps YoY

Net Worth / Assets

13.27%-108 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016YoY ΔTrend
Earnings
Return on Assets-0.09%-0.15%-0.15%-0.48%-0.49%-0.46%-0.57%-1.35%-86 bps
Return on Equity-0.60%-1.04%-1.02%-3.36%-3.44%-3.22%-4.15%-10.14%-679 bps
Net Interest Margin2.53%2.54%2.54%2.42%2.35%2.34%2.25%2.21%-21 bps
Efficiency Ratio102.04%102.68%103.57%118.33%116.35%116.50%119.01%145.31%+2,698 bps
Growth
Asset Growth (YoY)-3.52%-5.07%-5.32%-5.29%-2.80%-1.76%1.87%2.15%+744 bps
Loan Growth (YoY)13.33%11.61%-2.77%-4.49%-6.17%-11.00%-9.49%-11.58%-708 bps
Share Growth (YoY)-4.38%-5.69%-5.96%-5.77%-2.74%-1.58%2.90%3.48%+925 bps
Asset Quality
Delinquent Loans / Loans2.26%2.49%2.91%2.41%2.61%1.10%0.81%0.86%-156 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.66%0.66%0.67%0.51%0.44%0.42%0.47%0.54%+4 bps
Capital
Risk-Based Capital14.21%14.37%14.48%14.36%14.27%14.24%13.65%13.27%-108 bps
Net Worth / Assets14.21%14.37%14.48%14.36%14.27%14.24%13.65%13.27%-108 bps
Liquidity & Funding
Loans / Shares44.97%45.67%45.79%45.58%43.38%41.30%40.27%38.95%-663 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps