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Plainfield

Plainfield, NJ · Charter 66188

NCUA · 1 branch

Q1 2024

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 2024, the quarter ended March 31, 2024, 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 2026-10-10

Plainfield

Plainfield, NJ · Charter 66188

NCUA · 1 branch

Q1 2024

$707KAssets
$81KLoans
$440KShares
$242KNet Worth

Executive Summary

  • Earnings: ROA of -1.83%, down 202 bps year over year; NIM at 4.22%.
  • Asset quality: problem loans at 31.41% of loans (+3,141 bps YoY).
  • Capital: net worth / assets of 34.22%, up 1,642 bps from a year ago.
  • Funding: loans stand at 18.30% of shares as of Q1 2024.

Return on Assets (YTD, annualized)

-1.83%-202 bps YoY

Net Interest Margin (YTD, annualized)

4.22%+226 bps YoY

Efficiency Ratio (YTD, annualized)

143.35%+5,282 bps YoY

Net Worth / Assets

34.22%+1,642 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets-0.42%0.89%0.62%0.19%0.15%-1.21%-2.21%-1.83%-202 bps
Return on Equity-2.41%4.77%3.42%1.04%0.70%-4.35%-7.78%-5.35%-640 bps
Net Interest Margin1.58%2.56%2.24%1.96%4.65%3.67%3.28%4.22%+226 bps
Efficiency Ratio126.74%65.20%72.19%90.53%96.75%132.35%166.36%143.35%+5,282 bps
Growth
Asset Growth (YoY)5.26%0.00%0.00%0.00%-24.18%-35.22%-39.66%-51.70%-5,170 bps
Loan Growth (YoY)-10.02%0.00%0.00%0.00%-4.92%-35.95%-46.16%-50.09%-5,009 bps
Share Growth (YoY)6.49%0.00%0.00%0.00%-28.65%-42.30%-47.06%-63.32%-6,332 bps
Asset Quality
Delinquent Loans / Loans0.00%2.25%4.76%0.00%5.34%26.57%22.12%31.41%+3,141 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans6.76%3.33%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Capital
Risk-Based Capital17.49%18.67%18.20%17.80%21.87%27.78%28.45%34.22%+1,642 bps
Net Worth / Assets17.49%18.67%18.20%17.80%21.87%27.78%28.45%34.22%+1,642 bps
Liquidity & Funding
Loans / Shares13.43%15.39%14.91%13.45%17.90%17.08%15.17%18.30%+485 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps