Institution Statistics
| 1ST BERGEN | | NCUA # | 24810 | | BankRate Report | View | | Year Chartered | 2009 | | Employees | 1 | | Primary Regulator | |
Assets and Liabilities | | Assets | $1.40 million | | Loans | $845,000 | | Deposits | $1.30 million | | Equity Capital | $98,000 | | Loan Loss Allowance | $21,000 | | Unbacked Noncurrent Loans | $39,000 |
Historic Data - December 2010 | | Assets | $1.17 million | | Equity Capital | $84,000 | | Loan Loss Allowance | $10,000 |
Profit Margin - Quarterly | | Net Interest Margin | 6.78% | | Return on Assets | 1% | | Return on Equity | 14.29% | | Interest Income | $68,000 | | Non-Interest Income | $139,000 |
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Institution Health
Overall Score:
3 out of 5 
| Texas Ratio |  | | The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 1St Bergen Credit Union had $39,000 in non-current loans and owned real-estate with $119,000 in equity and loan loss allowances on hand to cover it. This gives 1St Bergen Credit Union a Texas Ratio of 32.77% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth |  | | In the past year, 1St Bergen Credit Union has increased its total deposits by $216,000, resulting in 19.89% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 1St Bergen Credit Union has shown is excellent. | | Capitalization |  | | Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 1St Bergen Credit Union has $1.4 million in assets with $119,000 in equity, resulting in a capitalization level of 8.50%, which is average. |
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