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Bowater Carolina

Catawbe, SC · Charter 13573

NCUA · 7 branches

Q4 2021

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 2021, the quarter ended December 31, 2021, 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

Bowater Carolina

Catawbe, SC · Charter 13573

NCUA · 7 branches

Q4 2021

$186.5MAssets
$104.1MLoans
$171.3MShares
$12.4MNet 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 -3.09%, down 321 bps year over year; NIM at 2.53%.
  • Asset quality: problem loans at 0.46% of loans (+15 bps YoY).
  • Capital: net worth / assets of 6.64%, down 314 bps from a year ago.
  • Funding: loans stand at 60.76% of shares as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

-3.09%-321 bps YoY

Net Interest Margin (YTD, annualized)

2.53%-8 bps YoY

Efficiency Ratio (YTD, annualized)

170.45%+7,686 bps YoY

Net Worth / Assets

6.64%-314 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets0.12%0.24%-0.70%-0.85%-3.09%-321 bps
Return on Equity1.20%2.61%-7.86%-9.60%-46.58%-4,777 bps
Net Interest Margin2.61%2.44%2.45%2.48%2.53%-8 bps
Efficiency Ratio93.59%92.55%117.58%119.46%170.45%+7,686 bps
Growth
Asset Growth (YoY)16.04%19.47%8.14%5.64%0.52%-1,551 bps
Loan Growth (YoY)0.00%2.56%2.78%2.53%-5.51%-551 bps
Share Growth (YoY)16.50%19.95%8.75%5.91%2.56%-1,394 bps
Asset Quality
Delinquent Loans / Loans0.31%0.20%0.25%0.26%0.46%+15 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.45%0.46%0.42%0.37%0.30%-15 bps
Capital
Risk-Based Capital9.78%9.25%8.94%8.82%6.64%-314 bps
Net Worth / Assets9.78%9.25%8.94%8.82%6.64%-314 bps
Liquidity & Funding
Loans / Shares65.95%60.57%60.95%62.31%60.76%-519 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps