PackageTrendsPeer
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C O

Charleston, SC · Charter 17655

NCUA · 1 branch

Q2 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: Q2 2021, the quarter ended June 30, 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 2026-10-11

C O

Charleston, SC · Charter 17655

NCUA · 1 branch

Q2 2021

$2.4MAssets
$1.2MLoans
$2.8MShares
$-386KNet 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 -36.92%, down 3,596 bps year over year; NIM at 5.68%.
  • Asset quality: problem loans at 25.17% of loans (+1,939 bps YoY).
  • Capital: net worth / assets of -15.98%, down 2,341 bps from a year ago.
  • Funding: loans stand at 44.67% of shares as of Q2 2021.

Financial Results

Return on Assets (YTD, annualized)

-36.92%-3,596 bps YoY

Net Interest Margin (YTD, annualized)

5.68%+258 bps YoY

Efficiency Ratio (YTD, annualized)

36.49%-4,516 bps YoY

Net Worth / Assets

-15.98%-2,341 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2020Q3 2020Q4 2020Q1 2021Q2 2021YoY ΔTrend
Earnings
Return on Assets-0.96%-1.12%-11.29%-94.44%-36.92%-3,596 bps
Return on Equity-12.90%-10.47%-764%n/an/an/a
Net Interest Margin3.10%4.25%4.65%5.21%5.68%+258 bps
Efficiency Ratio81.65%90.98%136.80%143.27%36.49%-4,516 bps
Growth
Asset Growth (YoY)17.64%-7.33%-34.04%-47.11%-63.07%-8,071 bps
Loan Growth (YoY)119.76%12.09%-7.98%-40.50%-60.85%-18,061 bps
Share Growth (YoY)18.44%-7.39%-29.04%-29.97%-53.78%-7,222 bps
Asset Quality
Delinquent Loans / Loans5.78%5.32%39.55%13.91%25.17%+1,939 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans2.03%2.09%13.35%11.45%10.64%+861 bps
Capital
Risk-Based Capital7.43%10.68%1.48%-21.70%-15.98%-2,341 bps
Net Worth / Assets7.43%10.68%1.48%-21.70%-15.98%-2,341 bps
Liquidity & Funding
Loans / Shares52.74%77.32%69.78%49.61%44.67%-807 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps