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V A R O No. 319

Columbia, SC · Charter 5467

Q1 2014

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 2014, the quarter ended March 31, 2014, 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

V A R O No. 319

Columbia, SC · Charter 5467

Q1 2014

$1.1MAssets
$828KLoans
$925KShares
$189KNet 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 -11.01%, down 1,270 bps year over year; NIM at 4.65%.
  • Asset quality: problem loans at 10.32% of loans (+986 bps YoY).
  • Capital: net worth / assets of 16.94%, up 54 bps from a year ago.
  • Funding: loans stand at 89.44% of shares as of Q1 2014.

Financial Results

Return on Assets (YTD, annualized)

-11.01%-1,270 bps YoY

Net Interest Margin (YTD, annualized)

4.65%+41 bps YoY

Efficiency Ratio (YTD, annualized)

121.02%+6,041 bps YoY

Net Worth / Assets

16.94%+54 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets1.70%-0.95%-1.17%-1.37%-11.01%-1,270 bps
Return on Equity10.34%-5.30%-6.92%-8.08%-65.01%-7,535 bps
Net Interest Margin4.24%4.73%4.39%4.67%4.65%+41 bps
Efficiency Ratio60.61%92.63%107.34%105.66%121.02%+6,041 bps
Growth
Asset Growth (YoY)-4.18%-14.32%-11.17%-11.71%-24.96%-2,078 bps
Loan Growth (YoY)9.94%10.94%-8.08%-20.61%-21.56%-3,149 bps
Share Growth (YoY)-6.12%-17.12%-15.44%-12.37%-25.33%-1,921 bps
Asset Quality
Delinquent Loans / Loans0.47%7.78%14.53%2.49%10.32%+986 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loans0.29%1.13%1.18%1.95%5.51%+522 bps
Capital
Risk-Based Capital16.39%18.00%16.98%16.99%16.94%+54 bps
Net Worth / Assets16.39%18.00%16.98%16.99%16.94%+54 bps
Liquidity & Funding
Loans / Shares85.14%97.17%90.05%84.15%89.44%+430 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps