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Bridgewater

Bridgewater, MA · Charter 67984

NCUA · 5 branches

Q4 2018

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 2018, the quarter ended December 31, 2018, 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

Bridgewater

Bridgewater, MA · Charter 67984

NCUA · 5 branches

Q4 2018

$378.9MAssets
$272.3MLoans
$309.9MShares
$36.3MNet Worth

Executive Summary

  • Earnings: ROA of 0.10%, unchanged from a year ago; NIM at 2.37%.
  • Asset quality: problem loans at 0.31% of loans (+3 bps YoY).
  • Capital: net worth / assets of 9.59%, down 49 bps from a year ago.
  • Funding: loans stand at 87.86% of shares as of Q4 2018.

Return on Assets (YTD, annualized)

0.10%0 bps YoY

Net Interest Margin (YTD, annualized)

2.37%+2 bps YoY

Efficiency Ratio (YTD, annualized)

94.90%+57 bps YoY

Net Worth / Assets

9.59%-49 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018Q2 2018Q3 2018Q4 2018YoY ΔTrend
Earnings
Return on Assets0.01%0.04%0.06%0.09%0.09%0.13%0.11%0.10%0 bps
Return on Equity0.12%0.40%0.62%0.93%0.94%1.35%1.14%1.02%+9 bps
Net Interest Margin2.29%2.30%2.30%2.35%2.38%2.34%2.35%2.37%+2 bps
Efficiency Ratio96.44%96.46%96.14%94.33%95.47%93.38%94.42%94.90%+57 bps
Growth
Asset Growth (YoY)4.65%1.69%4.85%3.09%3.90%7.34%5.76%6.15%+307 bps
Loan Growth (YoY)2.15%-0.95%-3.67%-2.98%3.10%5.31%6.29%7.77%+1,075 bps
Share Growth (YoY)4.63%7.08%6.17%4.10%3.27%4.15%5.75%7.54%+344 bps
Asset Quality
Delinquent Loans / Loans0.42%0.60%0.39%0.28%0.28%0.20%0.34%0.31%+3 bps
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loans0.35%0.36%0.35%0.41%0.39%0.38%0.40%0.41%0 bps
Capital
Risk-Based Capital10.04%10.03%9.96%10.08%9.77%9.47%9.54%9.59%-49 bps
Net Worth / Assets10.04%10.03%9.96%10.08%9.77%9.47%9.54%9.59%-49 bps
Liquidity & Funding
Loans / Shares89.45%89.04%88.59%87.67%89.30%90.03%89.05%87.86%+19 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps