2023-11-02T12:15:00-05:00 2022-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2022-01-01 560340440 NORTH CAROLINA BANKERS ASSOCIATION NORT 9197817979 3601 HAWORTH DRIVE RALEIGH NC 27609 DIANE BALDWIN VICE PRESIDENT, CONTROLLER 9197817979 2023-11-02 1 DIANE BALDWIN 999009999 0 J CALVIN MARKS P01226973 9197196400 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z PETER GWALTNEY 3601 HAWORTH DRIVE RALEIGH NC 27609 2529884 0 X WWW.NCBA.COM X 1897 NC TO OFFER EDUCATION AND SERVICES TO THE FINANCIAL INSTITUTIONS OF NORTH CAROLINA. 15 14 13 20 74907 70597 0 0 1929885 2164675 497176 257430 1679853 84935 4106914 2507040 0 302 0 0 1657921 2146595 0 0 0 1168553 1386442 2826474 3533339 1280440 -1026299 20486401 20104520 422742 549897 20063659 19554623 THE MISSION OF THE NCBA IS TO CARRY OUT THE GENERAL PURPOSES OF FINANCIAL INSTITUTIONS OPERATING IN NORTH CAROLINA, SUCH AS ACTING AS AN EFFECTIVE LEGISLATIVE LIAISON, PROVIDING CONTINUING EDUCATION TO MEMBERS AND ACCESS TO PRODUCTS, SERVICES AND PUBLICATIONS. 0 0 THE NORTH CAROLINA BANKERS ASSOCIATION ALSO HELD OVER 80 DAYS OF MEETINGS THROUGHOUT THE YEAR TO HELP EDUCATE THE BANKING INDUSTRY EMPLOYEES ON CURRENT PROCEDURES AND REGULATIONS. THE NORTH CAROLINA BANKERS ASSOCIATION PARTICIPATED IN GOVERNMENT RELATIONS TO PROMOTE AND PROTECT THE COMMON INTERESTS OF ITS MEMBER BANKS IN NORTH CAROLINA. THE ASSOCIATION WAS ACTIVE IN EXPANDING THE FINANCIAL LITERACY OF ALL NORTH CAROLINA CITIZENS, ESPECIALLY SCHOOL AGED CHILDREN. THESE ACTIVITIES CONSISTED OF SPONSORING CAMPERS AT CAMP CHALLENGE, A CAMP FOCUSING ON FINANCIAL LITERACY FOR MIDDLE SCHOOL CHILDREN WHO ARE HIGH ACHIEVING AND LOW RESOURCE. 0 0 0 1 0 0 0 0 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 39 0 1 13 1 1 1 0 0 0 1 1 0 0 0 X 15 14 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X DIANE BALDWIN 9197817979 3601 HAWORTH DRIVE RALEIGH NC 27609 PETER GWALTNEY PRESIDENT & CEO 40.00 10.00 X X 603033 0 49721 NATHAN BATTS COUNSEL/SVP 40.00 10.00 X 204038 0 36191 LYNN JOHNSON COO/EVP (FROM JUN '22) 40.00 10.00 X 188744 0 19747 STEPHANIE TUCKER CFO/SVP (FROM FEB '22) 40.00 10.00 X 186353 0 20067 GRACE SAMPSON CORPORATE SECRETARY/SVP 40.00 10.00 X 186263 0 34255 BLAIR JERNIGAN EVENT MGMT/SVP 40.00 10.00 X 149739 0 32753 DIANE BALDWIN VICE PRESIDENT, CONTROLLER 40.00 10.00 X 117007 0 21883 MARY WILLIS CHAIR 1.00 1.00 X X 0 0 0 JIM HANSEN VICE CHAIR 1.00 1.00 X X 0 0 0 CHARLES FREDERICK IMMEDIATE PAST CHAIRMAN (TO JUN '22) 1.00 1.00 X X 0 0 0 JIM SILLS IMMEDIATE PAST CHAIRMAN 1.00 1.00 X X 0 0 0 DAVID ALLEN DIRECTOR (FROM JUN '22) 1.00 1.00 X 0 0 0 JUAN AUSTIN DIRECTOR (FROM JUN '22) 1.00 1.00 X 0 0 0 MIKE ATKINSON DIRECTOR 1.00 1.00 X 0 0 0 DAVID BARKSDALE DIRECTOR (FROM JUN '22) 1.00 1.00 X 0 0 0 KYLE CHAVIS DIRECTOR 1.00 1.00 X 0 0 0 STEPHEN COLLIE DIRECTOR 1.00 1.00 X 0 0 0 LEE FITE DIRECTOR (TO JUN '22) 1.00 1.00 X 0 0 0 ROBIN HAGER DIRECTOR 1.00 1.00 X 0 0 0 AMANDA LLOYD DIRECTOR (FROM JUN '22) 1.00 1.00 X 0 0 0 LANCE SELLERS DIRECTOR (TO JUN '22) 1.00 1.00 X 0 0 0 BRANT STANDBRIDGE DIRECTOR (TO MAR '22) 1.00 1.00 X 0 0 0 GREGG STRADER DIRECTOR (TO JUN '22) 1.00 1.00 X 0 0 0 CAROLINE TAYLOR DIRECTOR (FROM JUN '22) 1.00 1.00 X 0 0 0 BOB WASHBURN DIRECTOR 1.00 1.00 X 0 0 0 TED WHITEHURST DIRECTOR (TO JUN '22) 1.00 1.00 X 0 0 0 JEFF WHITTINGTON DIRECTOR 1.00 1.00 X 0 0 0 1635177 0 214617 7 0 1 0 SHERATON IMPERIAL 4700 EMPEROR BLVD DURHAM NC 27703 EVENT SERVICES 206358 PONTE VEDRA INN & CLUB 200 PONTE VEDRA BLVD PONTE VEDRA BEACH FL 32082 EVENT SERVICES 114976 2 CONVENTION FEES 541900 1170362 1170362 MEMBER DUES 541900 694742 694742 SPONSORSHIPS 541900 299571 299571 2164675 257430 146404 111026 97751 22844 74907 74907 74907 10028 10028 10028 2507040 2311079 74907 121054 302 1153256 594067 85397 203237 110638 2462 12659 29319 2500 50063 11076 59441 39901 834839 156292 15076 DUES & SUBSCRIPTIONS 41797 FUTURE BUSINESS LEADERS 24361 MEMBERSUITE EXPENSES 15500 INCOME TAXES 12600 78556 3533339 346254 444732 2287451 1806544 2287 49215 3944827 3933558 47292 94181 2995805 1884585 1162138 1111220 4124757 3464895 7324145 7724742 1247250 1475433 20486401 20104520 154622 175162 267234 374735 886 0 422742 549897 X 20063659 19554623 20063659 19554623 20486401 20104520 X -1026299 -750289 1267552 X 0 1 X 1 0 0 0 1 694742 251809 251809 354635 -102826 113413 113413 2322234 1595438 726796 511862 259720 252142 48296 29427 18869 1111220 CENTRANT 5762410 C COMMUNITY BANK SERVICES INC 1688312 C CANAPI VENTURES FUND 274020 C 7724742 KEY EMPLOYEE LIFE INSURANCE 1163952 RECEIVABLE FROM AFFILIATES 311481 1475433 X PART X, LINE 2: THE BANKERS ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(6) AND IS ALSO EXEMPT FROM STATE INCOME TAXES. THE BANKERS ASSOCIATION PAYS STATE AND FEDERAL TAXES, NET OF APPLICABLE CREDITS, ON UNRELATED BUSINESS INCOME. THE ASSOCIATION DID NOT RECOGNIZE ANY INTEREST OR PENALTIES RELATED TO INCOME TAX DURING THE YEARS ENDED DECEMBER 31, 2022 AND 2021. THE ASSOCIATION DID NOT HAVE AN ACCRUAL FOR UNCERTAIN TAX POSITIONS AS DEDUCTIONS TAKEN AND BENEFITS ACCRUED ARE BASED ON WIDELY UNDERSTOOD ADMINISTRATIVE PRACTICES AND PROCEDURES, AND ARE BASED ON CLEAR AND UNAMBIGUOUS TAX LAW. X X 1 1 X X X X 0 1 0 PETER GWALTNEY PRESIDENT & CEO 468674 0 130000 0 4359 0 33550 0 16171 0 652754 0 0 0 NATHAN BATTS COUNSEL/SVP 184962 0 18500 0 576 0 21460 0 14731 0 240229 0 0 0 LYNN JOHNSON COO/EVP (FROM JUN '22) 138677 0 50000 0 67 0 11250 0 8497 0 208491 0 0 0 STEPHANIE TUCKER CFO/SVP (FROM FEB '22) 165000 0 14400 0 6953 0 18728 0 1339 0 206420 0 0 0 GRACE SAMPSON CORPORATE SECRETARY/SVP 167850 0 16800 0 1613 0 19493 0 14762 0 220518 0 0 0 BLAIR JERNIGAN EVENT MGMT/SVP 134875 0 14500 0 364 0 16828 0 15925 0 182492 0 0 0 PART I, LINE 1A THE NORTH CAROLINA BANKERS ASSOCIATION PAYS CERTAIN CLUB DUES OF THE PRESIDENT OF THE ORGANIZATION. THESE CLUB MEMBERSHIPS ARE TYPICALLY USED FOR ASSOCIATION BUSINESS PURPOSES ONLY. SHOULD ANY PERSONAL USE OCCUR, THE PRESIDENT WOULD REIMBURSE THE ASSOCIATION FOR THE VALUE OF SUCH USAGE. THE NORTH CAROLINA BANKERS ASSOCIATION ALSO PAYS THE TRAVEL EXPENSES FOR THE PRESIDENT AND COMPANION ON VISITS TO FUTURE CONVENTION AND MEETING VENUES. THERE IS TYPICALLY A BUSINESS PURPOSE FOR COMPANION TRAVEL. PART I, LINE 4B PETER GWALTNEY, PRESIDENT, PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN DURING THE YEAR. THE ASSOCIATION MAKES ANNUAL CONTRIBUTIONS TO A LIFE INSURANCE POLICY WHICH IT OWNS AND IS THE BENEFICIARY OF. IF MR. GWALTNEY REMAINS IN THE SERVICE OF THE ASSOCIATION THROUGH AN AGREED-UPON RETIREMENT DATE, OWNERSHIP OF THE POLICY, SUBJECT TO A PARTIAL ASSIGNMENT OF THE DEATH BENEFIT TO THE ASSOCIATION (TO PAY BACK POLICY PREMIUMS MADE BY THE ASSOCIATION), WILL BE TRANSFERRED TO MR. GWALTNEY ON THE RETIREMENT DATE. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS AN ASSOCIATION IN WHICH THE MEMBERS OF THE ASSOCIATION ARE BANKS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS HAVE VOTING RIGHTS THAT INCLUDE THE ELECTION OF ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. THE MEMBERS APPOINT DIRECTORS IN A MANNER SET FORTH IN THE ORGANIZATION'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY MANAGEMENT AND THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES ARE REQUIRED TO SIGN AND RETURN ACKNOWLEDGMENT FORMS ATTESTING THAT THEY WILL COMPLY WITH THE ORGANIZATION'S ETHICS POLICY AND PROVIDE NOTICE OF ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. AS SET OUT IN THE POLICY, THE AUDIT COMMITTEE REVIEWS ALL FORMS AND CONFLICT INFORMATION ON AN ONGOING BASIS. IN THE EVENT OF A CONFLICT THAT PERSON RECUSES THEMSELVES FROM ALL DISCUSSIONS AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE NCBA ACTS AS THE COMPENSATION COMMITTEE FOR THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE IS PROVIDED OTHER STATE BANKING ASSOCIATIONS' FORMS 990 WITH COMPARABLE POSITIONS TO REVIEW. THE COMMITTEE EVALUATES BASED ON PERFORMANCE AND ACHIEVEMENTS. ALL DISCUSSIONS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PERMITS INSPECTION OF THESE DOCUMENTS AT ITS OFFICE. FORM 990, PART XI, LINE 9: EQUITY INCOME - SUBSIDIARIES 1,418,590. PROVISION FOR LOAN LOSSES -151,038. NORTH CAROLINA BANKERS ASSOCIATION FOUNDATION PO BOX 19999 RALEIGH NC 27619 561391773 PROVIDE FUNDS FOR EDUCATIONAL SERVICES SCHOLARSHIP GRANTS NC 501(C)(3) LINE 7 NORTH CAROLINA BANKERS ASSOCIATION 0 COMMUNITY BANKER SERVICES INC 3601 HAWORTH DRIVE RALEIGH NC 27609 561268430 FINANCIAL SERVICES NC NORTH CAROLINA BANKERS ASSOCIATION C 1987430 2007482 1.00000 1 CENTRANT COMMUNITY CAPITAL PO BOX 19999 RALEIGH NC 27619 561721140 FINANCIAL SERVICES NC NORTH CAROLINA BANKERS ASSOCIATION C 2553843 6160833 1.00000 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 COMMUNITY BANK SERVICES INC A 30341 FMV CENTRANT COMMUNITY CAPITAL A 67410 FMV COMMUNITY BANK SERVICES INC F 750000 FMV CENTRANT COMMUNITY CAPITAL F 300000 FMV COMMUNITY BANK SERVICES INC O 331330 FMV CENTRANT COMMUNITY CAPITAL O 103192 FMV COMMUNITY BANK SERVICES INC Q 192470 FMV CENTRANT COMMUNITY CAPITAL Q 317760 FMV