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Statement of Financial
Condition
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Summary Financial Information |
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December-2008 |
|
December-2009 |
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| ASSETS: |
Amount |
|
Amount |
|
| Cash & Equivalents |
1,261,988 |
|
995,314 |
|
| TOTAL
INVESTMENTS |
6,228,684 |
|
8,507,000 |
|
| Loans Held for Sale |
178,964 |
|
176,320 |
|
| Real Estate Loans |
819,778 |
|
527,806 |
|
| Unsecured Loans |
480,518 |
|
416,690 |
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| Other Loans |
419,576 |
|
470,891 |
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| TOTAL
LOANS |
1,719,872 |
|
1,415,387 |
|
| (Allowance for Loan & Lease
Losses) |
(41,293) |
|
(24,685) |
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| Other Fixed Assets |
20,367 |
|
8,971 |
|
| NCUSIF Deposit |
81,138 |
|
84,432 |
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| All Other Assets |
201,730 |
|
134,955 |
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| TOTAL
ASSETS |
9,651,450 |
|
11,297,694 |
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| LIABILITIES & CAPITAL: |
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|
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| Accounts Payable & Other
Liabilities |
98,738 |
|
117,944 |
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| TOTAL
LIABILITIES |
98,738 |
|
117,944 |
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| Share Drafts |
1,179,939 |
|
1,227,294 |
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| Regular shares |
6,134,471 |
|
6,730,079 |
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| All Other Shares &
Deposits |
1,173,027 |
|
2,200,957 |
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| TOTAL SHARES &
DEPOSITS |
8,487,437 |
|
10,158,330 |
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| Regular Reserve |
164,273 |
|
164,273 |
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| Undivided Earnings |
901,002 |
|
857,147 |
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| TOTAL EQUITY |
1,065,275 |
|
1,021,420 |
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| TOTAL LIABILITIES,
SHARES, & EQUITY |
9,651,450 |
|
11,297,694 |
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| INCOME &
EXPENSE |
|
|
|
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| Loan Income |
162,545 |
|
144,400 |
|
| Investment Income |
303,161 |
|
296,747 |
|
| Other Income |
25,969 |
|
27,808 |
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| Salaries & Benefits |
201,770 |
|
205,839 |
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| Total Other Operating
Expenses |
149,157 |
|
144,221 |
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| Provision for Loan/Lease
Losses |
17,915 |
|
-15,134 |
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| Cost of Funds - Interst Paid to
Members |
73,580 |
|
69,962 |
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| Net Income (Loss) Before NCUSIF
Stabilization Expense |
49,253 |
|
64,067 |
|
|
NCUSIF
Stabilization Expense - First Year |
|
|
-13,238 |
|
|
Constitution
Corporate Member Capital Depletion |
|
|
-94,684 |
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|
Net
Income |
|
|
-43,855 |
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