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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 |
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| Cash & Equivalents |
1,261,988 |
995,314 |
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| TOTAL
INVESTMENTS |
6,228,684 |
8,507,000 |
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| Loans Held for Sale |
178,964 |
176,320 |
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| Real Estate Loans |
819,778 |
527,806 |
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| 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 |
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| (Allowance for Loan & Lease
Losses) |
(41,293) |
(24,685) |
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| Other Fixed Assets |
20,367 |
8,971 |
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| 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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| 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 |
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| Investment Income |
303,161 |
296,747 |
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| Other Income |
25,969 |
83,793 |
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| Salaries & Benefits |
201,770 |
205,839 |
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| Total Other Operating
Expenses |
149,157 |
238,905 |
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| Provision for Loan/Lease
Losses |
17,915 |
-15,134 |
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| Cost of Funds |
73,580 |
69,962 |
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| Net Income (Loss) Before NCUSIF
Stabilization Expense |
49,253 |
25,368 |
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NCUSIF
Stabilization Expense |
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69,223 |
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Net
Income |
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-43,855 |
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