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Statement of Financial
Condition
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Summary Financial Information |
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December-2009 |
|
December-2010 |
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| ASSETS: |
Amount |
|
Amount |
|
| Cash & Equivalents |
995,314 |
|
1,172,093 |
|
| TOTAL
INVESTMENTS |
8,507,000 |
|
10,110,000 |
|
| Loans Held for Sale |
176,320 |
|
173,499 |
|
| Real Estate Loans |
527,806 |
|
468,901 |
|
| Unsecured Loans |
416,690 |
|
353,854 |
|
| Other Loans |
470,891 |
|
371,593 |
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| TOTAL
LOANS |
1,415,387 |
|
1,194,348 |
|
| (Allowance for Loan & Lease
Losses) |
(24,685) |
|
(7,992) |
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| Other Fixed Assets |
8,971 |
|
4,349 |
|
| NCUSIF Deposit |
84,432 |
|
101,583 |
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| All Other Assets |
134,955 |
|
153,229 |
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| TOTAL
ASSETS |
11,297,694 |
|
13,001,308 |
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| LIABILITIES & CAPITAL: |
|
|
|
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| Accounts Payable & Other
Liabilities |
117,944 |
|
136,062 |
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| TOTAL
LIABILITIES |
117,944 |
|
136,062 |
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| Share Drafts |
1,227,294 |
|
1,374,930 |
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| Regular shares |
6,730,079 |
|
6,820,400 |
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| All Other Shares &
Deposits |
2,200,957 |
|
3,643,181 |
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| TOTAL SHARES &
DEPOSITS |
10,158,330 |
|
11,838,511 |
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| Regular Reserve |
164,273 |
|
164,273 |
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| Undivided Earnings |
857,147 |
|
862,462 |
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| TOTAL EQUITY |
1,021,420 |
|
1,026,735 |
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| TOTAL LIABILITIES,
SHARES, & EQUITY |
11,297,694 |
|
13,001,308 |
|
| INCOME &
EXPENSE |
|
|
|
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| Loan Income |
144,400 |
|
126,201 |
|
| Investment Income |
296,747 |
|
321,637 |
|
| Other Income |
27,808 |
|
31,849 |
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| Salaries & Benefits |
205,839 |
|
224,219 |
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| Total Other Operating
Expenses |
144,221 |
|
151,771 |
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| Provision for Loan/Lease
Losses |
-15,134 |
|
-13,891 |
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| Cost of Funds - Interst Paid to
Members |
69,962 |
|
84,527 |
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| Net Income (Loss) Before NCUSIF
Stabilization Expense |
64,067 |
|
33,061 |
|
|
NCUSIF
Stabilization Expense |
-13,238 |
|
-12,617 |
|
|
Corporate
Stabilization Expense |
-94,684 |
|
-15,129 |
|
|
Net
Income |
-43,855 |
|
5,315 |
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