HERE'S HOW WE'RE DOING.
STATEMENT OF FINANCIAL CONDITION
June 30, 2023
| ASSETS | |
|---|---|
| Loans (net) | $840,978,740 |
| Cash | $91,742,665 |
| Investments | $105,683,256 |
| Fixed Assets | $31,005,643 |
| NCUSIF | $8,683,883 |
| Other Assets | $36,763,713 |
| Total Assets | $1,114,857,900 |
| LIABILITIES, EQUITY, AND RETAINED EARNINGS | |
|---|---|
| Liabilities and Member Shares | |
| Accounts and Dividends Payable | $12,081,573 |
| Member Shares | $929,508,452 |
| Total Liabilities and Member Shares | $1,016,590,025 |
| Equity | |
| Reserves | $2,353,142 |
| Unrealized Gains/(Losses) Investments | ($16,269,541) |
| Other Comprehensive Income/(Loss) | ($5,740,151) |
| Undivided Earnings | $117,924,425 |
| Total Equity | $98,267,875 |
| Total Liabilities, Equity, and Retained Earnings | $1,114,857,900 |
STATEMENT OF INCOME
| STATEMENT OF INCOME | |
|---|---|
| Interest Income | $21,124,382 |
| Interest and Dividend Expense | $7,184,099 |
| Net Interest Income | $13,940,284 |
| Provision for Loan Losses | $421,124 |
| Net Interest Income after Provision for Loan Losses | $13,519,160 |
| Non-Interest Income | $10,498,538 |
| Non-Interest Expense | $14,373,840 |
| Net Income | $9,643,858 |