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Financials

Here's how we're doing.

Statement of Financial Condition

March 31, 2017

Assets
Loans (net) $372,462,726
Cash $50,336,302
Investments $35,367,546
Fixed Assets $14,366,006
NCUSIF $3,854,912
Other Assets $20,418,371
Total Assets $496,805,863

 

Liabilities, Equity, and Retained Earnings
Liabilities and Member Shares
Accounts and Dividends Payable $8,466,300
Member Shares $435,537,685
Total Liabilities and Member Shares $444,003,985
Equity
Reserves $2,353,142
Unrealized Gains/(Losses) Investments $(396,421)
Other Comprehensive Income/(Loss) $(3,784,261)
Undivided Earnings $54,629,419
Total Equity $56,982,561
Total Liabilities, Equity, and Retained Earnings $496,805,863

 

Statement of Income

Statement of Income
Interest Income $4,292,269
Interest and Dividend Expense $749,430
Net Interest Income $3,542,839
Provision for Loan Losses $300,000
Net Interest Income after Provision for Loan Losses $3,242,839
Non-Interest Income $2,132,253
Non-Interest Expense $4,094,092
Net Income $1,281,000