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Financials

Here's how we're doing.

Statement of Financial Condition

September 30, 2016

Assets
Loans (net) $358,974,989
Cash $29,818,778
Investments $38,005,317
Fixed Assets $14,644,864
NCUSIF $3,701,537
Other Assets $18,141,890
Total Assets $463,287,375

 

Liabilities, Equity, and Retained Earnings
Liabilities and Member Shares
Accounts and Dividends Payable $6,584,582
Member Shares $405,717,694
Total Liabilities and Member Shares $412,302,275
Equity
Reserves $2,353,142
Unrealized Gains/(Losses) Investments $94,252
Other Comprehensive Income/(Loss) $(3,372,193)
Undivided Earnings $51,909,898
Total Equity $54,263,040
Total Liabilities, Equity, and Retained Earnings $463,287,375

 

Statement of Income

Statement of Income
Interest Income $12,102,780
Interest and Dividend Expense $1,953,212
Net Interest Income $10,149,588
Provision for Loan Losses $900,000
Net Interest Income after Provision for Loan Losses $9,249,588
Non-Interest Income $6,810,683
Non-Interest Expense $11,966,106
Net Income $4,094,165