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Financials

Here's how we're doing.

Statement of Financial Condition

September 30, 2017

Assets
Loans (net) $412,462,221
Cash $24,179,771
Investments $34,394,963
Fixed Assets $17,297,862
NCUSIF $4,036,719
Other Assets $18,156,772
Total Assets $510,528,308

 

Liabilities, Equity, and Retained Earnings
Liabilities and Member Shares
Accounts and Dividends Payable $5,679,633
Member Shares $448,541,648
Total Liabilities and Member Shares $454,221,317
Equity
Reserves $2,353,142
Unrealized Gains/(Losses) Investments $(211,169)
Other Comprehensive Income/(Loss) $(3,659,284)
Undivided Earnings $57,824,302
Total Equity $60,177,444
Total Liabilities, Equity, and Retained Earnings $510,528,308

 

Statement of Income

Statement of Income
Interest Income $13,572,237
Interest and Dividend Expense $2,444,825
Net Interest Income $11,127,412
Provision for Loan Losses $900,000
Net Interest Income after Provision for Loan Losses $10,227,412
Non-Interest Income $6,773,773
Non-Interest Expense $12,525,302
Net Income $4,475,883