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Financials

Here's how we're doing.

Statement of Financial Condition

December 31, 2017

Assets
Loans (net) $414,032,046
Cash $30,517,881
Investments $32,400,952
Fixed Assets $17,180,506
NCUSIF $4,318,716
Other Assets $16,808,420
Total Assets $515,258,522

 

Liabilities, Equity, and Retained Earnings
Liabilities and Member Shares
Accounts and Dividends Payable $4,948,902
Member Shares $453,065,562
Total Liabilities and Member Shares $458,014,464
Equity
Reserves $2,353,142
Unrealized Gains/(Losses) Investments $(405,289)
Other Comprehensive Income/(Loss) $(4,278,847)
Undivided Earnings $59,575,052
Total Equity $61,928,194
Total Liabilities, Equity, and Retained Earnings $515,258,522

 

Statement of Income

Statement of Income
Interest Income $18,481,999
Interest and Dividend Expense $3,346,344
Net Interest Income $15,135,655
Provision for Loan Losses $1,250,000
Net Interest Income after Provision for Loan Losses $13,885,655
Non-Interest Income $9,286,381
Non-Interest Expense $16,945,404
Net Income $6,226,633