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Financials

Here's how we're doing.

Statement of Financial Condition

December 31, 2016

Assets
Loans (net) $369,666,764
Cash $23,661,626
Investments $36,354,732
Fixed Assets $14,494,024
NCUSIF $3,854,912
Other Assets $17,673,261
Total Assets $465,705,318

 

Liabilities, Equity, and Retained Earnings
Liabilities and Member Shares
Accounts and Dividends Payable $6,607,659
Member Shares $407,722,510
Total Liabilities and Member Shares $414,330,168
Equity
Reserves $2,353,142
Unrealized Gains/(Losses) Investments $(479,661)
Other Comprehensive Income/(Loss) $(3,846,750)
Undivided Earnings $53,348,419
Total Equity $55,701,561
Total Liabilities, Equity, and Retained Earnings $465,705,318

 

Statement of Income

Statement of Income
Interest Income $16,374,097
Interest and Dividend Expense $2,651,788
Net Interest Income $13,722,308
Provision for Loan Losses $900,000
Net Interest Income after Provision for Loan Losses $12,822,308
Non-Interest Income $9,184,802
Non-Interest Expense $16,474,424
Net Income $5,532,686