HERE'S HOW WE'RE DOING.
STATEMENT OF FINANCIAL CONDITION
December 31, 2023
ASSETS | |
---|---|
Loans (net) | $879,513,272 |
Cash | $97,368,621 |
Investments | $96,742,925 |
Fixed Assets | $30,681,080 |
NCUSIF | $9,073,550 |
Other Assets | $38,927,574 |
Total Assets | $1,152,307,021 |
LIABILITIES, EQUITY, AND RETAINED EARNINGS | |
---|---|
Liabilities and Member Shares | |
Accounts and Dividends Payable | $11,462,592 |
Member Shares | $959,169,134 |
Total Liabilities and Member Shares | $1,045,631,726 |
Equity | |
Reserves | $2,353,142 |
Unrealized Gains/(Losses) Investments | ($14,041,056) |
Other Comprehensive Income/(Loss) | ($4,590,309) |
Undivided Earnings | $122,953,519 |
Total Equity | $106,675,296 |
Total Liabilities, Equity, and Retained Earnings | $1,152,307,021 |
STATEMENT OF INCOME
STATEMENT OF INCOME | |
---|---|
Interest Income | $45,846,717 |
Interest and Dividend Expense | $16,553,045 |
Net Interest Income | $29,293,672 |
Provision for Loan Losses | $1,585,965 |
Net Interest Income after Provision for Loan Losses | $27,707,707 |
Non-Interest Income | $16,777,843 |
Non-Interest Expense | $29,812,598 |
Net Income | $14,672,952 |