| Statement of Financial Condition |
December 31, 2011 |
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Loans |
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Total Loans |
$92,025,138.95 |
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Allowance for Loan Losses |
($958,262.76) |
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Total Cash & Receivables |
$1,824,799.91 |
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Total Investments |
$54,878,685.93 |
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Accrued Income |
$393,080.03 |
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Prepaid & Deferred Expenses |
$182,517.44 |
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Fixed Assets |
$4,062,680.40 |
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Other Receivables |
$91,434.32 |
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NCUA Insurance |
$1,330,929.99 |
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Dividends Payable |
$187,835.66 |
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Accounts Payable |
$776,685.39 |
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Total Liabilities |
$964,521.05 |
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Shares & Reserves |
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Shares |
$95,186,142.85 |
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Share Certificates |
$45,117,852.78 |
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Regular Reserve |
$2,785,481.63 |
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Contingency Reserve |
$3,292,544.98 |
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Undivided Earnings |
$6,167,254.63 |
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Unrealized Gain/(Loss) AFS Securities |
$317,206.29 |
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Total Equity |
$152,866,483.16 |
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| Income Statement |
2011 YTD |
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Interests on Loans |
$5,626,994.68 |
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Income from Investments |
$975,658.56 |
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Misc. Fee Income |
$963,797.19 |
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Other Operating Income |
$800,352.16 |
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Total Operating Income |
$8,366,802.59 |
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Compensation and Benefits |
$1,858,442.79 |
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Travel and Conference |
$51,934.59 |
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Office Occupancy |
$291,465.23 |
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Office Operations |
$959,521.36 |
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Educational and Promotional |
$136,411.15 |
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Loan Servicing |
$661,867.29 |
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Professional and Outside |
$618,070.30 |
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Provision for Loan Losses |
$611,519.01 |
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Share Insurance |
$332,732.50 |
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Operating Fees |
$32,326.12 |
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Misc. Operating Expenses |
$101,561.26 |
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Total Operating Expenses |
$5,655,851.60 |
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Non-Operating Income/(Expense) |
($3,423.66) |
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Dividends |
$1,645,059.02 |
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