| Statement of Financial Condition |
June 30, 2010 |
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Loans |
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Total Loans |
$70,289,070.32 |
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Allowance for Loan Losses |
(803,938.56) |
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Net Loans |
$69,485,131.76 |
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Total Cash |
$1,272,894.48 |
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Total Investments |
$55,529,649.53 |
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CUSO Investments |
$1,241,658.99 |
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Accrued Income |
$426,221.65 |
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Prepaid & Deferred Expenses |
$109,244.15 |
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Fixed Assets |
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Land & Buildings |
$3,768,592.58 |
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Furniture & Equipment |
$464,938.87 |
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Other Receivables |
$786,747.85 |
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NCUA Insurance |
$1,122,184.19 |
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Dividends Payable |
$315,032.11 |
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Accounts Payable |
$676,732.55 |
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Total Liabilities |
$991,764.66 |
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Shares |
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Shares |
$79,216,977.16 |
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Share Certificates |
$42,476,955.77 |
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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 |
$4,986,771.43 |
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Unrealized Gain/(Loss) AFS Securities |
$357,816.24 |
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Total Equity |
$133,207,264.05 |
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| Income Statement |
2010 YTD |
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Interests on Loans |
$2,476,935.96 |
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Income from Investments |
$625,605.67 |
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Misc. Fee Income |
$375,262.70 |
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Other Operating Income |
$365,855.66 |
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Total Operating Income |
$3,843,659.99 |
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Compensation and Benefits |
$814,932.18 |
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Travel and Conference |
$12,265.14 |
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Office Occupancy |
$135,257.37 |
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Office Operations |
$393,055.95 |
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Educational and Promotional |
$52,991.50 |
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Loan Servicing |
$199,832.89 |
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Professional and Outside |
$353,656.15 |
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Provision for Loan Losses |
$350,731.07 |
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Insurance |
$210,000.00 |
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Operating Fees |
$28,816.40 |
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Misc. Operating Expenses |
$43,019.44 |
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Total Operating Expenses |
$2,594,558.09 |
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Non-Operating Gain/(Loss) |
$0.00 |
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Dividends |
$999,686.45 |
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