Statement of Financial Condition June 30, 2010
         
 Assets  
   Loans    
   Total Loans  $70,289,070.32  
     Allowance for Loan Losses

 (803,938.56)

 
   Net Loans  $69,485,131.76  
         
   Total Cash  $1,272,894.48  
         
   Total Investments  $55,529,649.53  
         
   CUSO Investments  $1,241,658.99  
   Accrued Income  $426,221.65  
   Prepaid & Deferred Expenses  $109,244.15  
         
   Fixed Assets    
     Land & Buildings  $3,768,592.58  

 

   Furniture & Equipment  $464,938.87  
         
   Other Receivables  $786,747.85  
   NCUA Insurance  $1,122,184.19  
         
 Total Assets  $134,207,264.05  
         
 Liabilities & Equity
     Dividends Payable  $315,032.11
     Accounts Payable  $676,732.55
   Total Liabilities  $991,764.66
       
   Shares
     Shares  $79,216,977.16
     Share Certificates  $42,476,955.77    
     Regular Reserve  $2,785,481.63
     Contingency Reserve   $3,292,544.98
     Undivided Earnings  $4,986,771.43
       Unrealized Gain/(Loss) AFS Securities  $357,816.24
   Total Equity  $133,207,264.05
 
   Total Liabilities & Equity  $134,207,264.05
       
       
 Income Statement  2010 YTD
       
 Income  
     Interests on Loans  $2,476,935.96
     Income from Investments  $625,605.67
     Misc. Fee Income  $375,262.70
     Other Operating Income  $365,855.66
   Total Operating Income  $3,843,659.99
       
 Expenses  
     Compensation and Benefits  $814,932.18
     Travel and Conference  $12,265.14
     Office Occupancy  $135,257.37
     Office Operations  $393,055.95
     Educational and Promotional  $52,991.50
     Loan Servicing  $199,832.89
     Professional and Outside  $353,656.15
     Provision for Loan Losses  $350,731.07
     Insurance  $210,000.00
     Operating Fees  $28,816.40
     Misc. Operating Expenses  $43,019.44
   Total Operating Expenses  $2,594,558.09
     Non-Operating Gain/(Loss)  $0.00
     Dividends  $999,686.45
 Net Income  $249,415.45