|
|
|
|
|
ACTUAL |
ACTUAL |
|
| Loans to Members, Net |
$382,441,155.62 |
$377,625,008.05 |
| Cash & Receivables |
11,061,566.01 |
8,585,859.31 |
| Investments |
157,323,907.24 |
135,875,065.58 |
| Building, Furniture, & Equipment |
19,631,744.31 |
14,282,250.29 |
| Other Assets |
7,495,691.60 |
7,104,358.92 |
| TOTAL ASSETS |
$577,954,064.78 |
$543,472,542.15 |
|
| LIABILITIES: |
| Accounts & Notes Payable |
$1,232,500.17 |
$960,790.86 |
| Other Liabilities |
3,596,393.74 |
2,721,448.92 |
| TOTAL LIABILITES |
$4,828,893.91 |
$3,682,239.78 |
| MEMBER EQUITY: |
| Member Shares |
$504,037,395.83 |
$477,654,910.63 |
| Total Reserves & Undivided Earnings |
69,087,775.04 |
62,135,391.74 |
| TOTAL EQUITY |
$573,125,170.87 |
$539,790,302.37 |
| TOTAL LIABILITIES & MEMBER EQUITY |
$577,954,064.78 |
$543,472,542.15 |
|
|
|
2006 |
2005 |
|
ACTUAL |
ACTUAL |
| OPERATING INCOME: |
| Total Loan Income |
$23,720,972.18 |
$22,303,376.62 |
| Total Investment Income |
6,858,697.29 |
4,650,545.07 |
| Total Other Income |
6,120,034.84 |
5,176,414.22 |
| TOTAL OPERATING INCOME |
$36,699,704.31 |
$32,130,335.91 |
| OPERATING EXPENSES: |
| Employee Compensation |
$6,546,481.98 |
$5,748,029.05 |
| Employee Benefits |
1,750,987.17 |
1,357,270.86 |
| Travel & Conference |
140,022.86 |
175,645.98 |
| Association Dues |
67,099.79 |
53,112.14 |
| Office Occupancy |
749,214.10 |
709,922.68 |
| Office Operating |
2,887,552.18 |
2,409,136.46 |
| Educ. & Promotion |
520,763.36 |
504,831.57 |
| Loan Servicing |
1,667,850.41 |
1,396,000.85 |
| Non Deposit Investment Services Program |
40,924.26 |
19,358.43 |
| Prof. & Outside Services |
235,873.41 |
193,005.82 |
| Provision for Loan Losses |
172,761.17 |
547,527.29 |
| Member Insurance |
21,717.99 |
27,888.06 |
| NCUA Operating Fee |
112,037.63 |
104,449.51 |
| Miscellaneous |
11,304.92 |
3,139.34 |
| TOTAL EXPENSES |
$14,938,733.46 |
$13,287,455.38 |
Net Income Before Dividends |
$21,760,970.85 |
$18,842,880.53 |
| Dividends |
$16,041,437.07 |
$12,150,424.35 |
| Interest on Borrowed Funds |
205.28 |
2,399.91 |
| Net Income from Operations |
$5,719,328.50 |
$6,690,056.27 |
| Other Non-Operating Income |
438,817.13 |
18,583.76 |
| Gain/(Loss) on Sale of Investments |
1,971.13 |
50,669.17 |
| Net Income Before Transfers to Reserves |
$6,160,116.76 |
6,759,309.20 |
| Expense to Average Asset Ratio |
2.66% |
2.55% |
|
| Number of Members |
49,246 |
48,203 |
| Total Loans Granted in Year |
13,413 |
13,909 |
| Total Amount Loaned |
$214,529,467.61 |
$207,278,508.86 |
| Number of Loans Made Since Organization |
368,991 |
355,578 |
| Amount Loaned Since Organization |
$2,652,455,212.46 |
$2,437,925,744.85 |
| Increase in Total Loans |
1.15% |
1.30% |
| Increase in Total Shares |
5.52% |
9.26% |
| Increase in Total Membership |
2.16% |
2.21% |
|
|
