|
|
Treasurer
TREASURER’S REPORT
Period Ending December 31, 2007
|
| ASSETS |
YTD-2007 |
YTD-2006 |
| Loans |
$ 21,479,144 |
$ 19,899,255 |
| Allowances |
(124,129) |
(143,111) |
| Cash and Investments |
4,763,751 |
5,486,118 |
| Land & Building |
874,555 |
767,231 |
| Furniture & Equipment |
119,384 |
116,056 |
| National Share Insurance Fund |
180,459 |
156,956 |
| Other Assets |
104,163 |
129,622 |
| TOTAL ASSETS |
$ 26,397,327 |
$ 26,412,127 |
| LIABILITIES AND EQUITY |
|
|
| Accounts Payable |
$ 4,883 |
$ 11,871 |
| Dividends Payable |
247,362 |
219,518 |
| Other liabilities |
528,262 |
405,097 |
| Regular Shares |
11,979,367 |
11,373,466 |
| Share Drafts |
2,149,711 |
2,100,805 |
| Share Certificates |
6,223,216 |
6,176,423 |
| IRA Accounts |
514,793 |
575,645 |
| Regular Reserve |
738,795 |
738,795 |
| Undivided Earnings |
5,014,938 |
4,810,507 |
| TOTAL LIABILITY & EQUITY |
$ 27,397,327 |
$ 26,412,127 |
| STATISTICAL INFORMATION |
|
|
| Number of Members |
6,185 |
6,303 |
| Total Number of Loans |
1,927 |
1,863 |
| Delinquency Ratio |
.29% |
.16% |
| Capital Ratio |
21.00% |
21.00% |
| Return on Average Assets |
.77% |
.34% |
| BUDGET ANALYSIS |
|
|
| Total Operating Income |
$ 2,662,490 |
$ 2,338,008 |
| Total Operating Expenses |
1,780,161 |
1,730,753 |
| Net Income Before Dividends |
882,329 |
607,255 |
| Total Dividends Paid |
674,897 |
519,947 |
| NET INCOME |
$ 207,432 |
$ 87,308 |
| SHARE ACCOUNT ANALYSIS |
|
|
| Type |
|
|
| Regular Shares |
6,678 |
6,836 |
| Share Draft Accounts |
1,862 |
1,773 |
| Share Certificates |
156 |
212 |
| IRA Accounts |
84 |
90 |
| TOTAL ACCOUNTS |
8,780 |
8,911 |
| LOAN ACCOUNT ANALYSIS |
|
|
| New Auto Loans |
212 |
229 |
| Used Auto Loans |
166 |
284 |
| Unsecured Loans |
1,223 |
1,085 |
| Home Equity Loans |
32 |
31 |
| Share-Secured Loans |
122 |
125 |
| Business Loans |
34 |
31 |
| Overdraft Loans |
68 |
73 |
| Credit Card |
158 |
159 |
| Mortgage Loans |
70 |
63 |
| TOTAL LOANS |
2,085 |
2,080 |
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