|
TREASURER'S REPORT
STATEMENT OF FINANCIAL CONDITION
|
ASSETS |
Dec. 31, 2006 |
Dec. 31, 2005 |
| Net Loans Outstanding |
$76,325,678 |
$72,840,133 |
| Cash on Hand |
4,403,285 |
4,026,024 |
|
Federal Agency Securities |
13,468,330 |
23,450,431 |
|
U.S. Government Obligations |
1,159,400 |
1,104,407 |
|
Federal Funds |
2,965,783 |
2,822,560 |
|
Mid-Atlantic Corporate FCU |
8,090,167 |
1,983,638 |
|
NCUSIF Deposit |
975,527 |
965,973 |
|
Land & Building (Net) |
3,905,349 |
2,712,892 |
|
Furniture & Equipment (Net) |
455,539 |
560,520 |
|
Accrued Investment Income |
161,436 |
169,399 |
|
Accounts Receivable |
31,094 |
38,058 |
|
Acrued Loan Interest |
203,123 |
178,070 |
|
Prepaid & Deferred Expenses |
232,378 |
219,013 |
|
Intangible Asset - Pension |
8,291 |
43,132 |
|
TOTAL ASSETS |
112,385,380 |
$111,114,250 |
|
LIABILITIES |
|
|
|
Dividends Payable |
$553,672 |
$437,044 |
|
Accounts Payable |
398,435 |
353,900 |
| Other Liabilities |
57,628 |
166,322 |
|
Clearing Accounts |
115,778 |
81,332 |
|
EQUITY |
|
|
|
Member's Accounts |
97,716,335 |
97,632,132 |
| Regular Reserves |
3,545,824 |
3,545,824 |
|
Undividend Earnings |
10,134,336 |
9,384,220 |
|
Unrealized Gain/Loss |
(136,629) |
(405,192) |
|
TOTAL LIABILITIES & EQUITY |
$112,385,380 |
$111,114,250 |
| |
|
|
|
STATEMENT OF INCOME |
|
|
|
INCOME |
|
|
| Interest Income |
$4,788,599 |
$4,204,631 |
|
Investment Income |
1,223,145 |
1,034,440 |
|
Non-Operating Gain |
15,092 |
1,222 |
| Other Income |
1,036,536 |
1,024,186 |
|
TOTAL INCOME |
$7,063,372 |
$6,264,479 |
|
|
|
|
|
EXPENSES |
|
|
| Operating Expenses |
$3,819,036 |
$3,706,288 |
|
Dividend Expense |
2,494,220 |
1,810,934 |
| Undividend Earnings |
750,116 |
747,257 |
|
TOTAL EXPENSES |
$7,063,372 |
$6,264,479 |
|
|
|
|
|
