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Statements of Financial Condition | 2019 | 2018 | % Change |
---|---|---|---|
Cash and Cash Equivalents | $191,337 | $210,813 | (9.24) |
Investments | 1,872,229 | 1,865,350 | 0.37 |
Loans (Net of Allowance for Loan Losses) | 2,993,292 | 2,798,196 | 6.97 |
Loans In Process | 66,960 | 36,193 | 85.01 |
Other Assets | 64,687 | 61,284 | 5.55 |
Total Assets | 5,188,505 | 4,971,837 | 4.36 |
Deposits | 4,500,060 | 4,348,837 | 3.48 |
Other Liabilities | 41,563 | 39,383 | 5.53 |
Members' Equity | 638,186 | 593,911 | 7.45 |
Total Liabilities and Members' Equity | 5,188,505 | 4,971,837 | 4.36 |
Statements of Income | |||
Interest Income | $152,294 | $136,533 | 11.54 |
Interest Expense (Dividends) | 44,333 | 26,935 | 64.59 |
Net Interest Income | 107,960 | 109,597 | (1.49) |
Provision for Loan Losses | 3,984 | (1,331) | (399.29) |
Noninterest Income | 17,839 | 19,433 | (8.20) |
Noninterest Expense | 77,541 | 72,491 | 6.97 |
Net Income | 44,275 | 57,870 | (23.49) |
Key Equity Ratios | |||
Members' Equity to Deposits | 14.18% | 13.66% | 3.84 |
Members' Equity to Total Assets | 12.30% | 11.95% | 2.97 |
Other Highlights | |||
Mortgage Servicing Portfolio | $206,293 | $242,446 | (14.91) |
Operating Expense to Assets | 1.57% | 1.52% | 3.29 |
Members | 89,925 | 88,413 | 1.71 |
(In Thousands, US) | |||
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