2 YEAR REPORT

GreenState

BACK TO SEARCH
  Select Cycle:

LOG-IN

The page you are trying to access requires users to be logged in. Please log in now or register for an account to continue.

Log In


Log In

Need to register?


Register



Not sure if you have an account?

Please enter your email and click the Check Registration button.

Back to CreditUnions.com

Welcome to Search & Analyze!


Welcome to Search & Analyze on CreditUnions.com.

This is a paid feature on CreditUnions.com designed to help credit unions find other executives, build peer groups, and perform simple financial analysis. Want to gain access to these features? Click below to find the subscription option that works best for you.

View Options

Welcome to Search & Analyze!


Welcome to Search & Analyze on CreditUnions.com.

This is a paid feature on CreditUnions.com designed to help suppliers better research and target credit unions across the United States. Subscribers can build lists, research credit union contact and vendor names, and much more! Click below to find the subscription option that works best for you.

View Options

Are you a credit union employee and seeing this in error? Please contact us here.

Welcome to Search & Analyze!


Welcome to Search & Analyze on CreditUnions.com.

This is a paid feature on CreditUnions.com designed to help credit unions find other executives, build peer groups, and perform simple financial analysis. Want to gain access to these features? Click below to find the subscription option that works best for you.

View Options

     

  Jun 2019 Jun 2020 %Chg
ASSETS  
Cash & Cash Equivalents $137,003,354 $354,916,993 159.06%
Government Securities $0 $0
Corporate CU $6,000,000 $11,000,000 83.33%
Deposit in Banks and S&L's $15,000,000 $15,000,000 0.00%
Mutual Funds $0 $0
All Other Investments $60,453,942 $55,170,235 -8.74%
Total Investments $218,457,296 $436,087,228 99.62%
       
Real Estate Loans $3,631,381,689 $3,943,647,242 8.60%
Auto Loans $1,252,548,740 $1,469,685,212 17.34%
All Other Loans $286,106,695 $369,762,576 29.24%
Total Loans $5,170,037,124 $5,783,095,030 11.86%
       
(Loan Loss Allow) ($34,185,276) ($42,348,323) 23.88%
       
Foreclosed & Repossessed Property $998,867 $3,432,521 243.64%
Land & Buildings $86,054,906 $107,567,960 25.00%
Other Fixed Assets $10,090,631 $11,259,959 11.59%
All Other Assets $167,410,621 $360,728,818 115.48%
TOTAL ASSETS $5,618,864,169 $6,659,823,193 18.53%
       
LIABILITIES & CAPITAL      
Dividends Payable $9,395 $57,201 508.85%
Notes Payable $720,000,000 $620,000,000 -13.89%
Reverse Repurchase Agreements $0 $0
Other Liabilities $70,138,292 $85,448,202 21.83%
Total Liabilities
$790,147,687 $705,505,403 -10.71%
       
Regular Shares & Deposits $1,379,166,006 $2,164,020,679 56.91%
Money Market Shares $516,922,421 $737,666,098 42.70%
Share Drafts $148,147,220 $249,516,837 68.42%
IRA & Keogh $235,032,725 $238,317,278 1.40%
Share Certificates $2,040,782,734 $1,961,730,907 -3.87%
Total Shares $4,320,051,106 $5,351,251,799 23.87%
       
Regular Reserve $172,542,054 $180,777,279 4.77%
FASB 115 Val Reserves $802,608 ($1,048,790) -230.67%
Undivided Earnings & Other Reserves $333,724,564 $421,741,352 26.37%
Equity Acquired in Merger $1,596,150 $1,596,150 0.00%
Total Reserves & Undivided Earnings $508,665,376 $603,065,991 18.56%
TOTAL LIABILITIES & CAPITAL $5,618,864,169 $6,659,823,193 18.53%
       
DELINQUENT LOANS      
2-6 Months Delinq. $21,934,697 $17,456,209 -20.42%
6-12 Months $10,239,655 $9,148,957 -10.65%
Over 12 Months $3,938,680 $5,119,672 29.98%
Total Delinquent Loans $36,113,032 $31,724,838 -12.15%
Bankruptcies $4,330,956 $4,718,443 8.95%
Net Chargeoff (Recov) $9,581,180 $10,785,098 12.57%
 
Loan Portfolio Profile   % of Total
Unsecured Credit Card $154,651,880 2.67%
All Other Unsecured $92,813,128 1.60%
Student Loans $11,241,802 0.19%
New Auto $520,192,859 9.00%
Used Auto $949,492,353 16.42%
1st Mortgage $3,375,051,641 58.36%
Other Real Estate $568,595,601 9.83%
Other Loans $123,020,106 2.13%
First Mtg Fixed Rate included in above 506,129,351 8.75%
Unused Credit/Tot. Invest+Cash 160.27%  
 
  YTD 2019 YTD 2020 %Chg
INCOME:  
Loans $117,742,596 $136,915,606 16.28%
(Less Rebates) $0 $0
Investments $2,561,605 $2,751,963 7.43%
Fee Income $9,246,634 $8,684,378 -6.08%
Trading + Other Operating $15,793,767 $26,417,939 67.27%
Total Income $145,344,602 $174,769,886 20.25%
       
EXPENSES:
Employee Compensation & Benefits $21,363,381 $28,798,807 34.80%
Travel & Conference $571,540 $456,524 -20.12%
Office Occupancy $2,949,815 $3,494,618 18.47%
Office Operations $6,129,189 $8,251,017 34.62%
Education & Promotional $3,873,443 $4,133,357 6.71%
Loan Servicing $4,698,623 $4,799,193 2.14%
Professional Services $3,268,259 $3,882,708 18.80%
Member Insurance $0 $0
Operating Fees $124,800 $158,032 26.63%
Miscellaneous $1,807,004 $8,954,906 395.57%
Operating Expense Subtotal $44,786,054 $62,929,162 40.51%
       
Provision for Loan Losses $11,658,703 $11,624,910 -0.29%
Operating Exp. + Provision for Loan Losses $56,444,757 $74,554,072 32.08%
       
Non-Operating Gain (Loss) ($74,518) ($570,702) -665.86%
Income before Dividends $88,825,327 $99,645,112 12.18%
Interest on Borrowed Funds $8,378,908 $7,307,614 -12.79%
Dividends $41,029,302 $42,775,337 4.26%
Net Income Prior to Assessments $39,417,117 $49,562,161 25.74%
Net NCUSIF & TCCUSIF Expenses $0 $0
Net Income $39,417,117 $49,562,161 25.74%
       
SELECTED OPERATING DATA:      
Branches * 18 27 50.00%
Members 194,051 228,863 17.94%
Potential Members 3,400,000 4,790,000 40.88%
Employees 455 599 31.65%
Members/Employee 426 382 -10.41%
Average Salary & Benefits/Employee $93,905 $96,156 2.40%
Total YTD Loan Originations $1,208,172,982 $2,147,973,943 77.79%
       
KEY RATIOS:
Operating Exp/Income 30.81% 36.01% 16.85%
Dividends/Income 28.23% 24.48% -13.30%
Net Income/Income 27.12% 28.36% 4.57%
Fee+Other Income/Income 17.23% 20.08% 16.58%
Return on Average Assets 1.43% 1.60% 11.35%
Loans/Assets 92.01% 86.84% -5.63%
Net Worth/Assets 9.08% 9.11% 0.29%
Delinquency 0.70% 0.55% -21.46%
% Invest Over 1 yr 31.90% 16.38% -48.65%
Mortgage-Backed Securities/Total Investments 0.00% 0.00%
Yield on Investments 2.46% 1.36% -44.60%
Yield on Loans 4.63% 4.92% 6.40%
Average Cost of Funds 1.95% 1.80% -9.77%
Gross Spread 2.95% 3.16% 6.94%
Average Loan Balance $26,492 $27,278 2.97%
Average Share Balance $22,262 $23,382 5.03%
Assets/Employee $12,349,152 $11,118,236 -9.97%
Avail for Sale/Total Investments 8.84% 0.00% -100.00%

* The number of branches is not available for the current quarter. The previous quarter's value is used in its place.
+ as currently reported by the NCUA
printer