| | Mar 2020 | Mar 2021 | %Chg | | ASSETS | | | Cash & Cash Equivalents | $403,195,842 | $446,049,551 | 10.63% | | Government Securities | $4,169,929,587 | $4,903,451,325 | 17.59% | | Corporate CU | $900,000 | $900,000 | 0.00% | | Deposit in Banks and S&L's | $0 | $0 | | | Mutual Funds | $0 | $0 | | | All Other Investments | $77,692,520 | $167,450,048 | 115.53% | | Total Investments | $4,651,717,949 | $5,517,850,924 | 18.62% | | | | | | | Real Estate Loans | $4,061,628,432 | $4,288,888,303 | 5.60% | | Auto Loans | $282,744,084 | $263,260,439 | -6.89% | | All Other Loans | $104,576,481 | $95,209,429 | -8.96% | | Total Loans | $4,448,948,997 | $4,647,358,171 | 4.46% | | | | | | | (Loan Loss Allow) | ($6,828,244) | ($8,630,869) | 26.40% | | | | | | | | | | | Foreclosed & Repossessed Property | $101,311 | $50,001 | -50.65% | | Land & Buildings | $11,732,783 | $11,691,172 | -0.35% | | Other Fixed Assets | $1,429,663 | $979,264 | -31.50% | | All Other Assets | $255,446,304 | $284,541,460 | 11.39% | | TOTAL ASSETS | $9,362,548,763 | $10,453,840,123 | 11.66% | | | | | | | LIABILITIES & CAPITAL | | | | | Dividends Payable | $0 | $0 | | | Notes Payable | $415,400,000 | $244,800,000 | -41.07% | | Reverse Repurchase Agreements | $0 | $0 | | | Other Liabilities | $130,431,912 | $105,346,579 | -19.23% | | Total Liabilities | $545,831,912 | $350,146,579 | -35.85% | | | | | | | Regular Shares & Deposits | $6,806,001,512 | $8,013,579,236 | 17.74% | | Money Market Shares | $0 | $0 | | | Share Drafts | $83,865,731 | $97,604,473 | 16.38% | | IRA & Keogh | $386,307,071 | $392,099,668 | 1.50% | | Share Certificates | $358,734,011 | $377,772,486 | 5.31% | | Total Shares | $7,634,908,325 | $8,881,055,863 | 16.32% | | | | | | | Regular Reserve | $56,850,821 | $56,850,821 | 0.00% | | FASB 115 Val Reserves | $84,077,861 | $40,833,275 | -51.43% | | Undivided Earnings & Other Reserves | $1,040,879,844 | $1,124,953,585 | 8.08% | | Equity Acquired in Merger | $0 | $0 | | | Total Reserves & Undivided Earnings | $1,181,808,526 | $1,222,637,681 | 3.45% | | TOTAL LIABILITIES & CAPITAL | $9,362,548,763 | $10,453,840,123 | 11.66% | | | | | | | DELINQUENT LOANS | | | | | 2-6 Months Delinq. | $2,469,035 | $1,074,762 | -56.47% | | 6-12 Months | $128,900 | $331,899 | 157.49% | | Over 12 Months | $539,552 | $0 | -100.00% | | Total Delinquent Loans | $3,137,487 | $1,406,661 | -55.17% | | Bankruptcies | $892,991 | $653,135 | -26.86% | | Net Chargeoff (Recov) | $116,065 | $76,808 | -33.82% | | | | | | Loan Portfolio Profile | | % of Total | | | Unsecured Credit Card | $38,470,694 | 0.83% | | All Other Unsecured | $12,647,455 | 0.27% | | Student Loans | $33,220,367 | 0.71% | | New Auto | $119,599,725 | 2.57% | | Used Auto | $143,660,714 | 3.09% | | 1st Mortgage | $4,017,102,692 | 86.44% | | Other Real Estate | $271,785,611 | 5.85% | | Other Loans | $60,222,580 | 1.30% | | First Mtg Fixed Rate included in above | 3,304,632,884 | 71.11% | | Unused Credit/Tot. Invest+Cash | 17.83% | | | | | | YTD 2020 | YTD 2021 | %Chg | | INCOME: | | | | | Loans | $38,941,132 | $30,516,329 | -21.63% | | (Less Rebates) | $0 | $0 | | | Investments | $23,110,977 | $17,110,298 | -25.96% | | Fee Income | $673,480 | $1,396,201 | 107.31% | | Trading + Other Operating | $1,991,137 | $2,081,327 | 4.53% | | Total Income | $64,716,726 | $51,104,155 | -21.03% | | | | | | | EXPENSES: | | | | Employee Compensation & Benefits | $6,838,165 | $946,050 | -86.17% | | Travel & Conference | $88,969 | $44,803 | -49.64% | | Office Occupancy | $744,470 | $709,438 | -4.71% | | Office Operations | $1,956,398 | $1,777,756 | -9.13% | | Education & Promotional | $735,339 | $537,999 | -26.84% | | Loan Servicing | $1,643,772 | $2,040,218 | 24.12% | | Professional Services | $1,418,351 | $1,418,131 | -0.02% | | Member Insurance | $0 | $0 | | | Operating Fees | $155,049 | $159,519 | 2.88% | | Miscellaneous | $719,200 | $897,013 | 24.72% | | Operating Expense Subtotal | $14,299,713 | $8,530,927 | -40.34% | | | | | | | Provision for Loan Losses | $1,622,144 | $48,650 | -97.00% | | Operating Exp. + Provision for Loan Losses | $15,921,857 | $8,579,577 | -46.11% | | | | | | | | | | | Non-Operating Gain (Loss) | ($939,831) | $504,122 | 153.64% | | Income before Dividends | $47,855,038 | $43,028,700 | -6.88% | | Interest on Borrowed Funds | $2,686,453 | $1,782,393 | -33.65% | | Dividends | $29,966,475 | $11,161,769 | -62.75% | | Net Income Prior to Assessments | $15,202,110 | $30,084,538 | 97.90% | | Net NCUSIF & TCCUSIF Expenses | $0 | $0 | | | Net Income | $15,202,110 | $30,084,538 | 97.90% | | | | | | | SELECTED OPERATING DATA: | | | | | Branches | 6 | 6 | 0.00% | | Members | 110,976 | 114,286 | 2.98% | | Potential Members | 1,927,852 | 6,726,324 | 248.90% | | Employees | 217 | 220 | 1.38% | | Members/Employee | 511 | 519 | 1.58% | | Average Salary & Benefits/Employee | $126,049 | $17,201 | -86.35% | | Total YTD Loan Originations | $470,244,801 | $1,514,149,381 | 221.99% | | | | | | | KEY RATIOS: | | | | | Operating Exp/Income | 22.10% | 16.69% | -24.45% | | Dividends/Income | 46.30% | 21.84% | -52.83% | | Net Income/Income | 23.49% | 58.87% | 150.61% | | Fee+Other Income/Income | 4.12% | 6.80% | 65.27% | | Return on Average Assets | 0.66% | 1.16% | 76.41% | | Loans/Assets | 47.52% | 44.46% | -6.45% | | Net Worth/Assets | 11.72% | 11.30% | -3.58% | | Delinquency | 0.07% | 0.03% | -57.08% | | % Invest Over 1 yr | 74.57% | 76.65% | 2.79% | | Mortgage-Backed Securities/Total Investments | 63.15% | 59.90% | -5.15% | | Yield on Investments | 1.99% | 1.24% | -37.51% | | Yield on Loans (including Loans Held-for-Sale) | 3.54% | 2.63% | -25.63% | | Average Cost of Funds | 1.66% | 0.58% | -64.89% | | Gross Spread | 1.42% | 1.47% | 3.58% | | Average Loan Balance | $88,775 | $96,707 | 8.94% | | Average Share Balance | $68,798 | $77,709 | 12.95% | | Assets/Employee | $43,145,386 | $47,517,455 | 10.13% | | Avail for Sale/Total Investments | 0.00% | 0.00% | | | |