| | Jun 2019 | Jun 2020 | %Chg | | ASSETS | | | Cash & Cash Equivalents | $310,495,238 | $383,559,907 | 23.53% | | Government Securities | $4,159,422,608 | $4,422,007,724 | 6.31% | | Corporate CU | $900,000 | $900,000 | 0.00% | | Deposit in Banks and S&L's | $0 | $0 | | | Mutual Funds | $0 | $0 | | | All Other Investments | $27,565,728 | $67,250,010 | 143.96% | | Total Investments | $4,498,383,574 | $4,873,717,641 | 8.34% | | | | | | | Real Estate Loans | $3,661,208,427 | $4,235,441,494 | 15.68% | | Auto Loans | $288,098,438 | $277,811,110 | -3.57% | | All Other Loans | $110,302,173 | $99,923,562 | -9.41% | | Total Loans | $4,059,609,038 | $4,613,176,166 | 13.64% | | | | | | | (Loan Loss Allow) | ($5,199,395) | ($8,016,877) | 54.19% | | | | | | | | | | | Foreclosed & Repossessed Property | $0 | $31,307 | Infinity | | Land & Buildings | $11,990,185 | $11,650,836 | -2.83% | | Other Fixed Assets | $1,666,351 | $1,270,504 | -23.76% | | All Other Assets | $185,953,082 | $282,400,818 | 51.87% | | TOTAL ASSETS | $8,752,402,835 | $9,774,230,395 | 11.67% | | | | | | | LIABILITIES & CAPITAL | | | | | Dividends Payable | $0 | $0 | | | Notes Payable | $510,400,000 | $413,400,000 | -19.00% | | Reverse Repurchase Agreements | $0 | $0 | | | Other Liabilities | $72,502,000 | $136,981,346 | 88.93% | | Total Liabilities | $582,902,000 | $550,381,346 | -5.58% | | | | | | | Regular Shares & Deposits | $6,327,309,539 | $7,183,785,618 | 13.54% | | Money Market Shares | $0 | $0 | | | Share Drafts | $79,753,126 | $85,111,344 | 6.72% | | IRA & Keogh | $386,315,941 | $390,135,154 | 0.99% | | Share Certificates | $296,566,809 | $370,129,074 | 24.80% | | Total Shares | $7,089,945,415 | $8,029,161,190 | 13.25% | | | | | | | Regular Reserve | $56,850,821 | $56,850,821 | 0.00% | | FASB 115 Val Reserves | $22,821,689 | $94,477,633 | 313.98% | | Undivided Earnings & Other Reserves | $999,882,910 | $1,043,359,405 | 4.35% | | Equity Acquired in Merger | $0 | $0 | | | Total Reserves & Undivided Earnings | $1,079,555,420 | $1,194,687,859 | 10.66% | | TOTAL LIABILITIES & CAPITAL | $8,752,402,835 | $9,774,230,395 | 11.67% | | | | | | | DELINQUENT LOANS | | | | | 2-6 Months Delinq. | $2,596,625 | $1,992,709 | -23.26% | | 6-12 Months | $353,840 | $11,540 | -96.74% | | Over 12 Months | $11,930 | $123,956 | 939.03% | | Total Delinquent Loans | $2,962,395 | $2,128,205 | -28.16% | | Bankruptcies | $175,208 | $845,275 | 382.44% | | Net Chargeoff (Recov) | $423,455 | $220,635 | -47.90% | | | | | | Loan Portfolio Profile | | % of Total | | | Unsecured Credit Card | $40,289,057 | 0.87% | | All Other Unsecured | $9,114,003 | 0.20% | | Student Loans | $36,198,340 | 0.78% | | New Auto | $135,480,480 | 2.94% | | Used Auto | $142,330,630 | 3.09% | | 1st Mortgage | $3,947,070,103 | 85.56% | | Other Real Estate | $288,371,391 | 6.25% | | Other Loans | $70,966,097 | 1.54% | | First Mtg Fixed Rate included in above | 3,310,131,852 | 71.75% | | Unused Credit/Tot. Invest+Cash | 20.01% | | | | | | YTD 2019 | YTD 2020 | %Chg | | INCOME: | | | | | Loans | $76,877,522 | $73,697,847 | -4.14% | | (Less Rebates) | $0 | $0 | | | Investments | $44,884,464 | $44,106,529 | -1.73% | | Fee Income | $846,708 | $1,559,384 | 84.17% | | Trading + Other Operating | $4,858,064 | $4,081,113 | -15.99% | | Total Income | $127,466,758 | $123,444,873 | -3.16% | | | | | | | EXPENSES: | | | | Employee Compensation & Benefits | $20,729,720 | $30,397,127 | 46.64% | | Travel & Conference | $244,643 | $150,047 | -38.67% | | Office Occupancy | $1,461,001 | $1,489,724 | 1.97% | | Office Operations | $3,758,819 | $3,538,897 | -5.85% | | Education & Promotional | $943,465 | $1,195,292 | 26.69% | | Loan Servicing | $3,260,913 | $4,012,298 | 23.04% | | Professional Services | $2,481,205 | $2,753,858 | 10.99% | | Member Insurance | $0 | $0 | | | Operating Fees | $276,576 | $310,098 | 12.12% | | Miscellaneous | $1,162,978 | $1,439,092 | 23.74% | | Operating Expense Subtotal | $34,319,320 | $45,286,433 | 31.96% | | | | | | | Provision for Loan Losses | $857,151 | $2,915,346 | 240.12% | | Operating Exp. + Provision for Loan Losses | $35,176,471 | $48,201,779 | 37.03% | | | | | | | | | | | Non-Operating Gain (Loss) | ($622,519) | ($1,063,330) | -70.81% | | Income before Dividends | $91,667,768 | $74,179,764 | -19.87% | | Interest on Borrowed Funds | $6,691,778 | $5,402,714 | -19.26% | | Dividends | $65,541,219 | $51,095,379 | -22.04% | | Net Income Prior to Assessments | $19,434,771 | $17,681,671 | -9.02% | | Net NCUSIF & TCCUSIF Expenses | $0 | $0 | | | Net Income | $19,434,771 | $17,681,671 | -9.02% | | | | | | | SELECTED OPERATING DATA: | | | | | Branches | 6 | 6 | 0.00% | | Members | 107,974 | 111,436 | 3.21% | | Potential Members | 1,937,570 | 1,927,852 | -0.50% | | Employees | 206 | 211 | 2.68% | | Members/Employee | 525 | 528 | 0.52% | | Average Salary & Benefits/Employee | $201,749 | $288,124 | 42.81% | | Total YTD Loan Originations | $686,994,300 | $1,228,100,041 | 78.76% | | | | | | | KEY RATIOS: | | | | | Operating Exp/Income | 26.92% | 36.69% | 36.26% | | Dividends/Income | 51.42% | 41.39% | -19.50% | | Net Income/Income | 15.25% | 14.32% | -6.06% | | Fee+Other Income/Income | 4.48% | 4.57% | 2.09% | | Return on Average Assets | 0.45% | 0.38% | -16.39% | | Loans/Assets | 46.38% | 47.20% | 1.76% | | Net Worth/Assets | 12.07% | 11.26% | -6.77% | | Delinquency | 0.07% | 0.05% | -36.78% | | % Invest Over 1 yr | 75.39% | 75.43% | 0.05% | | Mortgage-Backed Securities/Total Investments | 62.43% | 62.34% | -0.14% | | Yield on Investments | 2.00% | 1.81% | -9.24% | | Yield on Loans | 3.84% | 3.29% | -14.34% | | Average Cost of Funds | 1.94% | 1.38% | -27.56% | | Gross Spread | 1.28% | 1.44% | 12.35% | | Average Loan Balance | $82,037 | $93,920 | 14.49% | | Average Share Balance | $65,663 | $72,052 | 9.73% | | Assets/Employee | $42,590,768 | $46,323,367 | 8.76% | | Avail for Sale/Total Investments | 92.79% | 0.00% | -100.00% | | |