| | Sep 2019 | Sep 2020 | %Chg | | ASSETS | | | Cash & Cash Equivalents | $302,742,281 | $503,772,263 | 66.40% | | Government Securities | $4,156,693,132 | $4,508,209,396 | 8.46% | | Corporate CU | $900,000 | $900,000 | 0.00% | | Deposit in Banks and S&L's | $0 | $0 | | | Mutual Funds | $0 | $0 | | | All Other Investments | $37,565,372 | $67,249,997 | 79.02% | | Total Investments | $4,497,900,785 | $5,080,131,656 | 12.94% | | | | | | | Real Estate Loans | $3,798,771,807 | $4,225,818,627 | 11.24% | | Auto Loans | $289,094,834 | $273,459,851 | -5.41% | | All Other Loans | $110,610,092 | $100,972,856 | -8.71% | | Total Loans | $4,198,476,733 | $4,600,251,334 | 9.57% | | | | | | | (Loan Loss Allow) | ($5,223,657) | ($8,431,345) | 61.41% | | | | | | | | | | | Foreclosed & Repossessed Property | $3,033 | $16,549 | 445.63% | | Land & Buildings | $11,901,425 | $11,875,193 | -0.22% | | Other Fixed Assets | $1,647,664 | $1,182,408 | -28.24% | | All Other Assets | $206,226,485 | $290,292,019 | 40.76% | | TOTAL ASSETS | $8,910,932,468 | $9,975,317,814 | 11.94% | | | | | | | LIABILITIES & CAPITAL | | | | | Dividends Payable | $0 | $0 | | | Notes Payable | $470,400,000 | $244,800,000 | -47.96% | | Reverse Repurchase Agreements | $0 | $0 | | | Other Liabilities | $78,774,329 | $133,133,170 | 69.01% | | Total Liabilities | $549,174,329 | $377,933,170 | -31.18% | | | | | | | Regular Shares & Deposits | $6,466,554,747 | $7,503,128,933 | 16.03% | | Money Market Shares | $0 | $0 | | | Share Drafts | $77,040,827 | $86,993,396 | 12.92% | | IRA & Keogh | $388,915,279 | $397,392,291 | 2.18% | | Share Certificates | $328,929,910 | $396,099,868 | 20.42% | | Total Shares | $7,261,440,763 | $8,383,614,488 | 15.45% | | | | | | | Regular Reserve | $56,850,821 | $56,850,821 | 0.00% | | FASB 115 Val Reserves | $30,937,393 | $88,776,982 | 186.96% | | Undivided Earnings & Other Reserves | $1,012,529,162 | $1,068,142,353 | 5.49% | | Equity Acquired in Merger | $0 | $0 | | | Total Reserves & Undivided Earnings | $1,100,317,376 | $1,213,770,156 | 10.31% | | TOTAL LIABILITIES & CAPITAL | $8,910,932,468 | $9,975,317,814 | 11.94% | | | | | | | DELINQUENT LOANS | | | | | 2-6 Months Delinq. | $1,442,516 | $1,775,517 | 23.08% | | 6-12 Months | $873,676 | $46,713 | -94.65% | | Over 12 Months | $0 | $10,160 | Infinity | | Total Delinquent Loans | $2,316,192 | $1,832,390 | -20.89% | | Bankruptcies | $322,280 | $1,586,155 | 392.17% | | Net Chargeoff (Recov) | $745,756 | $349,978 | -53.07% | | | | | | Loan Portfolio Profile | | % of Total | | | Unsecured Credit Card | $40,868,722 | 0.89% | | All Other Unsecured | $13,962,082 | 0.30% | | Student Loans | $35,188,710 | 0.76% | | New Auto | $128,899,847 | 2.80% | | Used Auto | $144,560,004 | 3.14% | | 1st Mortgage | $3,946,601,569 | 85.79% | | Other Real Estate | $279,217,058 | 6.07% | | Other Loans | $51,846,280 | 1.13% | | First Mtg Fixed Rate included in above | 3,279,181,972 | 71.28% | | Unused Credit/Tot. Invest+Cash | 18.92% | | | | | | YTD 2019 | YTD 2020 | %Chg | | INCOME: | | | | | Loans | $115,870,416 | $107,771,198 | -6.99% | | (Less Rebates) | $0 | $0 | | | Investments | $67,945,615 | $63,305,047 | -6.83% | | Fee Income | $1,370,061 | $2,866,273 | 109.21% | | Trading + Other Operating | $6,978,294 | $6,037,892 | -13.48% | | Total Income | $192,164,386 | $179,980,410 | -6.34% | | | | | | | EXPENSES: | | | | Employee Compensation & Benefits | $28,514,527 | $31,694,590 | 11.15% | | Travel & Conference | $451,661 | $181,853 | -59.74% | | Office Occupancy | $2,229,519 | $2,246,931 | 0.78% | | Office Operations | $5,715,174 | $5,380,933 | -5.85% | | Education & Promotional | $1,674,888 | $1,672,628 | -0.13% | | Loan Servicing | $4,999,750 | $6,010,147 | 20.21% | | Professional Services | $3,819,155 | $4,107,799 | 7.56% | | Member Insurance | $0 | $0 | | | Operating Fees | $426,047 | $469,618 | 10.23% | | Miscellaneous | $1,815,297 | $2,330,384 | 28.37% | | Operating Expense Subtotal | $49,646,018 | $54,094,883 | 8.96% | | | | | | | Provision for Loan Losses | $1,203,717 | $3,459,159 | 187.37% | | Operating Exp. + Provision for Loan Losses | $50,849,735 | $57,554,042 | 13.18% | | | | | | | | | | | Non-Operating Gain (Loss) | ($366,252) | ($948,831) | -159.07% | | Income before Dividends | $140,948,399 | $121,477,537 | -14.20% | | Interest on Borrowed Funds | $9,673,549 | $10,322,831 | 6.71% | | Dividends | $99,193,828 | $68,690,087 | -30.75% | | Net Income Prior to Assessments | $32,081,022 | $42,464,619 | 32.37% | | Net NCUSIF & TCCUSIF Expenses | $0 | $0 | | | Net Income | $32,081,022 | $42,464,619 | 32.37% | | | | | | | SELECTED OPERATING DATA: | | | | | Branches | 6 | 6 | 0.00% | | Members | 109,374 | 112,741 | 3.08% | | Potential Members | 1,937,570 | 1,927,852 | -0.50% | | Employees | 211 | 214 | 1.18% | | Members/Employee | 518 | 528 | 1.87% | | Average Salary & Benefits/Employee | $180,187 | $197,937 | 9.85% | | Total YTD Loan Originations | $1,182,655,200 | $2,046,320,670 | 73.03% | | | | | | | KEY RATIOS: | | | | | Operating Exp/Income | 25.84% | 30.06% | 16.34% | | Dividends/Income | 51.62% | 38.17% | -26.06% | | Net Income/Income | 16.69% | 23.59% | 41.33% | | Fee+Other Income/Income | 4.34% | 4.95% | 13.88% | | Return on Average Assets | 0.49% | 0.59% | 21.46% | | Loans/Assets | 47.12% | 46.12% | -2.12% | | Net Worth/Assets | 12.00% | 11.28% | -6.02% | | Delinquency | 0.06% | 0.04% | -27.80% | | % Invest Over 1 yr | 75.01% | 74.55% | -0.61% | | Mortgage-Backed Securities/Total Investments | 62.89% | 59.41% | -5.53% | | Yield on Investments | 2.02% | 1.66% | -17.46% | | Yield on Loans | 3.79% | 3.21% | -15.32% | | Average Cost of Funds | 1.94% | 1.28% | -32.97% | | Gross Spread | 1.28% | 1.45% | 12.78% | | Average Loan Balance | $83,931 | $94,071 | 12.08% | | Average Share Balance | $66,391 | $74,362 | 12.01% | | Assets/Employee | $42,231,907 | $46,722,800 | 10.63% | | Avail for Sale/Total Investments | 92.96% | 0.00% | -100.00% | | |