Financial Highlights
As a member-owned organization, we are committed to transparency. Below are our financial highlights from the past two years.
Statements of Financial Condition | 2020 | 2019 | % Change |
---|---|---|---|
Cash and Cash Equivalents | $255,108 | $191,337 | 33.33 |
Investments | 2,418,832 | 1,872,229 | 29.20 |
Loans (Net of Allowance for Loan Losses) | 3,213,918 | 3,060,252 | 5.02 |
Other Assets | 72,780 | 64,687 | 12.51 |
Total Assets | 5,960,638 | 5,188,505 | 14.88 |
Deposits | 5,194,868 | 4,500,060 | 15.44 |
Other Liabilities | 42,535 | 41,563 | 2.34 |
Members' Equity | 683,600 | 638,186 | 7.12 |
Total Liabilities and Members' Equity | 5,960,638 | 5,188,505 | 14.88 |
Statements of Income | 2020 | 2019 | % Change |
---|---|---|---|
Interest Income | $141,975 | $152,294 | (6.78) |
Interest Expense (Dividends) | 34,881 | 44,333 | (21.32) |
Net Interest Income | 107,094 | 107,961 | (0.80) |
Provision for Loan Losses | 2,093 | 3,984 | (47.46) |
Noninterest Income | 16,593 | 17,677 | (6.13) |
Noninterest Expense | 76,180 | 77,379 | (1.55) |
Net Income | 45,414 | 44,275 | 2.57 |
Key Equity Ratios | 2020 | 2019 | % Change |
---|---|---|---|
Members' Equity to Deposits | 13.16% | 14.18% | 0.32 |
Members' Equity to Total Assets | 11.47% | 12.30% | 0.46 |
Other Highlights | 2020 | 2019 | % Change |
---|---|---|---|
Mortgage Servicing Portfolio | $162,275 | $206,294 | (21.34) |
Operating Expense to Assets | 1.40% | 1.57% | (10.83) |
Members | 89,733 | 89,925 | (0.21) |
Digital Banking Users | 52,230 | 53,079 | (1.60) |
(In Thousands, US) |