| Balance Sheet As of December 31, 2011 |
| Assets |
(in thousands) |
| Loans to Members |
$682,166 |
| Investments (Fair Market Value) |
381,209 |
| Property and Equipment |
24,952 |
| Other Assets |
17,023 |
| Total Assets |
$1,105,350 |
| Liabilities |
|
| Member Shares |
$842,801 |
| Long Term Borrowings |
100,787 |
| Other Liabilities |
12,166 |
| Total Liabilities |
955,754 |
| Members Equity |
149,596 |
| Total Liabilities and Members Equity |
$1,105,350 |
|
Statement of Revenues and Expenses
For the Twelve Months Ending December 31, 2011
|
| Income |
|
| Loan & Investment Interest |
$48,976 |
| Service Charges & Fees |
7,011 |
| Miscellaneous Income |
4,296 |
| Total Income |
60,283 |
| Expenses |
|
| Operating Expenses |
33,807 |
| Income Before Dividend & Interest Expense |
26,476 |
| Dividend and Interest Expense |
13,740 |
| Net Income |
$12,735 |
We certify, to the best of our knowledge and belief, these statements are true and present fairly the financial position and results of operations for the periods covered.
|
| Jack Pontious |
Tim Lyons
|
Shelby Beil
|
| Chairman of the Board |
President/CEO |
VP/Chief Financial Officer |
|
