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Consolidated Financial Statements April

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					Consolidated Financial Statements
            Unaudited

         April 30, 2012




                                    Contact Information:
                                            Todd Adams
                                   Chief Financial Officer
                                           630-276-2770
                             todd.adams@alloyacorp.org
June 8, 2012



To our members,

Alloya earned $2.3 million of net income for the four months ended April 30, 2012. April
earnings were favorably impacted from a decision by Alloya’s Board of Directors to terminate a
defined health care plan due to high administrative costs and a low number of participants. The
plan was terminated in April resulting in the reversal of $688,000 of accrued liabilities.

Alloya continues to execute on a financial plan to earn $3 million in 2012 to further bolster
retained earnings. When compared to the financial plan presented in the Private Placement
Memorandum, retained earnings are 3 ½ years ahead of schedule and the retained earnings
ratio of 1.3% is 4 ½ years ahead of the regulatory requirement of 1.0%.

From a capital standpoint, retained earnings were $22.7 million as of April 30, 2012. Regulatory
capital, which includes PCC, NCA and retained earnings, totaled $97.8 million and provided a
retained earnings ratio of 1.39% and a regulatory capital ratio of 5.96%. Alloya continues to add
capital members on a monthly basis. Since Alloya’s initial launch on October 24, 2011, 20 credit
unions have purchased in aggregate $2.3 million of PCC.

Alloya’s primary sources of funds are deposits by our credit union members in share and
certificate accounts which totaled $1.6 billion as of April 30, 2012. This represents a reduction of
$8.8 billion from the balance of $10.4 billion that existed as of April 30, 2011 as we worked with
credit unions to direct funds to the EBA program or to investment options available through our
wholly-owned CUSO, Balance Sheet Solutions, LLC.

Alloya uses the proceeds from share and certificate deposits to store liquidity, make loans to
credit unions and purchase high quality investments. On a daily basis, Alloya is helping credit
unions meet their liquidity needs through a settlement loan program which ensures they have
access to sufficient funds to meet their daily operational requirements.




Thank you,

Todd M. Adams
Chief Financial Officer
ALLOYA CORPORATE FEDERAL CREDIT UNION
CONSOLIDATED BALANCE SHEETS
APRIL 30, 2012
UNAUDITED
(in thousands)

                                                             April 30,
                                                  2012                   2011
Assets
Cash and cash equivalents                     $      509,014        $      7,294,940
Interest earning deposits                            414,955               1,527,745
Investment securities, at fair value                 479,847                     700
Loans, net                                           293,170                 321,904
Notes receivable                                         -                 1,245,307
Accrued income and other assets                       12,433                  13,164
        Total assets                          $    1,709,419        $     10,403,760

Liabilities and Equity
Liabilities
Shares and certificates                       $    1,607,042        $     10,371,748
Accrued expenses and other liabilities                 3,928                  13,454
          Total liabilities                        1,610,970              10,385,202

Members' equity
Perpetual contributed capital                            66,606                    -
Nonperpetual capital                                      8,546                    -
Retained earnings                                        22,675                 18,558
       Total members' capital                            97,827                 18,558

Accumulated other comprehensive gain (loss)              622                     -
     Total equity                                     98,449                  18,558
     Total liabilities and equity             $    1,709,419        $     10,403,760



Excess balance accounts                       $    3,707,561        $              -
ALLOYA CORPORATE FEDERAL CREDIT UNION
CONSOLIDATED STATEMENTS OF INCOME
AS OF APRIL 30, 2012
UNAUDITED
(in thousands)


                                                Month Ended                  Year-to-Date
                                                  April 30,                    April 30,
                                             2012           2011          2012           2011
Interest income
    Investments                          $       562    $     5,206   $     2,334    $    23,104
    Loans                                        907          1,085         3,670          4,412
        Total interest income                  1,469          6,291         6,004         27,516

Interest expense
    Members' accounts                            480          3,391         2,296         14,683
       Total interest expense                    480          3,391         2,296         14,683
          Net interest income                    989          2,900         3,708         12,833

Noninterest income
  Net fee income and other                     1,008          1,246         4,083          4,957
  Balance Sheet Solutions fee income             650            800         2,721          2,858
      Total noninterest income                 1,658          2,046         6,804          7,815

Noninterest expense
   Salaries and employee benefits                750          2,044         5,408          9,115
   Office operations                             185            233           646            950
   Office occupancy                              120            249           628          1,021
   Professional and outside services             212            180           694            659
   Training, travel and communications           135            124           499            528
   Other                                         113            202           481            796
       Total noninterest expense               1,515          3,032         8,356         13,069
Core net income                                1,132          1,914         2,156          7,579
Net gain on financial instruments                 44            -             178            -
Net income                               $     1,176    $     1,914   $     2,334    $     7,579
ALLOYA CORPORATE FEDERAL CREDIT UNION
CONSOLIDATED STATEMENT OF MEMBERS' EQUITY
AS OF APRIL 30, 2012
UNAUDITED
(in thousands)
                                                                                                  Accumulated
                                              Perpetual                                              Other
                                             Contributed      Nonperpetual          Retained     Comprehensive
                                               Capital          Capital             Earnings       Gain (Loss)

Balances as of January 1, 2012               $     64,646      $        8,546   $      20,505    $        252
Net increase in members' capital accounts             343                 -               -               -
Other comprehensive gain (loss)                       -                   -               -               207
Net income                                            -                   -             1,158             -
Dividends on perpetual contributed capital            -                   -              (124)            -
Balances as of March 31, 2012                      64,989               8,546          21,539             459
Net increase in members' capital accounts           1,617                 -               -               -
Other comprehensive gain (loss)                       -                   -               -               163
Net income                                            -                   -             1,176             -
Dividends on perpetual contributed capital            -                   -               (40)            -
Balances as of April 30, 2012                $     66,606      $        8,546   $      22,675    $        622




 REGULATORY CAPITAL INFORMATION
                                                                                   Capital
                                                            April 30,           Requirements
                                                              2012

 Perpetual contributed capital                      $                66,606
 Nonperpetual capital                                                 8,546
 Retained earnings                                                   22,675
    Total members' capital                                           97,827
 45% of unrealized gains on AFS securities                              280
 Less: Investment in CUSO                                              (617)
    Total capital                                   $                97,490

 Moving daily average net assets                    $           1,636,801
   Capital ratio                                                    5.96%           4.0%
   Retained earnings ratio                                          1.39%       .45% by 2013


 Moving monthly average net risk-weighted assets    $              212,666
   Total risk-based capital ratio                                   45.84%            8.0%

				
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