Consolidated Balance Statement - Excel by jasonpeters

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									            PROVIDENT CREDIT UNION
       Consolidated Balance Sheet as of Mar 2009
BALANCE SHEET                            3/31/2009
                                         ACTUAL           12/31/2008
                                                           ACTUAL

ASSETS
Cash & Cash Equivalents                    10,264,619       25,356,081
Investments
 Short-Term Investments                   213,552,071      209,570,368
 Long-Term Investments                     88,976,772       92,409,674
 NCUA Federal Insurance                     2,679,728        2,643,337
 Other Investments                         17,574,455       17,574,455
    Total Investments                     322,783,026      322,197,834
Loans
 First Mortgage Real Estate Loans          683,619,746      730,428,077
 Equity & 2nd Mortgage Loans               143,654,627      146,707,620
 Commercial Real Estate Loans              195,635,859      184,114,362
 Auto Loans                                181,157,050      186,895,197
 Other Consumer Loans                       23,039,118       23,955,971
 Credit Card                                40,321,530       42,473,689
    Total Loans                          1,267,427,930    1,314,574,916
Allowance for Loan Losses                   (7,150,239)      (5,922,011)
    Total Loans-Net of ALL               1,260,277,691    1,308,652,905
Allowance for Share Loss                       (96,975)         (71,948)
    Total Provision                         (7,247,213)      (5,993,958)

Fixed Assets
 Land                                       7,510,980        7,510,980
 Buildings-Net                             21,522,315       21,743,363
 Leasehold Improvements-Net                 2,748,093        3,030,760
 Furniture, Fixtures & Equipment-Net        3,109,233        3,197,631
   Total Fixed Assets                      34,890,620       35,482,733
Other Assets
 Other Property Owned                          554,566                0
 Accounts Receivable                         1,754,365        1,193,425
 Accrued Interest Receivable                 6,732,298        6,512,407
 Other Assets                                4,225,200        3,818,507
   Total Other Assets                       13,266,429       11,524,339
   Total Assets                          1,641,385,413    1,703,213,893

LIABILITIES & EQUITY
Liabilities
 Deposits                                1,214,553,964    1,141,244,525
 Borrowed Funds                            235,000,000      370,000,000
 Dividends Payable                             123,329           66,095
 Accrued Liabilities                        13,619,584       14,538,791
   Total Liabilities                     1,463,296,877    1,525,849,412
Equity
 Regulatory Reserves                       30,856,369       30,856,369
 Unrealized Gain/(Loss) On Investments     (3,551,402)      (4,558,192)
 Retained Earnings                        150,783,568      151,066,305
   Total Equity                           178,088,535      177,364,482
Total Liabilities & Equity   1,641,385,413   1,703,213,893
             PROVIDENT CREDIT UNION
Consolidated Income Statement for the Period Ending March 31, 2009
        (Whole $)


    Current Period                   INCOME STATEMENT                Year To Date
Mar-09          Mar-08                                          Mar-09         Mar-08
                                Interest Income
3,137,817           3,093,516    First Mortgage Real Estate      9,703,210     9,274,336
  396,042             650,135    Equity & 2nd Mortgages          1,146,217     2,050,993
  842,661             790,861    Commercial Real Estate          2,549,134     2,396,911
  905,616           1,059,525    Auto Loans                      2,666,193     3,133,124
  173,358             216,785    Other Consumer                    512,391       645,955
  392,995             405,388    Credit Card                     1,184,794     1,227,198
5,848,490           6,216,210      Total Loan Interest          17,761,940    18,728,517
  305,498             421,641    Short-Term Investments          1,129,211       945,610
  201,502             417,831    Long-Term Investments             853,951     1,495,424
  506,999             839,472      Investment Interest           1,983,161     2,441,034
6,355,489           7,055,682      Total Interest Income        19,745,101    21,169,551

                              Interest Expense
2,447,279           2,993,792 Deposit Interest                   7,263,023     8,853,220
  920,222           1,020,120 Other Interest Expense             2,835,276     3,106,724
3,367,501           4,013,912    Total Interest Expense         10,098,299    11,959,943
2,987,988           3,041,770    Net Interest Income             9,646,801     9,209,608
  923,366             806,806 Provision for Loan Loss            3,416,914     1,358,467
2,064,622           2,234,964    Net Int Income After PLL        6,229,887     7,851,141
   25,000              30,000 Share Provision                       55,537        60,000
  948,366             836,806    Total Provision                 3,472,451     1,418,467

                                Non-Interest Income
  205,416             165,518    Loan Fees                         533,898       409,969
  167,662             125,655    Visa Fees                         423,252       422,479
  431,703             339,073    Checking Fees                   1,178,710     1,050,714
   41,679              47,700    Deposit Fees                      132,218       146,632
   19,383              25,237    ATM Fees                           54,534        70,792
   31,149              37,124    FSCC Fees                         104,222       119,245
  186,008              95,482    Insurance & Investment Fees       321,879       281,280
  216,944             152,872    Tenant Rent                       675,090       446,541
   38,274              43,685    Miscellaneous Income               53,405       110,814
1,338,218           1,032,348      Total Non-Interest Income     3,477,208     3,058,466

                                Operating Expenses
1,861,277           1,958,998    Compensation                    5,688,388     6,042,110
  454,553             585,852    Other Direct Expenses           1,420,886     1,676,148
  439,092             405,065    Occupancy                       1,320,741     1,246,049
  257,817             232,469    Equipment                         676,602       633,495
  427,231             384,389    Loan, Deposit & ATM Expenses    1,322,921     1,195,368
   23,001              89,779    Miscellaneous Expense             176,316       244,414
3,462,970           3,656,552     Total Operating Expenses      10,605,854    11,037,584

  (85,130)          (419,240)  Net Operating Income               (954,295)     (187,978)
  138,583            928,006 Gain/(Loss) On Asset Sales            671,559     1,006,409
   53,454            508,766   Net Income                         (282,736)      818,431
e Period Ending March 31, 2009

								
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