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San Diego Metropolitan Credit Union 
March 2017

The financials contained in this page are unaudited.

Income Statement

  YTD March
Loan Interest Income $2,728,506.53 $980,823.73
Investments Interest Income $149,904.96 $66,971.03
Total Interest Income $2,878,411.49 $1,047,794.76
Deposit Interest Expense ($97,473.21) ($34,020.27)
Borrowing Expense ($0.00) ($0.00) 
Total Interest Expense ($97,473.21) ($34,020.27)
Net Interest Margin $2,780,938.28 $1,013,774.49
Other Income $567,859.09 $195,412.32
Operating Expense ($2,993,834.10) ($973,734.84)
Provision For Loan Loss $240,461.58 $59,733.02
Gross Income $3,446,270.58 $1,243,207.08
Gross Expense ($2,850,845.73) ($948,022.09)
Net Income $595,424.85 $295,184.99
 

Balance Sheet

Assets: March
Loans $202,855,332.60
Allowance for Loan Losses ($3,702,221.21)
Deferred Fees ($5,704,015.30)
Net Loans $193,449,096.09
Accounts Receivable $136,964.21
Cash & Equivalents $44,072,306.60
Investments $63,779,498.22
Fixed & Other Assets $10,508,244.58
Total Assets $267,736,838.89
Liabilities:  
Total Deposits $239,605,547.22
Accounts Payable & Other Liab $2,095,246.26
Total Liabilities $241,700,793.48
Equity:  
Retained Earnings $13,505,798.39
Regular Reserve $11,882,096.16
Current Earnings $595,424.85
Unrealized G/L $52,726.01
Total Equity $26,036,045.41
Total Liabilities & Equity $267,736,838.89

 

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