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San Diego Metropolitan Credit Union 
April 2018

The financials contained in this page are unaudited.

Income Statement

  YTD April
Loan Interest Income $3,769,926.05 $934,146.38
Investments Interest Income $223,649.97 $53,789.85
Total Interest Income $3,993,576.02 $987,936.23
Deposit Interest Expense ($157,905.71) ($41,528.55)
Borrowing Expense ($0.00) ($0.00)
Total Interest Expense ($157,905.71) ($41,528.55)
Net Interest Margin $3,835,670.31 $946,407.68
Other Income $1,108,123.66 $244,765.75
Operating Expense ($4,004,814.91) ($1,028,222.52)
Provision For Loan Loss ($158,331.38) ($52,829.65)
Gross Income $5,101,699.68 $1,232,701.98
Gross Expense ($4,321,052.00) ($1,122,580.72)
Net Income $780,647.68 $110,121.26
 

Balance Sheet

Assets: April
Loans $230,202,759.91
Allowance for Loan Losses ($3,887,213.52)
Deferred Fees ($3,672,446.52)
Net Loans $222,643,099.87
Accounts Receivable $2,160,383.49
Cash & Equivalents $22,564,527.82
Investments $43,140,456.38
Fixed & Other Assets $10,802,700.60
Total Assets $276,586,256.85
Liabilities:  
Total Deposits $244,070,179.68
Accounts Payable & Other Liabilities $3,368,812.06
Total Liabilities $247,438,991.74
Equity:  
Retained Earnings $16,739,080.99
Regular Reserve $11,882,096.16
Current Earnings $780,647.68
Unrealized G/L ($254,559.72)
Total Equity $29,147,265.11
Total Liabilities & Equity $276,586,256.85

 

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