 |
 |
| INGERSOLL-RAND FEDERAL CREDIT UNION |
| BALANCE SHEET |
|
DECEMBER 31, 2011
|
| |
|
| |
|
|
ASSETS
|
|
| |
|
| Loans - Regular |
$ 15,232,542.00
|
| Loans - VISA Credit Cards |
712,191.14
|
| Loans - PHEAA |
1,050,881.75
|
| VISA Cash Advance |
0.00 |
| Student Choice Loans |
40,887.00 |
| Allowance for Loan Losses |
(124,305.98)
|
| Allowance for OP Losses |
(454.73) |
| |
|
| Cash In Bank |
631,423.62 |
| |
|
| Investments: |
|
| Mid-Atlantic Corporate FCU - Shares/Federal Funds |
3,187,289.86 |
| Mid-Atlantic Corporate FCU - MCSD |
257,404.13 |
| Various CD's (Held to Maturity) |
39,365,552.83 |
| Citizens & Northern Bank |
2,230,800.79 |
| |
|
| |
|
| |
|
| |
|
| Prepaid and Deferred Expenses |
30,057.41 |
| |
|
| Land |
100,000.00 |
| Building |
621,340.91 |
| Building - Depreciation |
(326,349.70) |
| Furniture and Equipment |
355,740.87 |
| Furniture and Equipment - Depreciation |
(235,352.17) |
| Other Accounts Receivable |
855.00 |
| Accrued Income - Investments |
72,489.89 |
| Accrued Income - Loans |
36,994.09 |
| Asset Held for Disposition |
0.00 |
| NCUSIF Insurance Fund |
510,044.17 |
| |
___________________ |
| |
|
| TOTAL ASSETS |
$ 63,932,850.75 |
| |
|
| |
|
| |
|
| LIABILITIES |
|
| |
|
| Accounts Payable |
$1,440.46 |
| Money Orders |
5,566.80 |
| VISA Chargeback in Process |
0.00 |
| VISA Adjustment in Process |
0.00 |
| MasterCard Chargeback in Process |
(140.00) |
| Various Payroll Taxes |
10,602.40 |
| Flood Expenditures |
0.00 |
| VISA Gift Cards |
0.00 |
| Accrued Dividends |
35,795.64 |
| Interest Refund Payable |
0.00 |
| Accrued Liability - Premium Assessment |
53,388.96 |
| Accrued Property Taxes/Accrued Annual Meeting Expense |
141.32 |
| Liability for Pension (FAS 158) |
354,977.04 |
| Other Liabilities |
611.45 |
| Unprocessed Data - Home Banking |
13,941.68
|
|
|
____________________ |
| TOTAL LIABILITIES |
$ 485,120.15 |
| |
|
| |
|
| MEMBER'S EQUITY |
|
| |
|
| Shares |
$ 30,751,425.43 |
| Member CD's |
6,969,758.63 |
| Member IRA's |
14,770,788.32 |
| |
|
| Regular Reserve |
609,048.98 |
| Undivided Earnings |
10,611,548.00
|
| Gain/Loss - Investsments |
277.20 |
| Unrealized Gain/Loss - Pension (FAS 158) |
(265,115.96) |
| |
____________________ |
| TOTAL EQUITY |
$ 63,447,730.60 |
| |
|
| TOTAL ASSETS |
$ 63,932,850.75
|
|
|
