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National Credit Union Service Organization

RIVERMARK COMMUNITY CREDIT UNION
— Statement of Financial Condition

Then NCUA provides quarterly Call Reports using accounting and statistical information from each credit union. The Call Report includes Balance Sheet, Income Statement and more.

Statement of financial condition for RIVERMARK COMMUNITY CREDIT UNION as of: December 31, 2023.
Charter Number: 65644

ASSETS$ Amount
CASH:  
 1. Cash on Hand 20,222,267
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 91,671,851
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 0
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 418,614,724
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 0
 9. Loans to and investments in natural person credit unions 0
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 0
 12. All other investments in corporate credit unions 0
 13. All other investments 0
 14. TOTAL INVESTMENTS 0
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 404,000
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 852,652,530
 17. Less: Allowance for Loan & Lease Losses 0
 18: Less: Allowance for Credit Losses on Loans & Leases 7,513,952
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 161,702
 20. Land and Building 7,762,205
 21. Other Fixed Assets 6,681,960
 22. NCUA Share Insurance Capitalization Deposit 10,752,807
 23. Intangible Assets 0
 24. Other Assets 0
25. TOTAL ASSETS 1,448,214,616
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 155,000,000
 2. Other Notes, Promissory Notes and Interest Payable 0
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 155,000,000
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 27,152,048
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 381,174,866
 12. Regular Shares 330,437,654
 13. Money Market Shares 262,928,501
 14. Share Certificates 179,459,536
 15. IRA/KEOGH Accounts 31,883,181
 16. All Other Shares 0
 17. TOTAL SHARES 1,185,883,738
 18. Nonmember Deposits 1,000
 19. TOTAL SHARES AND DEPOSITS 1,185,884,738
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 0
 24. Employee Benefit Nonmember Shares 0
 25. 529 Plan Member Deposits 0
 26. Non-dollar denominated deposits 0
 27. Health Savings Account 0
 28. Dollar Amount of Share Certificates equal to or greater than $100,000 (Excluding brokered share certificates participated out by the broker in shares of less than $100,000) 87,836,373
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 10,203,266
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 78,296,427
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 304,533
EQUITY:  
 33. Undivided Earnings 129,845,122
 34. Regular Reserves 0
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 1,515,914
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -51,183,206
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 1,448,214,616
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 49,056,906
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 14,021,296
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 63,078,202
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 106,759
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 10,156,999
 8. Interest on Borrowed Money 7,671,247
 9. TOTAL INTEREST EXPENSE 17,935,005
 10. Provision for Loan & Lease Losses 0
 11. Total Credit Loss Expense 6,017,643
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 0
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 6,438,815
 14. Other Operating Income (Includes unconsolidated CUSO Income and Gain (Loss) associated with the Hedged Item (NonInvestment Assets) in a Non-Trading, Fair Value (FV) Derivatives Hedge) 0
 15. Gain (Loss) on Equity Securities (DO NOT include Gain (Loss) on other securities) 0
 16. Gain (Loss) on Other Securities (DO NOT include Gain or Loss on Equity Securities) 0
 17. Gain (Loss) on Non-Trading Derivatives 0
 18. Gain (Loss) on Disposition of Fixed Assets 8,903
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 13,337
 21. TOTAL NON-INTEREST INCOME 22,039,741
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 30,486,333
 23. Travel and Conference Expense 707,170
 24. Office Occupancy Expense 2,476,882
 25. Office Operations Expense 6,776,367
 26. Educational and Promotional Expenses 1,865,205
 27. Loan Servicing Expense 2,757,200
 28. Professional and Outside Services 6,600,693
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 94,166
 31. Miscellaneous Operating Expenses 1,123,213
 32. TOTAL NON-INTEREST EXPENSE 52,887,229
33. NET INCOME (LOSS) 8,278,066
RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE  
 34. Transfer to Regular Reserves 0
Interest Rate# LoansAmount
Non-Commercial Loans/Lines of Credit
 1. Unsecured Credit Card Loans21.6524,456$87,173,511
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans3.50233$6,351,777
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans12.955,196$29,228,815
 5. New Vehicle Loans7.042,132$46,910,554
 6. Used Vehicle Loans6.948,287$107,866,171
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit8.491,206$27,854,497
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property6.751,369$301,270,848
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property8.742,849$127,332,746
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured7.5074$115,563,679
 13. Commercial Loans/Lines of Credit Not Real Estate Secured14.5028$3,099,932
 14. TOTAL LOANS & LEASES45,830$852,652,530
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date7,836$192,528,004
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date0$0
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff24$2,984,149
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration4$7,991$0
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)4$7,991-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration13$1,178,127$1,177,929
  b. Other Government Guaranteed2$297,138$297,138