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 O BEE CREDIT UNION as of: December 31, 2023.
Charter Number: 60059
| ASSETS | $ Amount |
|---|---|
| CASH: | |
| 1. Cash on Hand | 6,937,054 |
| 2. Cash on Deposit (Amounts Deposited in Financial Institutions) | 70,857,199 |
| 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 | 0 |
| 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 | 0 |
| LOANS AND LEASES: | |
| 16. TOTAL LOANS & LEASES | 506,942,809 |
| 17. Less: Allowance for Loan & Lease Losses | 0 |
| 18: Less: Allowance for Credit Losses on Loans & Leases | 7,060,561 |
| OTHER ASSETS: | |
| 19. Foreclosed and Repossessed Assets | 731,336 |
| 20. Land and Building | 5,393,488 |
| 21. Other Fixed Assets | 1,995,152 |
| 22. NCUA Share Insurance Capitalization Deposit | 4,314,898 |
| 23. Intangible Assets | 0 |
| 24. Other Assets | 0 |
| 25. TOTAL ASSETS | 602,933,268 |
| LIABILITIES | $ Amount |
|---|---|
| 1. Draws Against Lines of Credit | 69,999,996 |
| 2. Other Notes, Promissory Notes and Interest Payable | 0 |
| 3. Borrowing Repurchase Transactions | 0 |
| 4. Subordinated Debt | 11,600,000 |
| 5. Subordinated Debt included in Net Worth | 11,600,000 |
| 6. TOTALS | 81,599,996 |
| 7. Non-Trading Derivative Liabilities | 0 |
| 8. Accrued Dividends & Interest Payable on Shares & Deposits | 0 |
| 9. Accounts Payable and Other Liabilities | 7,791,306 |
| 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures | 97,858 |
| SHARES/DEPOSITS: | |
| 11. Share Drafts | 115,347,845 |
| 12. Regular Shares | 109,894,279 |
| 13. Money Market Shares | 74,423,253 |
| 14. Share Certificates | 160,757,122 |
| 15. IRA/KEOGH Accounts | 14,874,315 |
| 16. All Other Shares | 148,806 |
| 17. TOTAL SHARES | 475,445,620 |
| 18. Nonmember Deposits | 0 |
| 19. TOTAL SHARES AND DEPOSITS | 475,445,620 |
| 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) | 91,332,539 |
| 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 | 5,484,560 |
| 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 | 65,314,045 |
| 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit | 122,073 |
| EQUITY: | |
| 33. Undivided Earnings | 35,921,434 |
| 34. Regular Reserves | 0 |
| 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) | 0 |
| 36. Other Reserves.(Appropriations of Undivided Earnings) | 2,077,054 |
| 37. Equity Acquired in Merger | 0 |
| 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 | 0 |
| 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 | 602,933,268 |
| Statement of Income & Expense | $ Amount |
|---|---|
| INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE | |
| 1. Interest on Loans (Gross-before interest refunds) | 26,679,199 |
| 2. (Less) Interest Refunded | 0 |
| 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) | 2,648,966 |
| 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities | 0 |
| 5. TOTAL INTEREST INCOME | 29,328,165 |
| INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE | |
| 6. Dividends on Shares (Includes dividends earned during current period) | 5,164,124 |
| 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) | 0 |
| 8. Interest on Borrowed Money | 2,784,060 |
| 9. TOTAL INTEREST EXPENSE | 7,948,184 |
| 10. Provision for Loan & Lease Losses | 0 |
| 11. Total Credit Loss Expense | 2,507,992 |
| 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 | 3,459,229 |
| 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 | 1,637 |
| 19. Gain from Bargain Purchase (Merger) | 0 |
| 20. Other Non-operating Income (Expense) | 553,507 |
| 21. TOTAL NON-INTEREST INCOME | 8,182,326 |
| NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE | |
| 22. Total Employee Compensation and Benefits | 13,275,699 |
| 23. Travel and Conference Expense | 147,042 |
| 24. Office Occupancy Expense | 1,294,431 |
| 25. Office Operations Expense | 4,627,633 |
| 26. Educational and Promotional Expenses | 961,296 |
| 27. Loan Servicing Expense | 2,158,520 |
| 28. Professional and Outside Services | 1,805,763 |
| 29. Total Member Insurance | 0 |
| 30. Operating Fees (Examination and/or supervision fees) | 60,312 |
| 31. Miscellaneous Operating Expenses | 566,391 |
| 32. TOTAL NON-INTEREST EXPENSE | 24,897,087 |
| 33. NET INCOME (LOSS) | 2,157,228 |
| RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE | |
| 34. Transfer to Regular Reserves | 0 |
| Interest Rate | # Loans | Amount | |
|---|---|---|---|
| Non-Commercial Loans/Lines of Credit | |||
| 1. Unsecured Credit Card Loans | 12.00 | 5,566 | $17,830,120 |
| 2. Payday Alternative Loans (PALs I and PALs II) | 0.00 | 0 | $0 |
| 3. Non-Federally Guaranteed Student Loans | 3.49 | 164 | $218,514 |
| 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans | 28.00 | 2,059 | $9,514,834 |
| 5. New Vehicle Loans | 8.74 | 1,000 | $28,179,601 |
| 6. Used Vehicle Loans | 8.74 | 5,666 | $101,604,867 |
| 7. Leases Receivable | 0.00 | 0 | $0 |
| 8. All Other Secured Non-Real Estate Loans/Lines of Credit | 8.99 | 658 | $20,130,766 |
| 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property | 7.25 | 714 | $129,481,616 |
| 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property | 7.25 | 1,839 | $152,520,440 |
| 11. All Other Real Estate Loans/Lines of Credit | 0.00 | 0 | $0 |
| Commercial Loans / Lines of Credit | |||
| 12. Commercial Loans/Lines of Credit Real Estate Secured | 9.50 | 68 | $46,560,355 |
| 13. Commercial Loans/Lines of Credit Not Real Estate Secured | 4.00 | 68 | $901,696 |
| 14. TOTAL LOANS & LEASES | 17,802 | $506,942,809 | |
| YEAR-TO-DATE LOAN INFORMATION | Number | Amount | |
| 15. Loans Granted Year-to-Date | 3,563 | $86,232,679 | |
| a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date | 0 | $0 | |
| MISCELLANEOUS LOAN INFORMATION | Number | Amount | |
| 16. Non-Federally Guaranteed Student Loans in Deferred Status | 0 | $0 | |
| 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff | 25 | $495,708 | |
| GOVERNMENT GUARANTEED LOANS | Number | Outstanding Balance | Guaranteed Portion |
| 18. Non-Commercial Loans | |||
| a. 1. Small Business Administration | 2 | $11,640 | $11,640 |
| a. 2. Paycheck Protection Program Loans (Included in 18.a.1.) | 2 | $11,640 | - |
| b. Other Government Guaranteed | 0 | $0 | $0 |
| 19. Commercial Loans | |||
| a. Small Business Administration | 15 | $6,891,314 | $1,786,279 |
| b. Other Government Guaranteed | 0 | $0 | $0 |