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National Credit Union Service Organization

FIRSTMARK 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 FIRSTMARK CREDIT UNION as of: December 31, 2021.
Charter Number: 62509

ASSETS$ Amount
CASH:  
 1. Cash on Hand 6,583,236
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 48,915,215
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 77,230
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 435,820,636
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 745,000
 9. Loans to and investments in natural person credit unions 247,000
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 724,342
 12. All other investments in corporate credit unions 0
 13. All other investments 16,912,600
 14. TOTAL INVESTMENTS 454,526,808
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 662,065,740
 17. Less: Allowance for Loan & Lease Losses 3,919,288
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 1,977,528
 20. Land and Building 19,970,871
 21. Other Fixed Assets 4,536,238
 22. NCUA Share Insurance Capitalization Deposit 9,720,511
 23. Intangible Assets 24,655
 24. Other Assets 25,566,031
25. TOTAL ASSETS 1,229,967,545
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 59,406,653
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 59,406,653
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 179,204
 9. Accounts Payable and Other Liabilities 12,505,461
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 253,403,190
 12. Regular Shares 348,093,370
 13. Money Market Shares 226,583,134
 14. Share Certificates 187,487,210
 15. IRA/KEOGH Accounts 31,560,261
 16. All Other Shares 1,329,362
 17. TOTAL SHARES 1,048,456,527
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 1,048,456,527
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 1,329,362
 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) 104,551,259
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 7,225,988
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 47,838,812
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 560,976
EQUITY:  
 33. Undivided Earnings 100,574,517
 34. Regular Reserves 14,553,488
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 3,072,387
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) -3,282,957
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -5,497,735
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 1,229,967,545
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 27,716,814
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 4,938,289
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 32,655,103
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 665,957
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 1,883,283
 8. Interest on Borrowed Money 1,149,151
 9. TOTAL INTEREST EXPENSE 3,698,391
 10. Provision for Loan & Lease Losses -1,573,995
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 30,530,707
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 12,070,933
 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 1,651,933
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 99,092
 21. TOTAL NON-INTEREST INCOME 18,060,639
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 19,613,066
 23. Travel and Conference Expense 476,250
 24. Office Occupancy Expense 3,382,408
 25. Office Operations Expense 7,856,611
 26. Educational and Promotional Expenses 1,531,361
 27. Loan Servicing Expense 2,368,222
 28. Professional and Outside Services 7,694,050
 29. Total Member Insurance 39,723
 30. Operating Fees (Examination and/or supervision fees) 77,172
 31. Miscellaneous Operating Expenses 835,953
 32. TOTAL NON-INTEREST EXPENSE 43,874,816
33. NET INCOME (LOSS) 4,716,530
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 Loans10.3418,104$36,101,565
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans0.000$0
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans11.407,920$21,420,529
 5. New Vehicle Loans3.635,371$109,198,720
 6. Used Vehicle Loans4.1410,032$183,353,225
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.13376$4,048,816
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property7.142,803$212,763,816
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property4.51458$14,487,346
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured2.8449$70,856,047
 13. Commercial Loans/Lines of Credit Not Real Estate Secured5.8761$9,835,676
 14. TOTAL LOANS & LEASES45,174$662,065,740
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date10,007$441,378,824
  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 Staff36$927,150
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration0$0$0
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)0$0-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration20$8,656,115$8,656,115
  b. Other Government Guaranteed0$0$0