Page 5 - 2024 California Coast Credit Union Annual Report

Statement of Financial Condition
ASSETS
Cash and Cash Equivalents
Deposits in other financial institutions
Securities: Available-for-Sale
Securities: Held-to-Maturity
Securities: Other
Loans Held-for-Sale
Loans, Net
Accrued Interest Receivable
Premises and Equipment, Net
NCUSIF (National Credit Union Share Insurance Fund) Deposit Goodwill
Right-of-Use-Asset
Other Assets
TOTAL ASSETS
LIABILITIES AND MEMBERS’ EQUITY
Liabilities
Members’ Share and Savings Accounts Non-Member Certificates of Deposit Accrued Expenses and Other Liabilities Lease Liabilities
Total Liabilities
Members’ Equity
Regular Reserves
Undivided Earnings
Equity Acquired in Merger
Accumulated Other Comprehensive Loss
Total Members’ Equity
TOTAL LIABILITIES AND MEMBERS’ EQUITY
Consolidated Statements of Income
INTEREST INCOME
Loans
Securities, Interest Bearing Deposits, and Cash Equivalents
Total Interest Income
INTEREST EXPENSE
Members’ Share and Savings Accounts Non-member Certificates of Deposit Borrowed funds
Total Interest Expense
NET INTEREST INCOME
PROVISION FOR CREDIT LOSSES
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES NONINTEREST INCOME
Nonsufficient Funds (NSF) Deposit Fees
Other Deposit Service Charges and Fees
Interchange Income
Other Noninterest Income
Total Noninterest Income
NONINTEREST EXPENSE
General and Administrative
Employee Compensation and Benefits Office Occupancy
Office Operations
Other Operating Expenses
Total Noninterest Expense
March 31, 2024
$ 318,916 100 724,989 - 30,717 - 2,238,988 12,052 46,307 30,191 3,168 10,239 24,276
$ 3,439,943
$ 3,058,504 51,530 20,100 10,338 3,140,472
78,754 330,283 13,500 (123,066) 299,471
$ 3,439,943
AS OF (in thousands) March 31, 2023
$ 232,771 100 824,135 - 32,701 - 2,311,253 10,772 38,155 31,616 3,168 7,547 20,568
$ 3,512,786
$ 3,159,111 51,553 8,023 7,496 3,226,183
78,754 318,073 13,500 (123,724) 286,603
$ 3,512,786
FISCAL YEARS ENDED (in thousands)
March 31, 2024
$ 92,216 29,069 121,285
22,847 864 81 23,792
97,493 2,619 94,874
5,586
6,282 16,440 3,399 31,707
58,921 7,369 27,156 11,564 105,010
March 31, 2023
$ 76,764 23,487 100,251
7,302 838 - 8,140
92,111 1,895 90,216
2,190
8,784 16,120 17,805 44,899
50,335 7,047 26,774 10,478 94,634
NET INCOME
$ 21,571
$ 40,481