2022 Patelco Annual Report (1) - Flipbook - Page 18
2022 Condensed Consolidated Financial Statements
Statement of Financial Condition (in thousands)
As of December 31, 2022 (unaudited)
Statement of Income (in thousands)
For the Year Ended December 31, 2022 (unaudited)
Assets
Interest Income
Loans
Investments and Cash Equivalents
Cash and Cash Equivalents
$
550,718
Investment Securities, Available for Sale
1 ,669,558
Investment Securities, Other
Loans, Net
44,088
6,442,444
Accrued Interest Receivable
24,160
Property and Equipment, Net
100,049
National Credit Union Share Insurance
Fund Deposit
73,423
Goodwill
24,410
144,836
$ 9,073,686
Liabilities
Members’ Shares
$
Borrowings
8,056,625
200,000
Accrued Expenses and Other Liabilities
70,646
Total Liabilities
8,327,271
Members’ Equity
Retained Earnings
$
Accumulated Other Comprehensive Loss
2022
ANNUAL REPORT
746,415
$
17
913,203
(166,788)
Total Members’ Equity
Total Liabilities and Members’ Equity
Total Interest Income
Interest Expense
Dividends
Borrowings
9,073,686
170,325
43,556
12,300
220,307
18,851
158,025
201,456
Net Interest Income
Provision for Loan Losses
Net Interest Income After Provision for Loan Losses
Noninterest Income
Service Charges and Other Fees
Card and Other Network Fees
Net (Loss) on Investment Securities
Net Gain on Sale of Loans
Other Noninterest Income
15,635
16,504
17,276
19,748
(6,053)
5,450
2,966
518
16,026
Total Noninterest Income
46,719
499
501
Noninterest Expense
Compensation and Benefits
Operations
Occupancy
Loan Servicing
6,611
98,549
58,178
20,227
4,046
Total Noninterest Expense
Net Income
$211,877
229,107
31,481
34,756
243,358
263,863
67,863
39,042
5 170
4,514
73,033
Total Interest Expense
Other Assets
Total Assets
$
181,000
$
67,175