| SOUTHSIDE CREDIT UNION |
| STATEMENT OF CONDITION |
| 12/31/2009 |
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ASSETS: |
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| LOANS TO MEMBERS |
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BUSINESS LOANS |
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358,977.43 |
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Loans used for business purpose |
280,299.79 |
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AGRICULTURE LOANS |
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12,067.19 |
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CONSUMER LOANS |
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28,227,544.33 |
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Assets avail for sale |
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281,083.68 |
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LOAN PARTICIPATIONS SOLD |
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-522,343.57 |
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LOAN LOSS RESERVE |
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-356,587.17 |
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| TOTAL LOANS (net participations & reserves) |
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28,281,041.68 |
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| CASH ON HAND & AT CORRESPONDENTS |
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283,281.14 |
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| OTHER INVESTMENTS |
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1,481,248.05 |
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| OTHER C.U. CERTIFICATES |
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1,100,000.00 |
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| NCUA INSURANCE FUND |
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488,348.34 |
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| NCUSIF IMPAIRMENT |
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-199,384.83 |
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| FIXED ASSETS |
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2,187,717.90 |
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| ACCRUED INTEREST |
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118,273.32 |
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TOTAL ASSETS: |
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33,740,525.60 |
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LIABILITIES: |
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| NCUSIF INSURANCE ADJUSTMENT |
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0.00 |
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| ACCOUNTS PAYABLE |
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49,416.79 |
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| DIVIDENDS PAYABLE |
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61,160.01 |
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| ACCRUED EXPENSE |
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131,459.77 |
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| CL INSURANCE RESERVE |
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1,407.85 |
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| OTHER |
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7,070.06 |
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TOTAL LIABILITIES |
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250,514.48 |
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SHARES / EQUITY: |
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| REGULAR SHARE SAVINGS |
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3,919,704.31 |
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| CHECKING |
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4,649,960.92 |
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| IRA Plans |
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1,841,347.09 |
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| CERTIFICATES OF DEPOSITS |
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19,204,668.01 |
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| MONEY MARKET CHECKING |
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1,639,559.32 |
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| OTHER SAVINGS |
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72,899.68 |
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TOTAL DEPOSIT |
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31,328,139.33 |
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| REGULAR RESERVES |
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773,990.73 |
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| EARNINGS: UNDIVIDED |
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1,739,470.01 |
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| 2009 NCUSIF MANDATORY EXPENSE |
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-45,577.93 |
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| NET INCOME (loss) |
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-306,011.02 |
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| TOTAL RESERVES & UNDIVIDED EARNINGS |
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2,161,871.79 |
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TOTAL EQUITY |
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33,490,011.12 |
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TOTAL LIABILITIES & EQUITY |
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33,740,525.60 |
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Statement Of Condition
