Navy Federal Credit Union 2013 Annual Report Download - page 22
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Navy Federal Credit Union • 2013 Financial Section
2
2013 ANNUAL REPORT
Consolidated Statements of Financial Condition
(dollars in thousands)
Assets
Cash $ 501,906 $ 366,496
Short-term investments 415,003 1,785,003
Securities available-for-sale 11,903,235 12,679,523
Securities held-to-maturity 377,034 469,752
Mortgage loans awaiting sale 507,948 1,442,868
Loans to members, net of allowance for loan losses of $639,239
at December 31, 2013 and $634,227 at December 31, 2012 38,977,357 33,180,033
Interest-bearing deposits 740 100,940
Accounts receivable 385,644 320,717
Accrued interest receivable 179,854 177,914
Property, plant, and equipment, net 893,329 842,285
Investments in FHLBs 332,631 403,797
NCUSIF deposit 369,058 335,673
Mortgage servicing rights 236,579 144,089
Prepaid expenses 38,939 32,229
Goodwill and other intangible assets, net 59,288 59,797
Other assets 352,126 114,034
Total assets $ $
Checking accounts $ 6,914,178 $ 6,217,947
Savings accounts 9,762,504 8,892,890
Money market accounts 8,588,012 7,672,947
Share certificate accounts 10,271,171 10,234,440
Individual retirement accounts 4,488,176 4,347,208
Liabilities
Securities sold under repurchase agreements 1,404,299 50,000
Notes payable 6,923,835 8,354,185
Drafts payable 223,167 196,108
Accrued expenses and accounts payable 480,245 394,967
Accrued interest payable 25,169 24,467
Other liabilities 212,614 193,644
Regular reserve 349,808 349,808
Capital reserve 6,012,723 5,316,885
Undivided earnings 50,000 50,000
Accumulated other comprehensive (loss)/income (175,230) 159,654
$ $
The accompanying notes are an integral part of these consolidated financial statements.