Navy Federal Credit Union 2015 Annual Report Download - page 21

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Navy Federal Credit Union2
Consolidated Statements of Financial Condition
As of December 31,
(dollars in thousands) 2015 2014
Assets
Cash $ 500,312 $ 426,201
Short-term investments 2,115,248 354,538
Available-for-sale securities 13,859,916 12,986,192
Held-to-maturity securities 314,627 369,084
Mortgage loans awaiting sale 708,015 572,420
Loans to members, net of allowance for loan losses of $965,979
at December 31, 2015 and $752,835 at December 31, 2014 52,325,503 45,461,735
Accounts receivable 443,962 869,709
Accrued interest receivable 203,237 195,995
Property, plant and equipment, net 1,124,119 1,017,742
Investments in FHLB 642,846 462,878
NCUSIF deposit 442,480 403,184
Mortgage servicing rights 270,876 235,801
Prepaid expenses 60,400 49,447
Goodwill 58,905 58,905
Other assets 216,306 181,827
Total assets $ 73,286,752 $ 63,645,658
Liabilities and Members’ Equity
Members’ accounts
Checking accounts $ 9,224,313 $ 8,147,795
Savings accounts 12,158,063 10,786,976
Money market accounts 10,576,747 9,401,380
Share certificate accounts 11,985,314 11,157,662
Individual retirement accounts 4,921,436 4,660,386
Total members’ accounts 48,865,873 44,154,199
Liabilities
Securities sold under repurchase agreements 719,982 1,469,502
Notes payable 14,772,855 9,942,200
Drafts payable 228,472 220,940
Accrued expenses and accounts payable 612,911 544,843
Accrued interest payable 27,646 26,202
Other liabilities 358,011 315,849
Total members’ accounts and liabilities 65,585,750 56,673,735
Members’ Equity
Equity 8,004,537 7,132,318
Accumulated other comprehensive income (loss) (303,535) (160,395)
Total members’ equity 7,701,002 6,971,923
Total liabilities and members’ equity $ 73,286,752 $ 63,645,658
The accompanying notes are an integral part of these consolidated financial statements.