Statements of Income Years Ended December 31, 2016 and 2015. (Dollars in Thousands) Interest Income: 2016 2015 Interest on loans to members $ 95,159 $ 85,062 Interest on securities and cash equivalents 30,495 31,103 Total Interest Income $ 125,654 $ 116,165 Interest Expense: Dividends on members’ accounts $ 29,446 $ 30,955 Net Interest Income 96,208 85,210 Provision for loan losses 2,100 Net interest income after provision for loan losses $ 94,108 $ 85,210 Non-Interest Income: Non-interest income $ 36,895 $ 31,308 Total Income $ 131,003 $ 116,518 Non-Interest Expense: Compensation and benefits $ 48,901 $ 45,563 Office occupancy 8,725 8,772 Office operations 10,118 8,120 Professional and outside services 1,563 1,427 Credit/Debit and share draft program expenses 5,604 5,265 Other 24,876 18,439 Total Non-Interest Expense $ 99,787 $ 87,586 NCUSIF Corporate Stablization Expense $ 0 $ (600) Net Income $ 31,216 $ 29,532 0
