Page 23 YEARS ENDED DECEMBER 31, 2019 AND 2018 (DOLLARS IN THOUSANDS) Interest Income: $142,471 42,379 $184,850 2019 2018 $185,597 52,880 $238,477 Interest on loans to members Interest on securities & cash equivalents Total Interest Income Interest Expense: $91,388 $147,088 4,275 $142,813 $58,051 $126,799 1,500 $125,299 Dividends on members’ accounts Net interest income Provision for loan losses Net interest income after provision for loan losses Non-Interest Income: $44,347 $187,160 $40,288 $165,587 Non-Interest income Total Income $58,646 10,338 12,297 2,166 6,664 30,828 $120,939 $66,024 12,422 16,515 2,597 7,105 30,488 $135,150 Non-Interest Expense: Compensation & benefts Ofce occupancy Ofce operations Professional & outside services Credit/Debit card & share draft program expenses Other Total Non-Interest Expense Net Income $52,010 $44,648
