Investor Presentaiton
LOUISIANA CORPORATE CREDIT UNION
STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 2021 AND 2020
2021
2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income
$
3,188,022 $
219,504
Adjustments to reconcile net income to net cash provided by
(used in) operating activities:
Depreciation
Net amortization of premiums on investments
Gain on disposition of assets - net
Changes in operating assets and liabilities:
Accrued interest receivable
Other assets
Accounts payable and other liabilities
13,025
14,617
97,200
78,123
(10,400)
(1,324)
6,221
96,917
(86,035)
(726,285)
12,071
(88,551)
3,220,104
(406,999)
Net cash provided by (used in) operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of available-for-sale securities
(37,051,015)
(90,517,403)
Proceeds from sales, maturities and paydowns of investment securities
31,699,836
16,903,919
Purchase of Central Liquidity Facility stock
(3,263,099)
Purchase of Federal Home Loan Bank stock
(1,500)
(12,699)
Change in other investments
53,824
(19,296)
Loans to members, net of principal collections
Proceeds from the sale of premise and equipment
Purchase of premises and equipment
Net change in NCUSIF deposit
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in members' shares and certificates
Dividends paid on perpetual contributed capital
Net cash provided by financing activities
102,443
(102,443)
10,400
(11,332)
722
(1,283)
(7,379)
(5,196,622)
(77,019,683)
10,788,849
(7,278)
81,654,171
(7,298)
10,781,571
81,646,873
NET CHANGE IN CASH AND CASH EQUIVALENTS
8,805,053
4,220,191
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
45,283,274
41,063,083
CASH AND CASH EQUIVALENTS AT END OF YEAR
$
54,088,327 $ 45,283,274
SUPPLEMENTAL DISCLOSURES OF
CASH FLOW INFORMATION
Cash paid during the year for interest
$
223,308 $
530,894
The accompanying notes are an integral part of these financial statements.
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