Investor Presentaiton
LOUISIANA CORPORATE CREDIT UNION
NOTES TO FINANCIAL STATEMENTS
2. INVESTMENT SECURITIES
The amortized cost and estimated fair value of investment securities at December 31, 2021 and 2020, are
as follows:
December 31, 2021
Gross
Unrealized
Gross
Unrealized
Available-for-sale:
U.S. Agency securities
Mortgage-backed securities
Student loan asset-backed securities
Amortized Cost
Gains
Losses
$ 76,279,890
$
918,453 $
80,917,549
6,542,278
311,847
$ 163,739,717
$
1,230,300
$ (286,321)
(54,785)
(109,431)
(122,105)
81,119,965
6,420,173
$ 164,683,696
Fair Value
$ 77,143,558
December 31, 2020
Gross
Gross
Unrealized
Unrealized
Available-for-sale:
U.S. Agency securities
Mortgage-backed securities
Student loan asset-backed securities
$ 65,803,846
Amortized Cost
Gains
Losses
Fair Value
$
403,758 $
(57,205) $ 66,150,399
84,550,089
8,131,803
587,697
(67,600)
85,070,186
$ 158,485,738
$
991,455 $
(272,856)
(397,661)
7,858,947
$ 159,079,532
At December 31, 2021 and 2020, approximately $125.7 and $131.2 million of investments were pledged as
collateral for the Credit Union's line of credit with the FHLB of Dallas, respectively. See Note 5.
The amortized cost and estimated fair value of certificates of deposit and debt securities, including
mortgage-backed securities, at December 31, 2021, by contractual maturity, are shown below. Expected
maturities will differ from contractual maturities as borrowers may have the right to call or prepay
obligations with or without call or prepayment penalties.
Due within 1 year
Due after 1 year through 5 years
Due after 5 years through 10 years
$
Amortized Cost
6,000,000
Fair Value
$
6,009,966
31,750,000
31,895,195
30,143,267
30,687,160
Due after 10 years
8,386,623
8,551,237
76,279,890
77,143,558
Mortgage-backed securities
Student loan asset-backed securities
Total
$ 163,739,717
80,917,549
6,542,278
81,119,965
6,420,173
$ 164,683,696
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