3 rd Quarter 2008 Mortgage Bankers Financial Reporting Form Changes

Size: px
Start display at page:

Download "3 rd Quarter 2008 Mortgage Bankers Financial Reporting Form Changes"

Transcription

1 3 rd Quarter 2008 Mortgage Bankers Financial Reporting Form Changes Changes to the Mortgage Bankers Financial Reporting Form (Form 1055), effective for entities reporting on or after October 1, 2008 for WebMB 3 rd Quarter, primarily reflect: the adoption of many new accounting pronouncements since the last update to the Form 1055, including Statement of Financial Accounting Standard (FAS) 140, 142, 149, 156, 157, 159 and 160 and Financial Accounting Standards Board Interpretation No. (FIN) 45; adjustments to improve reporting for other accounting pronouncements, including FAS 5, 65, 91 and 133; the separation of multifamily/commercial data from other business activities such as residential portfolio management; and the collection of additional origination and servicing-related revenue, expense, and volume data. The key changes in each section of the Form 1055 are outlined below. Institution Profile The following are additions to the Profile section: Details about external audit reports, including the type of audit opinion; Explanation of significant events during the reporting period, such as the sale of the company or a restatement; Identification of direct parent type ; and Identification of third party services used for inventory/pipeline management and for valuation of mortgage servicing rights (MSRs), including the names of companies used, specific type of services, and frequency, if applicable. Assets The following are changes and additions to the Assets section: Cash and Cash Equivalents are split out into Unrestricted and Restricted designations. FAS 156 and FAS 159 allow companies to elect to report financial instruments at fair value. This change adds significant complexity because companies can now report certain items at fair value, follow pre-fas 156/159 accounting, or use a combination of both fair value and pre-fas156/159 accounting. New lines were added to capture certain assets at fair value, including MSRs, securities, loans and other financial instruments. Securities are now reported on a schedule that includes more granularity, including security type and a distinction between investment grade and non-investment grade. Property & Equipment was previously reported in total. New lines are being added to capture the types of property and equipment. To reflect changes related to FAS 156 and to collect other data, the Rollforward of Mortgage Servicing Rights schedule was expanded to include additional detail. It now breaks out the schedule into sections that relate to: Page 1 of 6

2 Rollforward of Amortized MSRs (excluding Valuation Allowance), Rollforward of Amortized MSR Valuation Allowance, and Rollforward of Fair Value MSRs. Deferred fees, expenses and other basis adjustments relating to FAS 91, which are carried as contra assets, are being changed on the securities and loan schedules. Since derivative values can easily shift from positive to negative, the Derivatives schedule was expanded to include a column for both assets and liabilities. Additional details pertaining to FAS 133 and FAS 149 derivative assets and liabilities, including Interest Rate Lock Commitments and Other Loan Commitments Classified as Derivatives, are being added. Liabilities and Equity The following are additions to the Liabilities and Equity section: Collateralized Mortgage Debt Relating to Financings, Collateralized Mortgage Debt Other, Trust Preferred Securities, Deposits, Advances from Federal Home Loan Banks, Commercial Paper, Guaranty Liabilities under FIN 45, Other Financial Instrument Liabilities, at Fair Value, Taxes Payable, Deferred Tax Liability, Repurchase Reserves, and Noncontrolling Interest, which will be required after the adoption of FAS 160. The following are additions to the Equity Rollforward section: Issuance of New Stock or Conversions of Preferred to Common, Stock Repurchases, Other Capital Contributions (OCI): OCI: Unrealized Gains (Losses) from Derivatives Designated as Cash Flow Hedges OCI: Other Changes in OCI, Cumulative Effect from Adoption of FAS 156, Cumulative Effect from Adoption of FAS 159, Cumulative Effect Adjustments to Retained Earnings Other, Changes in the Carrying Amount of Noncontrolling Interest, which will be required after the adoption of FAS 160, and Equity Adjustments. Page 2 of 6

3 Income The multifamily/commercial column should now only reflect income or interest and expense related directly to originations and servicing operations as well as investment portfolio management for multifamily loans, commercial property, and farm (business) loans. The Income schedule includes a new column to report all income or interest expense related directly to the institution s residential investment portfolio, if applicable. It should also include income from ancillary business operations such as real estate sales, title companies, property management, insurance sales, construction lending, tax services, etc. Other changes on this schedule include: A single section was created for Net Interest Income, collecting both Interest Income and Interest Expense (which was previously in the Expense schedule). The Secondary Marketing Income section was renamed Secondary Marketing Gains/(Losses) on Sale and additional line items are being added, including: Fees Paid to Brokers, Direct Fees and Expenses Reclassified as Gain on Sale in Accordance with FAS 91, Pair-off Expenses and Other Hedge Costs, Recognition of Retained Interests (pursuant to FAS 140), Provision for Repurchases, Lower of cost or market (LOCOM) Adjustments on Loans Held for Sale (pursuant to FAS 65), Income Relating to Interest Rate Lock Commitments (IRLCs) (pursuant to FAS 133), Gains/(Losses) on Derivatives Used to Hedge IRLCs and Loans Held for Sale (pursuant to FAS 133), and Gains/(Losses) on Changes in Fair Value of Loans Held for Sale (pursuant to FAS 159, if applicable). The section for Servicing-Related Non-Interest Income was expanded to include various fields pertaining to MSR valuation including MSR amortization; other than temporary impairment (OTTI); valuation changes (pursuant to FAS 156); hedgerelated changes; and net gain or loss on the sale of servicing rights and REO. A section was added for Other Non-Interest Income that includes: Provision for Credit Losses on Loans Held for Investment, Other Than Temporary Impairment (not MSR-Related) & Other Credit-Related Losses, Net Gain (Loss) from Sale of Securities, Unrealized Gains/(Losses) on Trading Securities, Gains/(Losses) on Other Derivatives or Other Financial Instruments, Gains/(Losses) on Changes in Fair Value of Loans Held for Investment, and Pre-Tax Income/(Loss) from Investments in JVs, Partnerships, and Other Entities. Contra income accounts were added to capture revenues deferred under FAS 91 in several income schedules. Page 3 of 6

4 Non-Interest Expenses and Net Income As described under the Income schedule above, the Non-Interest Expense schedule also includes the new column for residential portfolio and other business. Also as noted above, interest expense items were moved to the Net Interest Income section of the Income schedule. The Non-Interest Expense schedule was expanded to include: Additional line items for loan production personnel compensation, reflecting a break out of certain functional areas; Additional items for Other Non-Interest Income, including Professional Fees, Subservicing Fees Paid, and Changes in REO Valuation Allowance; Contra expense accounts were added to capture expenses deferred under FAS 91; and A new section to capture Corporate Administration/Overhead Allocations, including: Corporate Management, Support, and Other Corporate Personnel Expenses; Corporate Technology Costs; Goodwill Impairment; and Other Corporate Expenses or Allocations. Full-Time Equivalent (FTE) Employees As described under the Income schedule above, the Employees schedule also includes the new column for residential portfolio and other business. Additional line items were added for loan production employees, reflecting a break out of certain functional areas and a line was added to capture corporate administration/overhead employees. Loan Originations Instead of requiring loan types by channel, the Form now requires reporting of only Retail, Correspondent, and Broker channel production in aggregate. Other changes to the Loan Originations schedule include: Loans originated will be reported and broken out by several additional types of loans, including: Prime and Non-prime, Reverse Mortgages, Multifamily, Commercial, Alt Doc, Interest-Only, Option ARM, Loans with Prepayment Penalties, Purchase versus Refinance, Loans with Private Mortgage Insurance, Owner-Occupied versus Non-Owner Occupied/Investor, Loans with Piggyback Seconds, FICO Score Distribution, and Page 4 of 6

5 LTV Distribution. Loans Sold will be reported by investor type, servicing released, and brokered out categories. Various metrics of origination volume will be reported including: weighted average CLTV, weighted average coupon at origination, fall-out ratio, average days in warehouse, and production warehoused in excess of 90 days. Debt Facilities (previously titled Warehouse and Related Lines of Credit) This section was expanded to include the identification of various debt facilities, in addition to warehouse lines, such as: Repurchased Loan lines, Reverse Repurchase Facilities, MSR Lines of Credit, and Asset-Backed Commercial Paper Facilities. Users will submit details for their 10 largest debt facilities, and amounts in total, such as: Facility Provider Name, Outstanding Borrowings, Credit Facility Limit, Wet Sublimit, Repurchase Sublimit, Weighted Average Advance Rate, Tangible Net Worth Requirement, Covenant Violations, Waiver for Violation, and Facility Expiration Date. Servicing Portfolio Users will no longer need to break out loan servicing for company and non-affiliates, servicing for affiliates, and purchased servicing. Other changes to the Servicing Portfolio schedule include: Loans serviced will be reported and broken out by several additional types of loans including: Prime and Non-prime, Reverse Mortgages, Multifamily, Commercial, Interest-Only, Option ARM, Loans with Prepayment Penalties, Owner-Occupied versus Non-Owner Occupied/Investor, Loans with Primary Mortgage Insurance, Loans with Piggyback Seconds, Loans by Investor Type, and Page 5 of 6

6 Loans Removed from Servicing Portfolio during the reporting period. Seriously delinquent loans are also to be broken out by type including: Government, Prime, Seconds, Reverse Mortgages, Multifamily, and Commercial. The Weighted Average Loan Age and portion of loans that had bankruptcy status during the quarter will also be reported. Reserves and Valuation Allowance Rollforwards This schedule replaces the Loss Allowance schedule. It is now structured as a Rollforward schedule with the following sections: Rollforward of Credit Loss Reserves on Loans Held for Investment, Rollforward of Valuation Allowance on REO, Rollforward of Reserve for Other Losses, and Rollforward of Repurchase Reserves. Loan Modifications This new schedule contains a single line that will collect the unpaid principal balance and loan count of loans modified during the reporting period. Selected Cash Flow Data This new schedule includes three lines that calculate a Total Increase/(Decrease) in Cash. The line items that comprise the total are: Net Cash (Used)/Provided by Operating Activities, Cash Flows from Investing Activities, and Cash Flows from Financing Activities. These lines are subtotals from each section of the statement of cash flows. Page 6 of 6

NMLS MORTGAGE CALL REPORT EXPANDED SECTION

NMLS MORTGAGE CALL REPORT EXPANDED SECTION NMLS MORTGAGE CALL REPORT EXPANDED SECTION If your company IS a Fannie Mae or Freddie Mac Approved Seller/Servicer or Ginnie Mae Issuer, you must complete the EXPANDED Section of the NMLS Mortgage Call

More information

Standard NMLS Mortgage Call Report Field Definitions & Instructions

Standard NMLS Mortgage Call Report Field Definitions & Instructions Standard NMLS Mortgage Call Report Field Definitions & Instructions This document provides field definitions, instructions and data formatting requirements for the Standard NMLS Mortgage Call Report (Standard

More information

Standard NMLS Mortgage Call Report Field Definitions & Instructions

Standard NMLS Mortgage Call Report Field Definitions & Instructions Standard NMLS Mortgage Call Report Field Definitions & Instructions This document provides field definitions, instructions and data formatting requirements for the Standard NMLS Mortgage Call Report (Standard

More information

Standard NMLS Mortgage Call Report Field Definitions & Instructions Effective for Q1 2015 Reporting

Standard NMLS Mortgage Call Report Field Definitions & Instructions Effective for Q1 2015 Reporting Standard NMLS Mortgage Call Report Field Definitions & Instructions Effective for Q1 2015 Reporting This document provides field definitions, instructions and data formatting requirements for the Standard

More information

Expanded NMLS Mortgage Call Report Field Definitions & Instructions

Expanded NMLS Mortgage Call Report Field Definitions & Instructions Expanded NMLS Mortgage Call Report Field Definitions & Instructions This document provides field definitions, instructions and data formatting requirements for completing the Expanded NMLS Mortgage Call

More information

Glossary of General Terms

Glossary of General Terms NMLS Mortgage Call Report: Definitions and Instructions Glossary of General Terms Amount Application Broker Fee Closed Closed Retail Closed Wholesale Count Directly Received from Borrower FC or Financial

More information

Mortgage Bankers Financial Reporting Form

Mortgage Bankers Financial Reporting Form Mortgage Bankers Financial Reporting Form Fannie Mae Form 1002 / Freddie Mac Form 1055 Ginnie Mae Form HUD 11750 This copy of the form is for informational uses only. Please submit your MBFRF online at

More information

Expanded NMLS Mortgage Call Report Field Definitions & Instructions Effective for Q1 2015 Reporting

Expanded NMLS Mortgage Call Report Field Definitions & Instructions Effective for Q1 2015 Reporting Expanded NMLS Mortgage Call Report Field Definitions & Instructions Effective for Q1 2015 Reporting This document provides field definitions, instructions and data formatting requirements for completing

More information

Expanded NMLS Mortgage Call Report Field Definitions & Instructions

Expanded NMLS Mortgage Call Report Field Definitions & Instructions Expanded NMLS Mortgage Call Report Field Definitions & Instructions This document provides field definitions, instructions and data formatting requirements for completing the Expanded NMLS Mortgage Call

More information

FOR IMMEDIATE RELEASE November 7, 2013 MEDIA CONTACT: Lisa Gagnon 703-903-3385 INVESTOR CONTACT: Robin Phillips 571-382-4732

FOR IMMEDIATE RELEASE November 7, 2013 MEDIA CONTACT: Lisa Gagnon 703-903-3385 INVESTOR CONTACT: Robin Phillips 571-382-4732 FOR IMMEDIATE RELEASE MEDIA CONTACT: Lisa Gagnon 703-903-3385 INVESTOR CONTACT: Robin Phillips 571-382-4732 FREDDIE MAC REPORTS PRE-TAX INCOME OF $6.5 BILLION FOR THIRD QUARTER 2013 Release of Valuation

More information

CHAPTER 18 ASC TOPIC 320: INVESTMENTS DEBT AND EQUITY SECURITIES

CHAPTER 18 ASC TOPIC 320: INVESTMENTS DEBT AND EQUITY SECURITIES CCH brings you... CHAPTER 18 ASC TOPIC 320: INVESTMENTS DEBT AND EQUITY SECURITIES from the Special Edition GAAP Financial Statement Disclosures Manual Visit CCHGroup.com/AASolutions for an overview of

More information

Quarterly Financial Supplement - 1Q 2016

Quarterly Financial Supplement - 1Q 2016 Quarterly Financial Supplement - 1Q 2016 Page # Consolidated Financial Summary... 1 Consolidated Income Statement Information... 2 Consolidated Financial Information and Statistical Data... 3 Consolidated

More information

NMLS Mortgage Call Report: Definitions and Instructions

NMLS Mortgage Call Report: Definitions and Instructions GENERAL TERMS Amount The total loan amount of applications received, closed loans brokered/retailed/wholesaled Application An oral or written request for a home purchase loan, a home improvement loan,

More information

TABLE OF CONTENTS INTERAGENCY ADVISORY ON ACCOUNTING AND REPORTING FOR COMMITMENTS TO ORIGINATE AND SELL MORTGAGE LOANS

TABLE OF CONTENTS INTERAGENCY ADVISORY ON ACCOUNTING AND REPORTING FOR COMMITMENTS TO ORIGINATE AND SELL MORTGAGE LOANS TABLE OF CONTENTS INTERAGENCY ADVISORY ON ACCOUNTING AND REPORTING FOR COMMITMENTS TO ORIGINATE AND SELL MORTGAGE LOANS Executive Summary 1 Background 2 Definitions 2 Derivative Loan Commitment 2 Forward

More information

Fannie Mae Reports Pre-Tax Income of $8.1 Billion for First Quarter 2013

Fannie Mae Reports Pre-Tax Income of $8.1 Billion for First Quarter 2013 Resource Center: 1-800-732-6643 Contact: Pete Bakel 202-752-2034 Date: May 9, 2013 Fannie Mae Reports Pre-Tax Income of $8.1 Billion for First Quarter 2013 Release of Valuation Allowance on Deferred Tax

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q È QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended

More information

NCUA 5300 Call Report Form Detail

NCUA 5300 Call Report Form Detail 002 Amount of Leases Receivable 2 003 Loans Held for Sale 1 007 Land and Building 2 00 Other Fixed Assets 2 009 Total Other Assets 2 009A Accrued Interest on Loans 2 009B Accrued Interest on Investments

More information

GOLDMAN SACHS BANK USA AND SUBSDIARIES

GOLDMAN SACHS BANK USA AND SUBSDIARIES GOLDMAN SACHS BANK USA AND SUBSDIARIES Consolidated Financial Statements As of and for the years ended December 31, 2014 and December 31, 2013 Financial Statements INDEX Page No. Consolidated Financial

More information

PennyMac Financial Services, Inc. (Exact name of registrant as specified in its charter

PennyMac Financial Services, Inc. (Exact name of registrant as specified in its charter PFSI 8-K 5/5/2016 Section 1: 8-K (CURRENT REPORT) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange

More information

NATIONSTAR REPORTS FIRST QUARTER 2014 FINANCIAL RESULTS & STRATEGIC ACQUISITION

NATIONSTAR REPORTS FIRST QUARTER 2014 FINANCIAL RESULTS & STRATEGIC ACQUISITION Contact: Marshall Murphy (469) 549-3005 FOR IMMEDIATE RELEASE NATIONSTAR REPORTS FIRST QUARTER 2014 FINANCIAL RESULTS & STRATEGIC ACQUISITION GAAP EPS of $0.27 Pro forma EPS of $0.53, including impact

More information

Fannie Mae Reports Comprehensive Income of $84.8 Billion for 2013 and $6.6 Billion for Fourth Quarter 2013

Fannie Mae Reports Comprehensive Income of $84.8 Billion for 2013 and $6.6 Billion for Fourth Quarter 2013 Resource Center: 1-800-732-6643 Contact: Pete Bakel 202-752-2034 Date: February 21, 2014 Fannie Mae Reports Comprehensive Income of $84.8 Billion for 2013 and $6.6 Billion for Fourth Quarter 2013 Fannie

More information

State of New Jersey Department of Banking & Insurance. Annual Report Worksheet for Residential Mortgage Brokers. Year Ending December 31, 2013

State of New Jersey Department of Banking & Insurance. Annual Report Worksheet for Residential Mortgage Brokers. Year Ending December 31, 2013 State of New Jersey Department of Banking & Insurance for Residential Mortgage Brokers New Jersey Department of Banking & Insurance Division of Banking Attn: Kristen Graham -- 5 th floor 20 West State

More information

NEWS RELEASE BNCCORP, INC. REPORTS THIRD QUARTER NET INCOME OF $1.9 MILLION, OR $0.40 PER DILUTED SHARE SERIES A PREFERRED STOCK TO BE REDEEMED

NEWS RELEASE BNCCORP, INC. REPORTS THIRD QUARTER NET INCOME OF $1.9 MILLION, OR $0.40 PER DILUTED SHARE SERIES A PREFERRED STOCK TO BE REDEEMED NEWS RELEASE FOR FURTHER INFORMATION: WEBSITE: www.bnccorp.com TIMOTHY J. FRANZ, CEO TELEPHONE: (612) 305-2213 DANIEL COLLINS, CFO TELEPHONE: (612) 305-2210 BNCCORP, INC. REPORTS THIRD QUARTER NET INCOME

More information

PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust PennyMac Mortgage Investment Trust Investor Presentation February 2013 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities

More information

VII. Consolidated financial statements Credit Suisse (Bank) 391 Report of the Statutory Auditor. 393 Consolidated financial statements

VII. Consolidated financial statements Credit Suisse (Bank) 391 Report of the Statutory Auditor. 393 Consolidated financial statements 389 VII Consolidated financial statements Credit Suisse (Bank) 391 Report of the Statutory Auditor 393 Consolidated financial statements 400 Notes to the consolidated financial statements (see the following

More information

PROTECTIVE LIFE INSURANCE CO 10-Q. Quarterly report pursuant to sections 13 or 15(d) Filed on 11/14/2011 Filed Period 09/30/2011

PROTECTIVE LIFE INSURANCE CO 10-Q. Quarterly report pursuant to sections 13 or 15(d) Filed on 11/14/2011 Filed Period 09/30/2011 PROTECTIVE LIFE INSURANCE CO 10-Q Quarterly report pursuant to sections 13 or 15(d) Filed on 11/14/2011 Filed Period 09/30/2011 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549

More information

VII. Consolidated financial statements Credit Suisse (Bank) 281 Report of the Group Auditors. 283 Consolidated statements of income

VII. Consolidated financial statements Credit Suisse (Bank) 281 Report of the Group Auditors. 283 Consolidated statements of income VII Consolidated financial statements Credit Suisse (Bank) 281 Report of the Group Auditors 283 Consolidated statements of income 284 Consolidated balance sheets 286 Statements of changes in shareholder

More information

TRANSAMERICA ADVISORS LIFE INSURANCE COMPANY

TRANSAMERICA ADVISORS LIFE INSURANCE COMPANY UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED

More information

FIRST BANKS, INC. ST. LOUIS, MISSOURI NEWS RELEASE FOR IMMEDIATE RELEASE: First Banks, Inc. Announces First Quarter 2014 Results

FIRST BANKS, INC. ST. LOUIS, MISSOURI NEWS RELEASE FOR IMMEDIATE RELEASE: First Banks, Inc. Announces First Quarter 2014 Results FIRST BANKS, INC. ST. LOUIS, MISSOURI NEWS RELEASE Contacts: Terrance M. McCarthy Lisa K. Vansickle President and Executive Vice President and Chief Executive Officer Chief Financial Officer First Banks,

More information

ALASKA USA FEDERAL CREDIT UNION AND SUBSIDIARIES Anchorage, Alaska. CONSOLIDATED FINANCIAL STATEMENTS December 31, 2014 and 2013

ALASKA USA FEDERAL CREDIT UNION AND SUBSIDIARIES Anchorage, Alaska. CONSOLIDATED FINANCIAL STATEMENTS December 31, 2014 and 2013 ALASKA USA FEDERAL CREDIT UNION AND SUBSIDIARIES Anchorage, Alaska CONSOLIDATED FINANCIAL STATEMENTS Anchorage, Alaska CONSOLIDATED FINANCIAL STATEMENTS CONTENTS INDEPENDENT AUDITOR S REPORT... 1 CONSOLIDATED

More information

TFR Industry Aggregate Report

TFR Industry Aggregate Report Page 1 of 40 Description Dec 2010 Value Sep 2010 Value Jun 2010 Value Mar 2010 Value Dec 2009 Value Number of Regulated Institutions 38 38 38 38 38 Schedule NS --- Optional Narrative Statement Dec 2010

More information

Variable Names & Descriptions

Variable Names & Descriptions Variable Names & Descriptions Freddie Mac provides loan-level information at PC issuance and on a monthly basis for all newly issued fixed-rate and adjustable-rate mortgage (ARM) PC securities issued after

More information

UNIVERSITY BANCORP 2Q2015 PROFIT $2,184,026, $0.427 PER SHARE

UNIVERSITY BANCORP 2Q2015 PROFIT $2,184,026, $0.427 PER SHARE For Immediate Release Contact: Stephen Lange Ranzini, President and CEO Phone: 734-741-5858, Ext. 9226 Email: ranzini@university-bank.com UNIVERSITY BANCORP 2Q2015 PROFIT $2,184,026, $0.427 PER SHARE Ann

More information

CONSOLIDATED FINANCIAL STATEMENTS. For the year 2008 CANADA LIFE FINANCIAL CORPORATION

CONSOLIDATED FINANCIAL STATEMENTS. For the year 2008 CANADA LIFE FINANCIAL CORPORATION CONSOLIDATED FINANCIAL STATEMENTS For the year 2008 CANADA LIFE FINANCIAL CORPORATION FINANCIAL HIGHLIGHTS (in $ millions except per share amounts) % Change For the years ended December 31 Premiums and

More information

VII. Consolidated financial statements Credit Suisse (Bank) 419 Report of the Statutory Auditor. 421 Consolidated financial statements

VII. Consolidated financial statements Credit Suisse (Bank) 419 Report of the Statutory Auditor. 421 Consolidated financial statements 417 VII Consolidated financial statements Credit Suisse (Bank) 419 Report of the Statutory Auditor 421 Consolidated financial statements 428 Notes to the consolidated financial statements (see the following

More information

Federal Home Loan Bank of San Francisco Announces Second Quarter Operating Results

Federal Home Loan Bank of San Francisco Announces Second Quarter Operating Results News Release Federal Home Loan Bank of San Francisco Announces Second Quarter Operating Results San Francisco, The Federal Home Loan Bank of San Francisco today announced that its net income for the second

More information

UNIVERSITY BANCORP, INC. AND SUBSIDIARIES

UNIVERSITY BANCORP, INC. AND SUBSIDIARIES UNIVERSITY BANCORP, INC. AND SUBSIDIARIES AUDITED CONSOLIDATED FINANCIAL STATEMENTS Years ended TABLE OF CONTENTS Independent Auditor s Report 1 Financial Statements Consolidated Balance Sheets 3 Consolidated

More information

Accounting and Regulatory Guidance for the Federal Home Loan Banks MPF. Mortgage Partnership Finance Program

Accounting and Regulatory Guidance for the Federal Home Loan Banks MPF. Mortgage Partnership Finance Program Mortgage Partnership Finance Program Accounting and Regulatory Guidance for FFIEC Reporting Institutions December 4, 2008 Mortgage Partnership Finance, and MPF are registered trademarks of the Federal

More information

The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q È QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended

More information

85.52 Investments. 85.52.10 July 1, 2003. About investments. Short-term investments. 85.52.20 June 1, 2003 85.52.10

85.52 Investments. 85.52.10 July 1, 2003. About investments. Short-term investments. 85.52.20 June 1, 2003 85.52.10 85.52.10 85.52 Investments 85.52.10 July 1, 2003 About investments Investments are made as authorized by law and/or contractual agreement. Investment purchase and sale transactions are to be reported for

More information

Supplementary Financial Information

Supplementary Financial Information Supplementary Financial Information For the period ended April 30, 2016 For further information, please contact: John Ferren, Senior Vice-President, Corporate CFO and Investor Relations (416) 980-2088

More information

MORGAN STANLEY Financial Supplement - 4Q 2015 Table of Contents

MORGAN STANLEY Financial Supplement - 4Q 2015 Table of Contents Page # MORGAN STANLEY Financial Supplement - 4Q 2015 Table of Contents 1. Quarterly Consolidated Financial Summary 2. Quarterly Consolidated Income Statement Information 3. Quarterly Consolidated Financial

More information

American International Group, Inc.

American International Group, Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period

More information

GOLDMAN SACHS BANK USA AND SUBSIDIARIES

GOLDMAN SACHS BANK USA AND SUBSIDIARIES Consolidated Financial Statements As of and for the years ended December 31, 2013 and December 31, 2012 Independent Auditor s Report To the Board of Directors and Shareholder of Goldman Sachs Bank USA:

More information

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY INDEX TO FINANCIAL STATEMENTS

PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY INDEX TO FINANCIAL STATEMENTS PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY INDEX TO FINANCIAL STATEMENTS Statements of Financial Position - December 31, 2010 and 2009 B-1 Statements of Operations and Comprehensive Income Years ended

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q 0Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended

More information

QUAINT OAK BANCORP, INC. ANNOUNCES SECOND QUARTER EARNINGS

QUAINT OAK BANCORP, INC. ANNOUNCES SECOND QUARTER EARNINGS FOR RELEASE: Tuesday, July 28, 2015 at 4:30 PM (Eastern) QUAINT OAK BANCORP, INC. ANNOUNCES SECOND QUARTER EARNINGS Southampton, PA Quaint Oak Bancorp, Inc. (the Company ) (OTCQX: QNTO), the holding company

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE FirstMerit Corporation Analysts: Thomas O Malley/Investor Relations Officer Phone: 330.384.7109 Media Contact: Robert Townsend/Media Relations Officer Phone: 330.384.7075 FirstMerit

More information

QUINSAM CAPITAL CORPORATION INTERIM FINANCIAL STATEMENTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2015 (UNAUDITED AND EXPRESSED IN CANADIAN DOLLARS)

QUINSAM CAPITAL CORPORATION INTERIM FINANCIAL STATEMENTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2015 (UNAUDITED AND EXPRESSED IN CANADIAN DOLLARS) INTERIM FINANCIAL STATEMENTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, (UNAUDITED AND EXPRESSED IN CANADIAN DOLLARS) NOTICE TO READER Under National Instrument 51-102, Part 4, subsection 4.3(3) (a), if

More information

JER INVESTORS TRUST INC. PROVIDES COMPANY UPDATE AND 2009 ANNUAL STATEMENT OF AFFAIRS

JER INVESTORS TRUST INC. PROVIDES COMPANY UPDATE AND 2009 ANNUAL STATEMENT OF AFFAIRS JER INVESTORS TRUST INC. PROVIDES COMPANY UPDATE AND ANNUAL STATEMENT OF AFFAIRS McLean, VA June 4, 2010: JER Investors Trust Inc. (Pink Sheets: JERT.PK, JERT or the Company ) released its annual Statement

More information

OCWEN FINANCIAL CORP

OCWEN FINANCIAL CORP OCWEN FINANCIAL CORP FORM 10-Q (Quarterly Report) Filed 08/18/14 for the Period Ending 06/30/14 Telephone 561-682-8000 CIK 0000873860 Symbol OCN SIC Code 6162 - Mortgage Bankers and Loan Correspondents

More information

2013 NAIC ANNUAL STATEMENT INSTRUCTIONS HEALTH DEC 2013 REVISIONS

2013 NAIC ANNUAL STATEMENT INSTRUCTIONS HEALTH DEC 2013 REVISIONS 2013 NAIC ANNUAL STATEMENT INSTRUCTIONS HEALTH DEC 2013 REVISIONS PAGE 45: LIABILITIES, CAPITAL AND SURPLUS Revision: Modify instruction for Details of Write-ins Aggregated at Line 23 for Liablities Reason:

More information

BANK ONE CORPORATION and Subsidiaries Average Balance Sheets, Yields, & Rates - Reported Basis

BANK ONE CORPORATION and Subsidiaries Average Balance Sheets, Yields, & Rates - Reported Basis 2002 AVERAGE BALANCE SHEET Short-term investments $MM $ 9,484 $ 10,300 $ 12,560 $ 14,442 $ 12,704 Trading assets (1) 6,426 6,941 6,239 6,487 6,982 U.S. government and federal agency 30,331 26,655 25,883

More information

First Quarter 2016 Earnings Report

First Quarter 2016 Earnings Report First Quarter 2016 Earnings Report Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended,

More information

FHFA Quarterly Performance Report of the Housing GSEs

FHFA Quarterly Performance Report of the Housing GSEs FHFA Quarterly Performance Report of the Housing GSEs Third Quarter The Enterprises (Freddie Mac and Fannie Mae) Combined third quarter earnings of $39.2 billion Release of a substantial portion of the

More information

SunGard Capital Corp. SunGard Capital Corp. II SunGard Data Systems Inc.

SunGard Capital Corp. SunGard Capital Corp. II SunGard Data Systems Inc. United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q (Mark One) Quarterly report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period

More information

Consolidated Financial Statements

Consolidated Financial Statements Consolidated Financial Statements Reports 111 Management s responsibility for financial reporting 111 Report of Independent Registered Chartered Accountants 112 Management s report on internal control

More information

MORGAN STANLEY Financial Supplement - 3Q2004 Table of Contents

MORGAN STANLEY Financial Supplement - 3Q2004 Table of Contents Financial Supplement - 3Q2004 Table of Contents Page # 1. Financial Summary 2. Quarterly Consolidated Income Statement 3. Quarterly Total Company Financial Information and Statistical Data 4. Quarterly

More information

Accounting and Regulatory Guidance for the Federal Home Loan Banks MPF Program

Accounting and Regulatory Guidance for the Federal Home Loan Banks MPF Program Federal Home Loan Bank of Des Moines Charting Your Course Member Conference Mortgage Partnership Finance Program MPF Accounting and Regulatory Guidance Mortgage Partnership Finance, MPF and MPF Xtra are

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE Exhibit 99.1 FOR IMMEDIATE RELEASE FirstMerit Corporation Analysts: Thomas O Malley/Investor Relations Officer Phone: 330.384.7109 Media Contact: Robert Townsend/Media Relations Officer Phone: 330.384.7075

More information

Nationstar Mortgage Holdings Inc. (Exact name of registrant as specified in its charter)

Nationstar Mortgage Holdings Inc. (Exact name of registrant as specified in its charter) Toggle SGML Header (+) Section 1: 10-Q (10-Q) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

More information

First Quarter Report January 31, 2015

First Quarter Report January 31, 2015 First Quarter Report January 31, 2015 PWC CAPITAL INC. ANNOUNCES RESULTS FOR ITS FIRST QUARTER ENDED JANUARY 31, 2015 FIRST QUARTER SUMMARY (1) (compared to the same periods in the prior year unless otherwise

More information

FREDDIE MAC REPORTS THIRD QUARTER 2015 FINANCIAL RESULTS

FREDDIE MAC REPORTS THIRD QUARTER 2015 FINANCIAL RESULTS FOR IMMEDIATE RELEASE MEDIA CONTACT: Lisa Gagnon 703-903-3385 INVESTOR CONTACT: Robin Phillips 571-382-4732 FREDDIE MAC REPORTS THIRD QUARTER 2015 FINANCIAL RESULTS $475 Million Net Loss and $501 Million

More information

Website E-Mail Address

Website E-Mail Address State of New Jersey Discontination of Licensed Business Operations Department of Banking & Insurance Provide all Licensed Lender business activity from P.O. Box 040, Trenton, NJ 08625 Jan. 1st up until

More information

Three Months Ended September 30, 2012. November 6, 2012

Three Months Ended September 30, 2012. November 6, 2012 Q3 2012 Earnings Presentation Three Months Ended September 30, 2012 November 6, 2012 Forward Looking Statements Any statements in this presentation that are not historical or current facts are forward-looking

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended

More information

Contact: Charity Frantz October 13, 2015 570-724-0225 charityf@cnbankpa.com

Contact: Charity Frantz October 13, 2015 570-724-0225 charityf@cnbankpa.com Contact: Charity Frantz October 13, 2015 570-724-0225 charityf@cnbankpa.com C&N ANNOUNCES THIRD QUARTER 2015 UNAUDITED FINANCIAL RESULTS FOR IMMEDIATE RELEASE: Wellsboro, PA Citizens & Northern Corporation

More information

Indiana Community Business Credit Corporation

Indiana Community Business Credit Corporation Indiana Community Business Credit Corporation Financial Statements Years Ended December 31, 2006 and 2005 Strength in numbers. Contents Independent Auditors Report 1 Financial Statements Balance Sheets

More information

Exhibit Regions Financial Corporation and Subsidiaries Financial Supplement Third Quarter 2015

Exhibit Regions Financial Corporation and Subsidiaries Financial Supplement Third Quarter 2015 Exhibit 99.2 Regions Financial Corporation and Subsidiaries Financial Supplement Third Quarter 2015 Table of Contents Page Financial Highlights 1 Selected Ratios and Other Information 2 Consolidated Statements

More information

Bank & Financial Institution Modeling Quick Reference Projecting Financial Statements for a Bank. http://breakingintowallstreet.

Bank & Financial Institution Modeling Quick Reference Projecting Financial Statements for a Bank. http://breakingintowallstreet. Commercial Bank Balance Sheet: Assets: + Cash & Deposits with Banks + Federal Funds Sold + Securities and/or Securities Borrowed + Trading Assets + Gross Loans Allowance for Loan Losses = Net Loans + Accrued

More information

Fannie Mae Reports Largest Net Income in Company History; $17.2 Billion for 2012 and $7.6 Billion for Fourth Quarter 2012

Fannie Mae Reports Largest Net Income in Company History; $17.2 Billion for 2012 and $7.6 Billion for Fourth Quarter 2012 Contact: Pete Bakel 202-752-2034 Date: April 2, 2013 Resource Center: 1-800-732-6643 Fannie Mae Reports Largest Net Income in Company History; $17.2 Billion for 2012 and $7.6 Billion for Fourth Quarter

More information

Ford Motor Company (Exact name of Registrant as specified in its charter)

Ford Motor Company (Exact name of Registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period

More information

GENWORTH MI CANADA INC.

GENWORTH MI CANADA INC. Condensed Consolidated Interim Financial Statements (In Canadian dollars) GENWORTH MI CANADA INC. Three and six months ended June 30, 2015 and 2014 Condensed Consolidated Interim Statements of Financial

More information

(Amounts in millions of Canadian dollars except for per share amounts and where otherwise stated. All amounts stated in US dollars are in millions.

(Amounts in millions of Canadian dollars except for per share amounts and where otherwise stated. All amounts stated in US dollars are in millions. Notes to the Consolidated Financial Statements (Amounts in millions of Canadian dollars except for per share amounts and where otherwise stated. All amounts stated in US dollars are in millions.) 1. Significant

More information

FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 10 Q

FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 10 Q FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 10 Q [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June

More information

Report of Independent Registered Public Accounting Firm

Report of Independent Registered Public Accounting Firm Report of Independent Registered Public Accounting Firm The Board of Directors of Massachusetts Mutual Life Insurance Company and Policy owners of Massachusetts Mutual Variable Life Separate Account II:

More information

Controls and accounting policies

Controls and accounting policies Controls and accounting policies Controls and procedures Management s responsibility for financial information contained in this Annual Report is described on page 92. In addition, the Bank s Audit and

More information

(CSBS) that operates NMLS on behalf of state financial services regulatory agencies.

(CSBS) that operates NMLS on behalf of state financial services regulatory agencies. RESPONSE TO COMMENTS RECEIVED DURING THE SRR COMMENT PERIOD ON THE MORTGAGE CALL REPORT PROPOSAL 2014-2 OCTOBER 1, 2014 TO OCTOBER 30, 2014 Posted November 21, 2014 In April 2013, the State Regulatory

More information

MINNESOTA LIFE INSURANCE COMPANY AND SUBSIDIARIES. Consolidated Financial Statements And Supplementary Schedules. December 31, 2015, 2014 and 2013

MINNESOTA LIFE INSURANCE COMPANY AND SUBSIDIARIES. Consolidated Financial Statements And Supplementary Schedules. December 31, 2015, 2014 and 2013 MINNESOTA LIFE INSURANCE COMPANY AND SUBSIDIARIES Consolidated Financial Statements And Supplementary Schedules December 31, 2015, 2014 and 2013 KPMG LLP 4200 Wells Fargo Center 90 South Seventh Street

More information

J.G. WENTWORTH CO FORM 10-Q. (Quarterly Report) Filed 05/10/16 for the Period Ending 03/31/16

J.G. WENTWORTH CO FORM 10-Q. (Quarterly Report) Filed 05/10/16 for the Period Ending 03/31/16 J.G. WENTWORTH CO FORM 10-Q (Quarterly Report) Filed 05/10/16 for the Period Ending 03/31/16 Address 201 KING OF PRUSSIA ROAD SUITE 501 RADNOR, PA 19087-5148 Telephone (484) 434-2300 CIK 0001580185 Symbol

More information

SCHEDULE SFC : STATEMENT OF FINANCIAL CONDITION Assets Amount Schedule Code 1. a. Cash & Balances Due 1,367,261,402 A-1 b. Loans - Net 118,184,569 A-2 c. Total Securities Held-to-Maturity 0 A-3A d. Total

More information

Impact of New Accounting Standards on Fannie Mae s 2010 First Quarter Form 10-Q: Overview and FAQ

Impact of New Accounting Standards on Fannie Mae s 2010 First Quarter Form 10-Q: Overview and FAQ Impact of New Accounting Standards on Fannie Mae s 2010 First Quarter Form 10-Q: Overview and FAQ Fannie Mae provides this guide as an exhibit to its quarterly report on Form 10-Q filed on May 10, 2010.

More information

FEDERAL DEPOSIT INSURANCE CORPORATION FORM 10-Q

FEDERAL DEPOSIT INSURANCE CORPORATION FORM 10-Q FEDERAL DEPOSIT INSURANCE CORPORATION Washington, D.C. 20429 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2016

More information

Arkansas Development Finance Authority, a Component Unit of the State of Arkansas

Arkansas Development Finance Authority, a Component Unit of the State of Arkansas Arkansas Development Finance Authority, a Component Unit of the State of Arkansas Combined Financial Statements and Additional Information for the Year Ended June 30, 2000, and Independent Auditors Report

More information

Guide to Reformatted Quarterly Financial Data Supplement

Guide to Reformatted Quarterly Financial Data Supplement Guide to Reformatted Quarterly Financial Data Supplement This guide to the reformatted quarterly financial data supplement is intended to highlight the key changes to the supplement and is not a comprehensive

More information

STATEMENT OF FINANCIAL CONDITION

STATEMENT OF FINANCIAL CONDITION Raymond James & Associates, Inc. STATEMENT OF FINANCIAL CONDITION (Unaudited) RAYMOND JAMES & ASSOCIATES, INC. (a wholly owned subsidiary of Raymond James Financial, Inc.) STATEMENT OF FINANCIAL CONDITION

More information

F INANCIAL S TATEMENTS. Brazos Student Finance Corporation Year Ended June 30, 2014 With Independent Auditors Report

F INANCIAL S TATEMENTS. Brazos Student Finance Corporation Year Ended June 30, 2014 With Independent Auditors Report F INANCIAL S TATEMENTS Brazos Student Finance Corporation Year Ended June 30, 2014 With Independent Auditors Report Financial Statements Year Ended June 30, 2014 Contents Independent Auditors Report...1

More information

FANNIE MAE POOLTALK GLOSSARY (May 2016)

FANNIE MAE POOLTALK GLOSSARY (May 2016) FANNIE MAE POOLTALK GLOSSARY (May 2016) Fannie Mae generally relies on its mortgage loan sellers/servicers to provide pool loan level information to generate its MBS disclosures. Mortgage loan sellers

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For Quarter Ended March 31, 2003

More information

6. Depreciation is a process of a. asset devaluation. b. cost accumulation. c. cost allocation. d. asset valuation.

6. Depreciation is a process of a. asset devaluation. b. cost accumulation. c. cost allocation. d. asset valuation. 1. A company purchased land for $72,000 cash. Real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an old building on the land before construction of a new building could start.

More information

FPB FINANCIAL CORP. AND SUBSIDIARIES

FPB FINANCIAL CORP. AND SUBSIDIARIES FPB FINANCIAL CORP. AND SUBSIDIARIES Audits of Consolidated Financial Statements December 31, 2013 and 2012 Contents Independent Auditor s Report 1-2 Basic Consolidated Financial Statements Consolidated

More information

Appraisal A written analysis prepared by a qualified appraiser and estimating the value of a property

Appraisal A written analysis prepared by a qualified appraiser and estimating the value of a property REAL ESTATE BASICS Affordability Analysis An analysis of a buyer s ability to afford the purchase of a home, reviews income, liabilities, and available funds, and considers the type of mortgage a buyer

More information

MITSUI SUMITOMO INSURANCE COMPANY, LIMITED AND SUBSIDIARIES. CONSOLIDATED BALANCE SHEETS March 31, 2005 and 2006

MITSUI SUMITOMO INSURANCE COMPANY, LIMITED AND SUBSIDIARIES. CONSOLIDATED BALANCE SHEETS March 31, 2005 and 2006 CONSOLIDATED BALANCE SHEETS March 31, 2005 and 2006 2005 2006 ASSETS Investments - other than investments in affiliates: Securities available for sale: Fixed maturities, at fair value 3,043,851 3,193,503

More information

Citizens Financial Group, Inc. Reports First Quarter Net Income of $223 Million Diluted EPS of $0.41 up 8% vs. 1Q15

Citizens Financial Group, Inc. Reports First Quarter Net Income of $223 Million Diluted EPS of $0.41 up 8% vs. 1Q15 Reports First Quarter Net Income of $223 Million Diluted EPS of $0.41 up 8% vs. 1Q15 Positive operating leverage of 3% on a year-over-year Adjusted basis* Good traction continues on strategic growth and

More information

- Sub-standard loans 31,093 50,092 - Unrealized interest on sub-standard loans (10,535) (12,698) Net Sub-Standard Loans 20,558 37,394

- Sub-standard loans 31,093 50,092 - Unrealized interest on sub-standard loans (10,535) (12,698) Net Sub-Standard Loans 20,558 37,394 CONSOLIDATED BALANCE SHEET ASSETS (In millions of LBP) 1. Cash, Compulsory Reserves and Central Banks 1,012,603 1,014,857 2. Banks and financial institutions 1,234,691 760,707 3. Head office, branches,

More information

Goldman Sachs Bank USA and Subsidiaries Consolidated Financial Statements As of and for the years ended December 31, 2012 and December 31, 2011

Goldman Sachs Bank USA and Subsidiaries Consolidated Financial Statements As of and for the years ended December 31, 2012 and December 31, 2011 Goldman Sachs Bank USA and Subsidiaries Consolidated Financial Statements As of and for the years ended December 31, 2012 and December 31, 2011 Financial Statements INDEX Page No. Consolidated Financial

More information

Consolidated Financial Statements. For the years ended December 31, 2012, 2011 and 2010

Consolidated Financial Statements. For the years ended December 31, 2012, 2011 and 2010 Consolidated Financial Statements For the years ended December 31, 2012, 2011 and 2010 1 Table of Contents Report of Independent Auditors... 3 Consolidated Balance Sheets December 31, 2012 and 2011...

More information

INDEX TO FINANCIAL STATEMENTS. Balance Sheets as of June 30, 2015 and December 31, 2014 (Unaudited) F-2

INDEX TO FINANCIAL STATEMENTS. Balance Sheets as of June 30, 2015 and December 31, 2014 (Unaudited) F-2 INDEX TO FINANCIAL STATEMENTS Page Financial Statements Balance Sheets as of and December 31, 2014 (Unaudited) F-2 Statements of Operations for the three months ended and 2014 (Unaudited) F-3 Statements

More information

SECURIAN FINANCIAL GROUP, INC. AND SUBSIDIARIES. Consolidated Financial Statements. December 31, 2014, 2013 and 2012

SECURIAN FINANCIAL GROUP, INC. AND SUBSIDIARIES. Consolidated Financial Statements. December 31, 2014, 2013 and 2012 SECURIAN FINANCIAL GROUP, INC. AND SUBSIDIARIES Consolidated Financial Statements December 31, 2014, 2013 and 2012 KPMG LLP 4200 Wells Fargo Center 90 South Seventh Street Minneapolis, MN 55402 Independent

More information

Trouble Debt Restructuring & OREO Accounting

Trouble Debt Restructuring & OREO Accounting Session Objectives Trouble Debt Restructuring & OREO Accounting Chris Vallez, CPA, CICA, MBA, Partner Ellen Vargo, CPA, CFE, FCPA, NCCO Partner Nearman, Maynard, Vallez, CPA s Identify accounting guidance

More information