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Financial STATEMENTS

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The Lakeland region is usually defined by a bustling and busy oilfield industry along with recreational pursuits in pristine landscapes. In other words, 'we work hard to play hard'.

The sudden drop in oil prices took the wind out of our sails and 2016 marked the second year of our current economic downturn which has proven to be very challenging from a growth perspective.

While loans grew over the year, this is mostly due to partnerships in the credit union system to help fund other loan opportunities. This helped deploy excess liquidity and we have now maximized these sources as members continue to draw down their deposit balances.

FINANCIAL MARGIN TO OPERATING EXPENSES
total loans
deposit growth
assets
profitability
profit-sharing
equity