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First Heritage Co-operative Credit Union Limited Notes to the Financial Statements
31 December 2012 (expressed in Jamaican dollars unless otherwise indicated) 4. Financial Risk Management (Continued) Financial risk factors (continued) (c) Market risk (continued) Interest rate risk (continued) The Credit Union 2011 Within 1 Month
1 to 3 Months
3 to 12 Months
1 to 5 Years
Over 5 Years
NonInterest Bearing
Total
$’000
$’000
$’000
$’000
$’000
$’000
$’000
97,095
-
-
-
-
-
97,095
126,725
74,840
-
-
-
-
201,565
72,102
125,439
-
-
-
1,728
199,269
-
-
-
139,768
45,751
45,845
231,364
35,136
29,341
233,831
1,736,120 1,246,378
44,760
3,325,566
-
-
-
-
-
90,823
90,823
331,058
229,620
233,831
1,875,888
1,292,129
183,156
4,145,682
Members’ deposits
767,597
757,202
380,127
5,720
-
8,342
1,918,988
Members’ voluntary shares
515,798
459,616
348,193
66,436
3,604
26,080
1,419,727
External credit
-
-
1,567
246,663
-
-
248,230
Non-interest bearing liabilities
-
-
-
-
-
20,846
20,846
1,283,395
1,216,818
729,887
318,819
3,604
55,268
3,607,791
(496,056) 1,557,069 1,288,525
127,888
537,891
Financial Assets Earning assets – Deposits Short-term investments
88
Reverse repurchase agreements Financial investments Loans, after provision for loan impairment Non-earning assets Total financial assets Financial Liabilities Interest bearing liabilities –
Total financial liabilities Total Interest Rate Sensitivity Gap
(952,337)
Cumulative Gap
(952,337) (1,939,535) (2,435,591)
(987,198)
(878,522)
410,003
537,891