Annual Report 2018 - Page 19

CONSOLIDATED STATEMENTS OF CHANGES IN MEMBERS’ EQUITY FCS Financial, ACA (in thousands) Protected Members' Equity Capital Stock and Participation Certificates Unallocated Surplus Total Members' Equity Balance as of December 31, 2015 Net income Unallocated surplus designated for patronage distributions Capital stock and participation certificates issued Capital stock and participation certificates retired $9 -- -- -- (1) $12,856 -- -- 919 (1,177) $692,075 61,566 (12,507) -- -- $704,940 61,566 (12,507) 919 (1,178) Balance as of December 31, 2016 Net income Unallocated surplus designated for patronage distributions Capital stock and participation certificates issued Capital stock and participation certificates retired 8 -- -- -- -- 12,598 -- -- 858 (1,225) 741,134 70,142 (21,760) -- -- 753,740 70,142 (21,760) 858 (1,225) Balance as of December 31, 2017 Net income Unallocated surplus designated for patronage distributions Capital stock and participation certificates issued Capital stock and participation certificates retired 8 -- -- -- -- 12,231 -- -- 877 (1,175) 789,516 81,721 (24,003) -- -- 801,755 81,721 (24,003) 877 (1,175) Balance as of December 31, 2018 $8 The accompanying notes are an integral part of these Consolidated Financial Statements. 16 $11,933 $847,234 $859,175