Balance Sheet*
for the period ending
June 30, 2010
(cents omitted)
| ASSETS |
|
| Loans, net of Allowance for Loss |
$241,759,054
|
| Investments |
$221,253,083
|
| Cash |
$9,078,676
|
| Other Assets |
$11,220,540
|
| Total Assets |
$483,311,353
|
| LIABILITIES AND MEMBERS' EQUITY |
|
| Line of Credit |
$0 |
| Other Liabilities |
$3,700,251
|
| Shares |
$429,521,002
|
| Total Liabilities |
$433,221,253
|
| |
|
| Reserves |
$3,382,981
|
| Undivided Earnings |
$46,166,041
|
| Total Members' Equity |
$50,090,100
|
| Total Liabilities and Members' Equity |
$483,311,353
|
Income Statement*
for the period ending
June 30, 2010
(cents omitted)
| Loan Income |
$7,788,619
|
| Investment Income |
$1,487,023
|
| Total Interest Income |
$9,275,642
|
| |
|
| Total Interest Expense |
$2,454,274
|
| Net Interest Income (Expense) |
$6,821,434
|
| Provision for Loan Loss |
$1,033,705
|
| Net Interest Income (Expense) after PLL |
$5,787,729
|
| |
|
| Other Operating Income |
$2,825,509
|
| Other Operating Expense |
$7,248,871
|
| Total Other Operating Income (Expense) |
($4,423,362)
|
| |
|
Net Income
|
$1,364,367
|
*Unaudited |
