Balance Sheet*
for the period ending
December 31 , 2011
(cents omitted)
| ASSETS |
|
| Loans, net of Allowance for Loss |
$230,510,537
|
| Investments |
$293,149,224
|
| Cash |
$8,629,012
|
| Other Assets |
$11,491,914
|
| Total Assets |
$543,780,687
|
| LIABILITIES AND MEMBERS' EQUITY |
|
| Line of Credit |
$0 |
| Other Liabilities |
$3,312,212
|
| Shares |
$487,580,729
|
| Total Liabilities |
$490,892,941
|
| |
|
| Reserves |
$3,382,981
|
| Undivided Earnings |
$49,132,323
|
| Unrealized G/L Sec |
$372,442
|
| Total Members' Equity |
$52,887,746
|
| Total Liabilities and Members' Equity |
$543,780,687
|
Income Statement*
for the period ending
December 31 , 2011
(cents omitted)
| Loan Income |
$14,632,792
|
| Investment Income |
$2,424,452
|
| Total Interest Income |
$17,057,244
|
| |
|
| Total Interest Expense |
$3,991,581
|
| Net Interest Income (Expense) |
$13,065,663
|
| Provision for Loan Loss |
$1,193,286
|
| Net Interest Income (Expense) after PLL |
$11,872,377
|
| |
|
| Other Operating Income |
$5,245,794 |
| Other Operating Expense |
$14,689,114 |
| Total Other Operating Income (Expense) |
($9,443,320)
|
| |
|
Net Income
|
$2,429,057
|
*Unaudited |
