Financial Highlights
2023 Consolidated Financial Statement (Audited) 2023 Annual Report
Balance Sheet*
For the period ending December 31, 2024 (cents omitted)
ASSETS | |
Loans, net of Allowance for Loss | $1,132,224,016 |
Investments | $311,497,474 |
Cash | $2,367,307 |
Other Assets | $78,434,391 |
Total Assets | $1,524,523,188 |
LIABILITIES AND MEMBERS' EQUITY | |
Line of Credit | $0 |
Other Liabilities | $9,498,499 |
Shares | $1,408,237,145 |
Total Liabilities | $1,417,735,644 |
Reserves | $0 |
Undivided Earnings | $114,328,165 |
Unrealized G/L Sec | ($7,540,622) |
Total Members' Equity | $106,787,544 |
Total Liabilities and Members' Equity | $1,524,523,188 |
Income Statement*
For the period ending December 31, 2024 (cents omitted)
Loan Income | $71,213,978 |
Investment Income | $16,069,214 |
Total Interest Income | $87,283,192 |
Total Interest Expense | $42,603,347 |
Net Interest Income (Expense) | $44,679,844 |
Provision for Loan Loss | $11,009,385 |
Net Interest Income (Expense) after PLL | $33,670,459 |
Other Operating Income | ($2,778,541) |
Other Operating Expense | $37,281,813 |
Total Other Operating Income (Expense) | ($40,060,354) |
Net Income | ($6,389,894) |
*Unaudited