Financial Highlights
2023 Consolidated Financial Statement (Audited) 2023 Annual Report
Balance Sheet*
For the period ending June 30, 2024 (cents omitted)
ASSETS | |
Loans, net of Allowance for Loss | $1,150,498,125 |
Investments | $348,557,304 |
Cash | $2,223,135 |
Other Assets | $71,299,814 |
Total Assets | $1,572,578,377 |
LIABILITIES AND MEMBERS' EQUITY | |
Line of Credit | $0 |
Other Liabilities | $9,999,391 |
Shares | $1,449,745,164 |
Total Liabilities | $1,459,744,555 |
Reserves | $0 |
Undivided Earnings | $121,132,924 |
Unrealized G/L Sec | ($8,299,102) |
Total Members' Equity | $112,833,822 |
Total Liabilities and Members' Equity | $1,572,578,377 |
Income Statement*
For the period ending June 30, 2024 (cents omitted)
Loan Income | $36,131,951 |
Investment Income | $8,581,485 |
Total Interest Income | $44,713,436 |
Total Interest Expense | $21,554,872 |
Net Interest Income (Expense) | $23,158,564 |
Provision for Loan Loss | $6,786,861 |
Net Interest Income (Expense) after PLL | $16,371,703 |
Other Operating Income | $2,291,246 |
Other Operating Expense | $18,248,085 |
Total Other Operating Income (Expense) | ($15,956,839) |
Net Income | $414,865 |
*Unaudited