Financial Highlights

2022 Consolidated Financial Statement (Audited)

Balance Sheet*

For the period ending August 31, 2023 (cents omitted)

ASSETS
Loans, net of Allowance for Loss	$1,126,885,421
Investments	$140,769,536
Cash	$2,375,859
Other Assets	$70,007,498
Total Assets	$1,340,038,313
LIABILITIES AND MEMBERS' EQUITY
Line of Credit	$12,000,000
Other Liabilities	$8,387,459
Shares	$1,207,284,372
Total Liabilities	$1,227,671,831
Reserves	$3,382,981
Undivided Earnings	$118,981,164
Unrealized G/L Sec	($9,997,663)
Total Members' Equity	$112,366,483
Total Liabilities and Members' Equity	$1,340,038,313

Income Statement*

For the period ending August 31, 2023 (cents omitted)

Loan Income	$42,379,631
Investment Income	$2,467,837
Total Interest Income	$44,847,468
Total Interest Expense	$15,103,234
Net Interest Income (Expense)	$29,744,233
Provision for Loan Loss	$6,620,940
Net Interest Income (Expense) after PLL	$23,123,293
Other Operating Income	$3,328,343
Other Operating Expense	$23,085,255
Total Other Operating Income (Expense)	($19,756,912)
Net Income	$3,366,381

*Unaudited

 

2022 Annual Report