Financial Highlights
2023 Consolidated Financial Statement (Audited) 2023 Annual Report
Balance Sheet*
For the period ending August 31, 2024 (cents omitted)
ASSETS | |
Loans, net of Allowance for Loss | $1,133,499,783 |
Investments | $325,689,921 |
Cash | $2,161,340 |
Other Assets | $78,987,211 |
Total Assets | $1,540,338,255 |
LIABILITIES AND MEMBERS' EQUITY | |
Line of Credit | $0 |
Other Liabilities | $9,804,031 |
Shares | $1,415,526,497 |
Total Liabilities | $1,425,330,528 |
Reserves | $0 |
Undivided Earnings | $121,958,836 |
Unrealized G/L Sec | ($6,951,109) |
Total Members' Equity | $115,007,727 |
Total Liabilities and Members' Equity | $1,540,338,255 |
Income Statement*
For the period ending August 31, 2024 (cents omitted)
Loan Income | $48,421,570 |
Investment Income | $11,352,219 |
Total Interest Income | $59,773,789 |
Total Interest Expense | $28,766,144 |
Net Interest Income (Expense) | $31,007,645 |
Provision for Loan Loss | $8,293,669 |
Net Interest Income (Expense) after PLL | $22,713,976 |
Other Operating Income | $2,977,393 |
Other Operating Expense | $24,450,593 |
Total Other Operating Income (Expense) | ($21,473,200) |
Net Income | $1,240,777 |
*Unaudited