Financial Highlights
Audited 2017 Financial Statement
Balance Sheet*
For the period ending December 31, 2018 (cents omitted)
| ASSETS | |
| Loans, net of Allowance for Loss | $658,377,673 |
| Investments | $146,543,122 |
| Cash | $8,340,040 |
| Other Assets | $26,734,124 |
| Total Assets | $839,994,959 |
| LIABILITIES AND MEMBERS' EQUITY | |
| Line of Credit | $0 |
| Other Liabilities | $6,661,349 |
| Shares | $743,887,104 |
| Total Liabilities | $750,548,454 |
| Reserves | $3,382,981 |
| Undivided Earnings | $86,933,477 |
| Unrealized G/L Sec | ($869,954) |
| Total Members' Equity | $89,446,505 |
| Total Liabilities and Members' Equity | $839,994,959 |
Income Statement*
For the period ending December 31, 2018 (cents omitted)
| Loan Income | $36,433,255 |
| Investment Income | $2,476,476 |
| Total Interest Income | $38,909,731 |
| Total Interest Expense | $5,674,327 |
| Net Interest Income (Expense) | $33,235,404 |
| Provision for Loan Loss | $5,992,943 |
| Net Interest Income (Expense) after PLL | $27,242,461 |
| Other Operating Income | $5,115,232 |
| Other Operating Expense | $20,645,986 |
| Total Other Operating Income (Expense) | ($15,530,755) |
| Net Income | $11,711,706 |
