Financial Highlights

Audited 2017 Financial Statement

Balance Sheet*

For the period ending September 30, 2018 (cents omitted)

ASSETS
Loans, net of Allowance for Loss $636,382,762
Investments $82,622,431
Cash $8,478,913
Other Assets $28,715,771
Total Assets $756,199,877
   
LIABILITIES AND MEMBERS' EQUITY  
Line of Credit $0
Other Liabilities $5,870,031
Shares $664,869,269
Total Liabilities $670,739,300
   
Reserves $3,382,981
Undivided Earnings $83,417,196
Unrealized G/L Sec ($1,339,601)
Total Members' Equity $85,460,576
Total Liabilities and Members' Equity $756,199,876
 

Income Statement*

For the period ending September 30, 2018 (cents omitted)

Loan Income $25,818,300
Investment Income $1,807,136
Total Interest Income $27,625,436
   
Total Interest Expense $3,359,905
Net Interest Income (Expense) $24,265,531
Provision for Loan Loss $4,719,203
Net Interest Income (Expense) after PLL $19,546,328
   
   
Other Operating Income $3,833,399
Other Operating Expense $15,184,302
Total Other Operating Income (Expense) ($11,350,903)
   
Net Income $8,195,425

 

*Unaudited