Financial Highlights

Audited 2016 Financial Statement

Balance Sheet*

For the period ending July 31, 2017 (cents omitted)

ASSETS   
Loans, net of Allowance for Loss $466,585,962
Investments $130,857,343
Cash $9,924,130
Other Assets $24,114,971
Total Assets $631,482,406
   
LIABILITIES AND MEMBERS' EQUITY  
Line of Credit $0
Other Liabilities $6,075,524
Shares $550,098,528
Total Liabilities $556,174,052
   
Reserves $3,382,981
Undivided Earnings $71,756,193
Unrealized G/L Sec $169,180
Total Members' Equity $75,308,354
Total Liabilities and Members' Equity $631,482,406
 

Income Statement*

For the period ending July 31, 2017 (cents omitted)

Loan Income $13,001,364
Investment Income $1,439,097
Total Interest Income $14,440,461
   
Total Interest Expense $1,210,459
Net Interest Income (Expense) $13,230,002
Provision for Loan Loss $1,107,919
Net Interest Income (Expense) after PLL $12,122,083
   
   
Other Operating Income $2,911,644
Other Operating Expense $11,322,191
Total Other Operating Income (Expense) ($8,410,547)
   
Net Income $3,711,537

 

*Unaudited