Financial Highlights

Audited 2019 Financial Statement

Balance Sheet*

For the period ending June 30, 2020 (cents omitted)

ASSETS
Loans, net of Allowance for Loss	$760,458,089
Investments	$274,070,420
Cash	$2,883,439
Other Assets	$54,929,424
Total Assets	$1,092,341,371
LIABILITIES AND MEMBERS' EQUITY
Line of Credit	$0
Other Liabilities	$6,035,395
Shares	$983,553,384
Total Liabilities	$989,588,779
Reserves	$3,382,981
Undivided Earnings	$98,296,560
Unrealized G/L Sec	($1,073,052)
Total Members' Equity	$102,752,593
Total Liabilities and Members' Equity	$1,092,341,371

Income Statement*

For the period ending June 30, 2020 (cents omitted)

Loan Income	$21,037,204
Investment Income	$1,195,287
Total Interest Income	$22,232,491
Total Interest Expense	$6,892,003
Net Interest Income (Expense)	$15,340,488
Provision for Loan Loss	$3,373,308
Net Interest Income (Expense) after PLL	$11,967,180
Other Operating Income	$2,253,644
Other Operating Expense	$12,103,839
Total Other Operating Income (Expense)	($9,850,196)
Net Income	$2,116,984

*Unaudited

 

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