Financial Highlights

Audited 2016 Financial Statement

Balance Sheet*

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

ASSETS   
Loans, net of Allowance for Loss $380,986,268
Investments $224,042,619
Cash $10,290,722
Other Assets $21,965,482
Total Assets $637,285,090
   
LIABILITIES AND MEMBERS' EQUITY  
Line of Credit $0
Other Liabilities $5,297,362
Shares $558,970,692
Total Liabilities $564,268,054
   
Reserves $3,382,981
Undivided Earnings $69,581,129
Unrealized G/L Sec $52,926
Total Members' Equity $73,017,036
Total Liabilities and Members' Equity $637,285,090
 

Income Statement*

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

Loan Income $5,181,071
Investment Income $583,015
Total Interest Income $5,764,086
   
Total Interest Expense $487,441
Net Interest Income (Expense) $5,276,645
Provision for Loan Loss $278,891
Net Interest Income (Expense) after PLL $4,997,754
   
   
Other Operating Income $1,238,476
Other Operating Expense $4,699,757
Total Other Operating Income (Expense) ($3,461,281)
   
Net Income $1,536,473

 

*Unaudited