Financial Highlights
2022 Consolidated Financial Statement (Audited)
Balance Sheet*
For the period ending February 29, 2024 (cents omitted)
ASSETS | |
Loans, net of Allowance for Loss | $1,164,378,860 |
Investments | $352,943,471 |
Cash | $2,275,974 |
Other Assets | $72,992,583 |
Total Assets | $1,592,590,888 |
LIABILITIES AND MEMBERS' EQUITY | |
Line of Credit | $0 |
Other Liabilities | $8,359,657 |
Shares | $1,471,208,313 |
Total Liabilities | $1,479,567,970 |
Reserves | $0 |
Undivided Earnings | $121,819,453 |
Unrealized G/L Sec | ($8,796,536) |
Total Members' Equity | $113,022,917 |
Total Liabilities and Members' Equity | $1,592,590,888 |
Income Statement*
For the period ending February 29, 2024 (cents omitted)
Loan Income | $11,797,176 |
Investment Income | $2,531,566 |
Total Interest Income | $14,328,742 |
Total Interest Expense | $6,755,883 |
Net Interest Income (Expense) | $7,572,859 |
Provision for Loan Loss | $2,044,625 |
Net Interest Income (Expense) after PLL | $5,528,234 |
Other Operating Income | $877,021 |
Other Operating Expense | $6,303,861 |
Total Other Operating Income (Expense) | ($5,426,840) |
Net Income | $101,394 |
*Unaudited
2022 Annual Report