Financial Highlights

Audited 2016 Financial Statement

Balance Sheet*

For the period ending September 30, 2017 (cents omitted)

ASSETS   
Loans, net of Allowance for Loss $486,362,338
Investments $114,561,689
Cash $10,041,482
Other Assets $24,801,027
Total Assets $635,766,536
   
LIABILITIES AND MEMBERS' EQUITY  
Line of Credit $0
Other Liabilities $6,151,418
Shares $553,072,903
Total Liabilities $559,224,321
   
Reserves $3,382,981
Undivided Earnings $72,966,411
Unrealized G/L Sec $192,822
Total Members' Equity $76,542,215
Total Liabilities and Members' Equity $635,766,536
 

Income Statement*

For the period ending September 30, 2017 (cents omitted)

Loan Income $17,374,012
Investment Income $1,795,022
Total Interest Income $19,169,034
   
Total Interest Expense $1,617,780
Net Interest Income (Expense) $17,551,254
Provision for Loan Loss $1,671,708
Net Interest Income (Expense) after PLL $15,879,546
   
   
Other Operating Income $3,851,810
Other Operating Expense $14,809,601
Total Other Operating Income (Expense) ($10,957,791)
   
Net Income $4,921,755

 

*Unaudited