Financial Highlights

Audited 2016 Financial Statement

Balance Sheet*

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

ASSETS   
Loans, net of Allowance for Loss $498,408,257
Investments $111,518,000
Cash $8,416,432
Other Assets $32,019,657
Total Assets $650,362,347
   
LIABILITIES AND MEMBERS' EQUITY  
Line of Credit $0
Other Liabilities $6,180,529
Shares $566,627,409
Total Liabilities $572,807,938
   
Reserves $3,382,981
Undivided Earnings $74,272,615
Unrealized G/L Sec $(101,187)
Total Members' Equity $77,554,409
Total Liabilities and Members' Equity $650,362,347
 

Income Statement*

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

Loan Income $22,014,707
Investment Income $2,151,586
Total Interest Income $24,166,294
   
Total Interest Expense $2,197,099
Net Interest Income (Expense) $21,969,195
Provision for Loan Loss $2,194,235
Net Interest Income (Expense) after PLL $19,774,960
   
   
Other Operating Income $4,613,724
Other Operating Expense $18,160,724
Total Other Operating Income (Expense) ($13,547,001)
   
Net Income $6,227,959

 

*Unaudited