Financial Highlights

Audited 2018 Financial Statement

Balance Sheet*

For the period ending December 31, 2019 (cents omitted)

ASSETS
Loans, net of Allowance for Loss	$730,519,931
Investments	$245,009,513
Cash	$2,172,548
Other Assets	$44,051,125
Total Assets	$1,021,753,116
LIABILITIES AND MEMBERS' EQUITY
Line of Credit	$0
Other Liabilities	$6,769,431
Shares	$915,136,488
Total Liabilities	$921,905,919
Reserves	$3,382,981
Undivided Earnings	$96,176,575
Unrealized G/L Sec	($284,641)
Total Members' Equity	$99,847,197
Total Liabilities and Members' Equity	$1,021,753,116

Income Statement*

For the period ending December 31, 2019 (cents omitted)

Loan Income	$43,322,668
Investment Income	$5,368,766
Total Interest Income	$48,691,434
Total Interest Expense	$14,521,796
Net Interest Income (Expense)	$34,169,638
Provision for Loan Loss	$7,200,544
Net Interest Income (Expense) after PLL	$26,969,095
Other Operating Income	$5,521,047
Other Operating Expense	$23,244,044
Total Other Operating Income (Expense)	($17,722,997)
Net Income	$9,246,098

*Unaudited

 

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