Financial Highlights

Audited 2018 Financial Statement

Balance Sheet*

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

ASSETS
Loans, net of Allowance for Loss	$692,591,634
Investments	$249,424,261
Cash	$13,543,973
Other Assets	$45,691,111
Total Assets	$1,001,250,979
LIABILITIES AND MEMBERS' EQUITY
Line of Credit	$0
Other Liabilities	$6,589,009
Shares	$894,499,870
Total Liabilities	$901,088,879
Reserves	$3,382,981
Undivided Earnings	$96,441,637
Unrealized G/L Sec	($337,481)
Total Members' Equity	$100,162,100
Total Liabilities and Members' Equity	$1,001,250,979

Income Statement*

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

Loan Income	$36,024,159
Investment Income	$4,636,793
Total Interest Income	$40,660,952
Total Interest Expense	$11,599,634
Net Interest Income (Expense)	$29,061,318
Provision for Loan Loss	$5,262,085
Net Interest Income (Expense) after PLL	$23,799,233
Other Operating Income	$4,562,666
Other Operating Expense	$18,853,739
Total Other Operating Income (Expense)	($14,291,073)
Net Income	$9,508,160

*Unaudited

 

Annual Report