Financial Highlights

2021 Consolidated Financial Statement (Audited)

Balance Sheet*

For the period ending May 31, 2022 (cents omitted)

ASSETS
Loans, net of Allowance for Loss	$933,986,942
Investments	$195,794,707
Cash	$2,999,478
Other Assets	$67,149,476
Total Assets	$1,199,930,602
LIABILITIES AND MEMBERS' EQUITY
Line of Credit	$0
Other Liabilities	$3,939,693
Shares	$1,086,108,574
Total Liabilities	$1,090,048,267
Reserves	$3,382,981
Undivided Earnings	$113,053,028
Unrealized G/L Sec	($6,553,675)
Total Members' Equity	$109,882,335
Total Liabilities and Members' Equity	$1,199,930,602

Income Statement*

For the period ending May 31, 2022 (cents omitted)

Loan Income	$16,958,802
Investment Income	$760,144
Total Interest Income	$17,718,946
Total Interest Expense	$4,989,664
Net Interest Income (Expense)	$12,729,282
Provision for Loan Loss	$2,215,710
Net Interest Income (Expense) after PLL	$10,513,572
Other Operating Income	$2,734,482
Other Operating Expense	$11,827,895
Total Other Operating Income (Expense)	($9,093,413)
Net Income	$1,420,159

*Unaudited

 

2021 Annual Report