Financial Highlights

Audited 2018 Financial Statement

Balance Sheet*

For the period ending January 31, 2020 (cents omitted)

ASSETS
Loans, net of Allowance for Loss	$737,670,553
Investments	$247,029,858
Cash	$2,253,552
Other Assets	$40,657,869
Total Assets	$1,027,611,833
LIABILITIES AND MEMBERS' EQUITY
Line of Credit	$0
Other Liabilities	$6,082,415
Shares	$920,475,162
Total Liabilities	$926,557,578
Reserves	$3,382,981
Undivided Earnings	$97,180,345
Unrealized G/L Sec	($490,928)
Total Members' Equity	$107,054,255
Total Liabilities and Members' Equity	$1,027,611,833

Income Statement*

For the period ending January 31, 2020 (cents omitted)

Loan Income	$3,714,354
Investment Income	$356,132
Total Interest Income	$4,070,486
Total Interest Expense	$1,256,560
Net Interest Income (Expense)	$2,813,926
Provision for Loan Loss	$401,197
Net Interest Income (Expense) after PLL	$2,412,729
Other Operating Income	$6,71,476
Other Operating Expense	$2,083,435
Total Other Operating Income (Expense)	($1,411,959)
Net Income	$1,000,770

*Unaudited

 

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