Financial Highlights

2021 Consolidated Financial Statement (Audited)

Balance Sheet*

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

ASSETS
Loans, net of Allowance for Loss	$1,017,451,861
Investments	$171,989,936
Cash	$2,192,864
Other Assets	$67,441,580
Total Assets	$1,259,076,240
LIABILITIES AND MEMBERS' EQUITY
Line of Credit	$0
Other Liabilities	$7,724,646
Shares	$1,142,122,325
Total Liabilities	$1,149,846,971
Reserves	$3,382,981
Undivided Earnings	$116,343,905
Unrealized G/L Sec	($10,497,618)
Total Members' Equity	$109,229,269
Total Liabilities and Members' Equity	$1,259,079,240

Income Statement*

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

Loan Income	$47,326,439
Investment Income	$2,234,777
Total Interest Income	$49,561,216
Total Interest Expense	$13,708,110
Net Interest Income (Expense)	$35,853,106
Provision for Loan Loss	$5,767,422
Net Interest Income (Expense) after PLL	$30,085,684
Other Operating Income	$5,683,108
Other Operating Expense	$31,057,757
Total Other Operating Income (Expense)	($25,374,649)
Net Income	$4,711,036

*Unaudited

 

2021 Annual Report