Financial Highlights

Audited 2017 Financial Statement

Balance Sheet*

For the period ending December 31, 2018 (cents omitted)

ASSETS
Loans, net of Allowance for Loss $658,377,673
Investments $146,543,122
Cash $8,340,040
Other Assets $26,734,124
Total Assets $839,994,959
   
LIABILITIES AND MEMBERS' EQUITY  
Line of Credit $0
Other Liabilities $6,661,349
Shares $743,887,104
Total Liabilities $750,548,454
   
Reserves $3,382,981
Undivided Earnings $86,933,477
Unrealized G/L Sec ($869,954)
Total Members' Equity $89,446,505
Total Liabilities and Members' Equity $839,994,959
 

Income Statement*

For the period ending December 31, 2018 (cents omitted)

Loan Income $36,433,255
Investment Income $2,476,476
Total Interest Income $38,909,731
   
Total Interest Expense $5,674,327
Net Interest Income (Expense) $33,235,404
Provision for Loan Loss $5,992,943
Net Interest Income (Expense) after PLL $27,242,461
   
   
Other Operating Income $5,115,232
Other Operating Expense $20,645,986
Total Other Operating Income (Expense) ($15,530,755)
   
Net Income $11,711,706

 

*Unaudited