Financial Highlights

Audited 2017 Financial Statement

Balance Sheet*

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

ASSETS
Loans, net of Allowance for Loss $622,635,207
Investments $59,868,326
Cash $28,852,486
Other Assets $25,719,098
Total Assets $737,075,117
   
LIABILITIES AND MEMBERS' EQUITY  
Line of Credit $0
Other Liabilities $5,427,384
Shares $646,971,921
Total Liabilities $652,399,305
   
Reserves $3,382,981
Undivided Earnings $82,342,840
Unrealized G/L Sec ($1,050,010)
Total Members' Equity $84,675,812
Total Liabilities and Members' Equity $737,075,117
 

Income Statement*

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

Loan Income $22,543,619
Investment Income $1,635,453
Total Interest Income $24,179,072
   
Total Interest Expense $2,871,889
Net Interest Income (Expense) 21,307,183
Provision for Loan Loss $4,260,316
Net Interest Income (Expense) after PLL $17,046,866
   
   
Other Operating Income $3,506,352
Other Operating Expense $13,432,148
Total Other Operating Income (Expense) ($9,925,797)
   
Net Income $7,121,069

 

*Unaudited