Financial Highlights

Audited 2019 Financial Statement

Balance Sheet*

For the period ending September 30, 2020 (cents omitted)

ASSETS
Loans, net of Allowance for Loss	$755,163,780
Investments	$285,224,563
Cash	$2,881,283
Other Assets	$49,247,760
Total Assets	$1,092,517,387
LIABILITIES AND MEMBERS' EQUITY
Line of Credit	$0
Other Liabilities	$5,953,918
Shares	$984,744,236
Total Liabilities	$990,698,154
Reserves	$3,382,981
Undivided Earnings	$97,361,800
Unrealized G/L Sec	($1,074,451)
Total Members' Equity	$101,819,233
Total Liabilities and Members' Equity	$1,092,517,387

Income Statement*

For the period ending September 30, 2020 (cents omitted)

Loan Income	$31,879,927
Investment Income	$1,439,692
Total Interest Income	$33,319,619
Total Interest Expense	$10,150,133
Net Interest Income (Expense)	$23,169,486
Provision for Loan Loss	$7,157,668
Net Interest Income (Expense) after PLL	$16,011,818
Other Operating Income	$3,288,930
Other Operating Expense	$18,118,523
Total Other Operating Income (Expense)	($14,829,593)
Net Income	$1,182,225

*Unaudited

 

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