Financial Highlights

Audited 2017 Financial Statement

Balance Sheet*

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

ASSETS   
Loans, net of Allowance for Loss $536,988,211
Investments $144,908,717
Cash $9,129,514
Other Assets $26,846,766
Total Assets $717,873,207
   
LIABILITIES AND MEMBERS' EQUITY  
Line of Credit $0
Other Liabilities $5,755,984
Shares $632,081,357
Total Liabilities $637,837,341
   
Reserves $3,382,981
Undivided Earnings $77,404,264
Unrealized G/L Sec ($751,379)
Total Members' Equity $80,035,866
Total Liabilities and Members' Equity $717,873,207
 

Income Statement*

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

Loan Income $7,581,325
Investment Income $636,517
Total Interest Income $8,217,842
   
Total Interest Expense $933,774
Net Interest Income (Expense) $7,284,068
Provision for Loan Loss $1,403,260
Net Interest Income (Expense) after PLL $5,880,808
   
   
Other Operating Income $1,451,719
Other Operating Expense $5,150,034
Total Other Operating Income (Expense) ($3,698,315)
   
Net Income $2,182,493

 

*Unaudited