Financial Highlights

Audited 2020 Financial Statement

Balance Sheet*

For the period ending December 31, 2021 (cents omitted)

ASSETS
Loans, net of Allowance for Loss	$815,117,080
Investments	$329,812,200
Cash	$4,383,492
Other Assets	$63,286,483
Total Assets	$1,212,599,254
LIABILITIES AND MEMBERS' EQUITY
Line of Credit	$0
Other Liabilities	$5,862,132
Shares	$1,092,364,665
Total Liabilities	$1,098,226,797
Reserves	$3,382,981
Undivided Earnings	$111,632,869
Unrealized G/L Sec	($643,393)
Total Members' Equity	$114,372,457
Total Liabilities and Members' Equity	$1,212,599,254

Income Statement*

For the period ending December 31, 2021 (cents omitted)

Loan Income	$39,697,513
Investment Income	$1,520,602
Total Interest Income	$41,218,114
Total Interest Expense	$14,243,518
Net Interest Income (Expense)	$26,974,596
Provision for Loan Loss	$(5,587,988)
Net Interest Income (Expense) after PLL	$32,562,584
Other Operating Income	$5,124,319
Other Operating Expense	$24,840,203
Total Other Operating Income (Expense)	($19,715,884)
Net Income	$12,846,700

*Unaudited

 

Annual Report