Financial Highlights

Audited 2018 Financial Statement

Balance Sheet*

For the period ending July 31, 2019 (cents omitted)

ASSETS
Loans, net of Allowance for Loss	$674,058,127
Investments	$221,868,751
Cash	$14,851,289
Other Assets	$38,566,247
Total Assets	$949,344,413
LIABILITIES AND MEMBERS' EQUITY
Line of Credit	$0
Other Liabilities	$5,987,508
Shares	$845,441,225
Total Liabilities	$851,428,733
Reserves	$3,382,981
Undivided Earnings	$94,432,211
Unrealized G/L Sec	($100,487)
Total Members' Equity	$97,915,680
Total Liabilities and Members' Equity	$949,344,413

Income Statement*

For the period ending July 31, 2019 (cents omitted)

Loan Income	$25,071,871
Investment Income	$3,339,317
Total Interest Income	$28,411,188
Total Interest Expense	$7,746,523
Net Interest Income (Expense)	$20,664,665
Provision for Loan Loss	$3,454,113
Net Interest Income (Expense) after PLL	$17,210,552
Other Operating Income	$3,302,746
Other Operating Expense	$13,014,563
Total Other Operating Income (Expense)	($9,711,818)
Net Income	$7,498,734

*Unaudited

 

Annual Report