Financial Highlights

Audited 2019 Financial Statement

Balance Sheet*

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

ASSETS
Loans, net of Allowance for Loss	$771,921,359
Investments	$282,989,337
Cash	$2,388,226
Other Assets	$50,473,234
Total Assets	$1,107,772,156
LIABILITIES AND MEMBERS' EQUITY
Line of Credit	$0
Other Liabilities	$5,501,711
Shares	$999,253,884
Total Liabilities	$1,004,755,596
Reserves	$3,382,981
Undivided Earnings	$98,441,117
Unrealized G/L Sec	($1,192,462)
Total Members' Equity	$103,016,560
Total Liabilities and Members' Equity	$1,107,772,156

Income Statement*

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

Loan Income	$38,968,745
Investment Income	$1,616,307
Total Interest Income	$40,585,053
Total Interest Expense	$12,291,925
Net Interest Income (Expense)	$28,293,127
Provision for Loan Loss	$8,368,574
Net Interest Income (Expense) after PLL	$19,924,553
Other Operating Income	$4,025,520
Other Operating Expense	$21,688,533
Total Other Operating Income (Expense)	($17,663,013)
Net Income	$2,261,541

*Unaudited

 

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