Financial Highlights

Audited 2017 Financial Statement

Balance Sheet*

For the period ending June 30, 2018 (cents omitted)

ASSETS
Loans, net of Allowance for Loss $590,998,645
Investments $96,933,660
Cash $8,918,771
Other Assets $31,682,433
Total Assets $728,533,509
   
LIABILITIES AND MEMBERS' EQUITY  
Line of Credit $0
Other Liabilities $5,625,770
Shares $640,885,627
Total Liabilities $646,511,397
   
Reserves $3,382,981
Undivided Earnings $79,661,046
Unrealized G/L Sec ($1,021,915)
Total Members' Equity $82,022,112
Total Liabilities and Members' Equity $728,533,509
 

Income Statement*

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

Loan Income $16,042,854
Investment Income $1,304,978
Total Interest Income $17,347,832
   
Total Interest Expense $2,027,708
Net Interest Income (Expense) $15,320,124
Provision for Loan Loss $3,494,813
Net Interest Income (Expense) after PLL $11,825,311
   
   
Other Operating Income $2,708,713
Other Operating Expense $10,094,749
Total Other Operating Income (Expense) ($7,386,036)
   
Net Income $4,439,275

 

*Unaudited