Financial Highlights

2022 Consolidated Financial Statement (Audited)

Balance Sheet*

For the period ending March 31, 2023 (cents omitted)

ASSETS
Loans, net of Allowance for Loss	$1,041,136,213
Investments	$161,298,160
Cash	$2,085,508
Other Assets	$67,688,203
Total Assets	$1,272,208,085
LIABILITIES AND MEMBERS' EQUITY
Line of Credit	$0
Other Liabilities	$6,782,969
Shares	$1,152,481,736
Total Liabilities	$1,159,264,705
Reserves	$3,382,981
Undivided Earnings	$118,223,642
Unrealized G/L Sec	($8,663,244)
Total Members' Equity	$112,943,379
Total Liabilities and Members' Equity	$1,272,208,085

Income Statement*

For the period ending March 31, 2023 (cents omitted)

Loan Income	$14,945,419
Investment Income	$934,358
Total Interest Income	$15,879,777
Total Interest Expense	$4,799,240
Net Interest Income (Expense)	$11,080,537
Provision for Loan Loss	$1,548,576
Net Interest Income (Expense) after PLL	$9,531,961
Other Operating Income	$1,397,859
Other Operating Expense	$8,320,961
Total Other Operating Income (Expense)	($6,923,102)
Net Income	$2,608,859

*Unaudited

 

2022 Annual Report