Financial Highlights

2021 Consolidated Financial Statement (Audited)

Balance Sheet*

For the period ending August 31, 2022 (cents omitted)

ASSETS
Loans, net of Allowance for Loss	$972,604,697
Investments	$140,634,316
Cash	$2,304,997
Other Assets	$77,294,454
Total Assets	$1,192,838,465
LIABILITIES AND MEMBERS' EQUITY
Line of Credit	$0
Other Liabilities	$5,800,242
Shares	$1,077,150,537
Total Liabilities	$1,082,950,779
Reserves	$3,382,981
Undivided Earnings	$115,044,870
Unrealized G/L Sec	($8,540,166)
Total Members' Equity	$109,887,685
Total Liabilities and Members' Equity	$1,192,838,465

Income Statement*

For the period ending August 31, 2022 (cents omitted)

Loan Income	$29,053,059
Investment Income	$1,271,179
Total Interest Income	$30,324,238
Total Interest Expense	$8,222,072
Net Interest Income (Expense)	$22,102,165
Provision for Loan Loss	$3,122,448
Net Interest Income (Expense) after PLL	$18,979,717
Other Operating Income	$4,021,037
Other Operating Expense	$19,588,753
Total Other Operating Income (Expense)	($15,567,716)
Net Income	$3,412,001

*Unaudited

 

2021 Annual Report