Financial Highlights

Audited 2019 Financial Statement

Balance Sheet*

For the period ending March 31, 2020 (cents omitted)

ASSETS
Loans, net of Allowance for Loss	$744,445,275
Investments	$366,170,829
Cash	$2,634,491
Other Assets	$59,965,962
Total Assets	$1,173,216,558
LIABILITIES AND MEMBERS' EQUITY
Line of Credit	$0
Other Liabilities	$5,528,365
Shares	$1,062,509,199
Total Liabilities	$1,068,037,564
Reserves	$3,382,981
Undivided Earnings	$101,130,553
Unrealized G/L Sec	($655,460)
Total Members' Equity	$105,178,994
Total Liabilities and Members' Equity	$1,173,216,558

Income Statement*

For the period ending March 31, 2020 (cents omitted)

Loan Income	$9,843,557
Investment Income	$271,952
Total Interest Income	$10,115,482
Total Interest Expense	$3,090,442
Net Interest Income (Expense)	$7,025,040
Provision for Loan Loss	$0
Net Interest Income (Expense) after PLL	$7,025,040
Other Operating Income	$1,424,364
Other Operating Expense	$6,105,019
Total Other Operating Income (Expense)	($4,680,656)
Net Income	$2,344,384

*Unaudited

 

Annual Report