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Financials

The consolidated statement of financial condition and income - June 30, 2022

Assets

Loans $342,315,663.05
Loan Loss Reserves (1,551,629.15)
Cash & Cash on Deposit 66,619,939.16
Investment & Securities 127,520,478.00
Other Assets 40,433,183.25
Total Assets $575,337,634.31

Liabilities & Members' Equity

Payables, Borrowings, Other Liabilities $13,880,446.67
Shares & Deposits 509,634,499.21
Total Members' Equity & Capital 51,822,688.43
Total Liabilities & Members' Equity $575,337,634.31

Operating Income

Interest on Loans $6,124,828.41
Income on Investments 845,562.38
Other Income 5,337,736.83
Total Operating Income 12,308,127.62

Operating Expenses

Salaries & Benefits $5,826,559.64
Office Occupancy & Operations 1,154,278.13
Other Operating Expenses 1,977,943.06
Total Operating Expenses 8,958,780.83

Non-Operating Income/Expenses

Provision for Loan Losses -
Dividends & Interest (888,223.27)
Other Non-Operating Income/Expenses 160,223.71
Total Non-Operating Income/Expenses (727,999.56)

Net Income

Net Income $2,621,347.23