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 |