Financials
The consolidated statement of financial condition and income - March 31, 2024
Assets
| Loans | $417,331,677.27 |
| Loan Loss Reserves | (1,679,465.42) |
| Cash & Cash on Deposit | 81,137,436.34 |
| Investment & Securities | 88,338,160.12 |
| Other Assets | 50,178,953.61 |
| Total Assets | $635,306,761.92 |
Liabilities & Members' Equity
| Payables, Borrowings, Other Liabilities | $18,503,704.47 |
| Shares & Deposits | 557,740,969.32 |
| Total Members' Equity & Capital | 59,062,088.13 |
| Total Liabilities & Members' Equity | $635,306,761.92 |
Operating Income
| Interest on Loans | $5,532,197.25 |
| Income on Investments | 1,219,742.16 |
| Other Income | 2,344,976.03 |
| Total Operating Income | $9,096,915.44 |
Operating Expenses
| Salaries & Benefits | $3,743,942.62 |
| Office Occupancy & Operations | 695,242.52 |
| Other Operating Expenses | 1,191,548.80 |
| Total Operating Expenses | $5,630,733.94 |
Non-Operating Income/Expenses
| Provision for Loan Losses | (55,379.81) |
| Dividends & Interest | (2,611,410.80) |
| Other Non-Operating Income/Expenses | 60,017.92 |
| Total Non-Operating Income/Expenses | (2,606,772.69) |
Net Income
| Net Income | $859,408.81 |
