Financials
The consolidated statement of financial condition and income - December 31, 2022
Assets
| Loans | $379,201,603.02 |
| Loan Loss Reserves | (1,393,565.68) |
| Cash & Cash on Deposit | 44,458,795.97 |
| Investment & Securities | 120,416,614.89 |
| Other Assets | 43,096,799.96 |
| Total Assets | $585,780,248.16 |
Liabilities & Members' Equity
| Payables, Borrowings, Other Liabilities | $15,434,346.66 |
| Shares & Deposits | 517,499,493.47 |
| Total Members' Equity & Capital | 52,846,408.03 |
| Total Liabilities & Members' Equity | $585,780,248.16 |
Operating Income
| Interest on Loans | $13,434,928.32 |
| Income on Investments | 2,669,363.97 |
| Other Income | 10,109,596.47 |
| Total Operating Income | $26,213,888.76 |
Operating Expenses
| Salaries & Benefits | $12,467,320.92 |
| Office Occupancy & Operations | 2,397,405.49 |
| Other Operating Expenses | 4,299,611.46 |
| Total Operating Expenses | 19,164,337.87 |
Non-Operating Income/Expenses
| Provision for Loan Losses | 75,000.00 |
| Dividends & Interest | (2,254,371.54) |
| Other Non-Operating Income/Expenses | 273,641.75 |
| Total Non-Operating Income/Expenses | (1,905,729.79) |
Net Income
| Net Income | $5,143,821.10 |
