Financials
The consolidated statement of financial condition and income - December 31, 2023
Assets
| Loans | $418,429,959.52 |
| Loan Loss Reserves | (1,654,190.50) |
| Cash & Cash on Deposit | 68,670,410.86 |
| Investment & Securities | 94,809,512.80 |
| Other Assets | 49,902,509.33 |
| Total Assets | $630,158,202.01 |
Liabilities & Members' Equity
| Payables, Borrowings, Other Liabilities | $15,385,617.20 |
| Shares & Deposits | 556,687,752.68 |
| Total Members' Equity & Capital | 58,084,832.13 |
| Total Liabilities & Members' Equity | $630,158,202.01 |
Operating Income
| Interest on Loans | $18,674,016.15 |
| Income on Investments | 4,042,754.55 |
| Other Income | 9,392,026.63 |
| Total Operating Income | $32,108,797.33 |
Operating Expenses
| Salaries & Benefits | 13,918,200.16 |
| Office Occupancy & Operations | 2,582,775.43 |
| Other Operating Expenses | 4,633,264.12 |
| Total Operating Expenses | $21,134,239.71 |
Non-Operating Income/Expenses
| Provision for Loan Losses | (232,410.70) |
| Dividends & Interest | (7,357,205.37) |
| Other Non-Operating Income/Expenses | 235,951.01 |
| Total Non-Operating Income/Expenses | (7,353,665.06) |
Net Income
| Net Income | $3,620,892.56 |
