Financial Statement


Statement Of Financial Condition

ASSETS 2017 2018
Cash $550,493 $358,358
Loans 3,068,408 3,419,453
Investments 585,000 592,252
Fixed Assets 0 635
Other Assets 56,426 59,125
TOTAL ASSETS $4,260,327 $4,429,823
LIABILITIES & EQUITY 2017 2018
Shares $3,172,605 $3,264,308
Liabilities 88,970 132,420
Regular Reserve 103,052 103,052
Undivided Earnings 895,700 930,043
TOTAL LIABILITIES & EQUITY $4,260,327 $4,429,823

Statement Of Income

INCOME 2017 2018
Income on Loans $238,714 $253,379
Investment Income 12,116 15,006
Other Income 75,094 81,863
TOTAL INCOME $325,924 $350,248
EXPENSES 2017 2018
Operating Expenses $285,552 $296,783
Dividends 16,597 20,371
TOTAL EXPENSES $302,149 $317,154
Non-Operating Income $1,000 $1,250
Non-Operating Expenses $0 $0
NET INCOME $24,775 $34,344

Membership

Year 2017 2018
Number Of Members 942 927