Income and expenses
2020
2021
2022
Year Ending
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2022
INCOME Interest on Loans Income on Investments Other Income TOTAL INCOME EXPENSES Salary & Benefits Travel & Conference Office Expenses
18,458,458 581,527 6,757,695 25,797,680
18,073,191 439,438 5,421,157 23,933,786
20,813,539 1,357,013 7,574,803 29,745,355
9,120,849 217,873 5,151,075 606,261
9,585,839 157,703 5,857,264
11,291,404 281,892 6,656,018 833,033 2,554,440 2,144,524 1,679,807 81,250 338,014 25,860,382 795,524 840,740 1,636,264 0 (1,540,717) 707,992
Education & Promotion Provision for Loan Losses Professional & Outside Services Loan Servicing Expense
748,022 290,009
2,097,676 1,675,820 1,325,332 61,517 159,642 20,416,045 969,806 169,070 1,138,876 0 20,591 4,263,350
2,225,294 1,364,782 70,240 128,373 20,427,526
Operating Fees Misc. Expenses TOTAL EXPENSES
Dividend & Interest Expense Paid to Members Interest on Borrowed Money TOTAL DIVIDEND & INTEREST EXPENSE
546,797 125,807 672,604
Gain (Loss) on Disposition of Assets Gain (Loss) on Investments NET INCOME(LOSS)
1,867 713,810 3,549,333
“ Where you come from does matter, but not nearly as much as where you are headed. ” - Jodi Picoult, American writer
11
Made with FlippingBook Digital Publishing Software