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Financial Statements

Balance Sheet

    DescriptionDecember 2024December 2023 Balance

    ASSETS.......................................

    Cash1,297,710.321,576,646.73

    Investments34,376,299.7918,828,047.24

    Personal Loans38,745,859.8347,561,363.52

    Student Loans0.000.00

    Businesss Loans4,300.2888,511.53

    Deferred Gain0.000.00

    Real Estate Loans17,260,734.2117,825,812.94

Total Loans56,010,894.3265,475,687.99

    Allowance for Loan Losses(404,819.00)(340,033.00)

    Furniture Fix & Equip378,440.86298,915.19

    Office Space - Building2,018,118.852,069,307.73

    Other Prepaid Expenses237,558.92322,216.10

    Accrued Income229,312.63183,647.10

    All Other Assets362,870.69678,263.85

    TOTAL ASSETS94,506,387.3889,092,698.93

    LIABILITIES.......................................

    Taxes and Benefits Pay15,219.291,576.95

    Current Liabilities76,380.08(1,896.29)

    Accrued Expenses218,975.56229,763.27

    Deferred Income0.000.00

    Total Certificates14,494,341.69
      7,269.189.57

    Total Shares66,822,013.7970,413,567.24

    Total IRA3,611,472.142,671,634.55

Shares and CDs84,927,827.6280,354,391.36

    Regular Reserves7,319,256.517,319,256.51

    Undiv. Earnings SP. Res1,948,728.321,189,607.13

    Net Gain0.000.00

    TOTAL LIABILITIES94,506,387.3889,092,698.93

    NET INCOME (LOSS)0.000.00

    TOTAL LIABILITIES AND CAPITAL94,052,226.8689,092,698.93

Income Statement

	DescriptionDecember 2024December 2023

	INCOME.......................................

	Personal Loan Income2,578,076.702,253,557.83

	Student Loan Income0.000.00

	Business Loan Income1,582.245,980.31

	Real Estate Loan Income902,792.01775,002.77

	Accrued Loan Income(9,151.28)44,967.93

	Interest Income3,473,299.673,079,508.84

	Income on Investments643,241.72270,186.10

Other Earnings688,473.65728,212.68

	Nonoperating Income(1,110.46)15,474.94

	TOTAL INCOME4,803,904.584,093,382.56

	EXPENSE....................................

	Cost Acqui. of Funds597,382.05308,256.67

	Payroll & Benefits1,817,704.061,694,450.33

	Insurance41,483.8540,218.71

	Educational & Promotion130,782.53103,303.22

	Cost of space occupied182,516.70180,275.52

	Office operations184,504.47187,250.72

	Depreciation & Amortize104,697.0982,424.25

	All other expenses1,097,092.891,071,693.98

	TOTAL EXPENSE4,156,163.643,667,873.40

	NET INCOME (LOSS)647,740.94
  425,509.16

Description	December 2024	December 2023 Balance
ASSETS.......................................
Cash	1,297,710.32	1,576,646.73
Investments	34,376,299.79	18,828,047.24
Personal Loans	38,745,859.83	47,561,363.52
Student Loans	0.00	0.00
Businesss Loans	4,300.28	88,511.53
Deferred Gain	0.00	0.00
Real Estate Loans	17,260,734.21	17,825,812.94
Total Loans	56,010,894.32	65,475,687.99
Allowance for Loan Losses	(404,819.00)	(340,033.00)
Furniture Fix & Equip	378,440.86	298,915.19
Office Space - Building	2,018,118.85	2,069,307.73
Other Prepaid Expenses	237,558.92	322,216.10
Accrued Income	229,312.63	183,647.10
All Other Assets	362,870.69	678,263.85
TOTAL ASSETS	94,506,387.38	89,092,698.93
LIABILITIES.......................................
Taxes and Benefits Pay	15,219.29	1,576.95
Current Liabilities	76,380.08	(1,896.29)
Accrued Expenses	218,975.56	229,763.27
Deferred Income	0.00	0.00
Total Certificates	14,494,341.69	7,269.189.57
Total Shares	66,822,013.79	70,413,567.24
Total IRA	3,611,472.14	2,671,634.55
Shares and CDs	84,927,827.62	80,354,391.36
Regular Reserves	7,319,256.51	7,319,256.51
Undiv. Earnings SP. Res	1,948,728.32	1,189,607.13
Net Gain	0.00	0.00
TOTAL LIABILITIES	94,506,387.38	89,092,698.93

NET INCOME (LOSS)	0.00	0.00

TOTAL LIABILITIES AND CAPITAL	94,052,226.86	89,092,698.93

Description	December 2024	December 2023
INCOME.......................................
Personal Loan Income	2,578,076.70	2,253,557.83
Student Loan Income	0.00	0.00
Business Loan Income	1,582.24	5,980.31
Real Estate Loan Income	902,792.01	775,002.77
Accrued Loan Income	(9,151.28)	44,967.93
Interest Income	3,473,299.67	3,079,508.84
Income on Investments	643,241.72	270,186.10
Other Earnings	688,473.65	728,212.68
Nonoperating Income	(1,110.46)	15,474.94
TOTAL INCOME	4,803,904.58	4,093,382.56

EXPENSE....................................
Cost Acqui. of Funds	597,382.05	308,256.67
Payroll & Benefits	1,817,704.06	1,694,450.33
Insurance	41,483.85	40,218.71
Educational & Promotion	130,782.53	103,303.22
Cost of space occupied	182,516.70	180,275.52
Office operations	184,504.47	187,250.72
Depreciation & Amortize	104,697.09	82,424.25
All other expenses	1,097,092.89	1,071,693.98
TOTAL EXPENSE	4,156,163.64	3,667,873.40

NET INCOME (LOSS)	647,740.94	425,509.16