Interest Income |
2018 |
2017 |
Loans |
2,215,274 |
2,061,984 |
Cash, cash equivalents and certificates of deposit |
364,065 |
236,818 |
Total interest income |
2,579,339 |
2,298,802 |
Interest Expense |
2018 |
2017 |
Members' shares |
180,229 |
114,892 |
Net interest income |
2,373,202 |
2,183,908 |
Provision for Loan Losses |
165,500 |
166,684 |
Net interest income after provision for loan losses |
2,207,702 |
2,017,224 |
Non-interest Income |
2018 |
2017 |
Fees and charges |
394,538 |
408,554 |
Other non-interest income |
212,102 |
137,559 |
Total non-interest income |
606,640 |
546,113 |
Non-interest Expense |
2018 |
2017 |
Compensation and benefits |
1,341,078 |
1,184,614 |
Other |
1,330,508 |
1,171,423 |
Total non-interest expense |
2,671,586 |
2,356,037 |
Net income |
$142,756 |
$207,330 |