Statement of Condition

These financial statements are available for you to review the strength and health of our bank. They are current as of June 30, 2020.

Assets

Statement of Condition
Mortgage Loans $50,043,797
Loans in Process ($1,394,867)
Allowance for Loan Losses ($693,992)
Deferred Income ($121,289)
Mortgage Backed Securities $7,717,394
Consumer Loans $394,773
Total Loans $55,945,816
Cash $728,989
FHLB DID & Fed Funds Sold $2,423,810
Investments & Securities $2,579,268
REO & REJ $0
Office Building & Equipment $529,920
Other Assets $321,010
TOTAL ASSETS $62,528,813

Liabilities

Liabilities
Deposits $55,173,461
Advances $0
Income Tax Reserve $2,925
Other Liabilities $959,024
TOTAL LIABILITIES $56,135,410

Capital

Capital
Unrealized Gain/Loss Sec.
Available for sale
$0
Retained Earnings $6,393,403
TOTAL CAPITAL - EQUITY $6,393,403

Overall

Overall
Liabilities & Net Worth $62,528,813
Equity/Assets Ratio 10.22%