Statement of Condition
June 30, 2008
ASSETS
 
LIABILITIES
 
Mortgage Loans

$143,348,610.37

Deposit Accounts

$175,209,826.76

Cash & Investments

$161,644,814.01

Federal Home Loan Bank Advances

$97,230,898.00

Consumer Loans

$8,219,537.71

Tax and Insurance Escrow

$382,637.30

Federal Home Loan Bank Stock

$5,269,000.00

Accrued Interest Payable

$702,418.43

Real Estate Owned & In Judgment

$1,983,704.58

Other Liabilities

$1,752,306.83

Land, Office Bdlg., & Equipment

$2,520,718.80

General Reserves, Undivided profits and Undistributed Income

$49,615,848.75

Other Assets

$1,907,550.60

  
Total Assets

$324,893,936.07

Total Liabilities

$324,893,936.07


Footnotes to Financial Statement:
TYPE OF CAPITAL
REQUIRED CAPITAL
ACTUAL CAPITAL
Tangible Capital

$13,169,000

$52,218,000

Core (Leverage) Capital

$13,169,000

$52,218,000

Total (Risk-Based) Capital

$14,563,000

$53,821,000



Tangible, Core and Total Capital are elements of regulatory capital. Regulatory capital is the standard by which the OTS determines whether a savings association is operating in a safe and sound manner.
Equal Housing Lender

Member FDIC