Statement of Condition
June 30, 2010
ASSETS
 
LIABILITIES
 
Mortgage Loans

$128,608,879.85

Deposit Accounts

$162,513,712.66

Cash & Investments

$120,044,727.81

Federal Home Loan Bank Advances

$50,930,898.00

Consumer Loans

$7,006,484.79

Tax and Insurance Escrow

$327,776.66

Federal Home Loan Bank Stock

$2,567,900.00

Accrued Interest Payable

$262,307.48

Real Estate Owned & In Judgment

$1,881,472.26

Other Liabilities

$1,721,373.20

Land, Office Bdlg., & Equipment

$2,117,641.49

General Reserves, Undivided profits and Undistributed Income

$50,689,491.61

Other Assets

$4,218,453.41

  
Total Assets

$266,445,559.61

Total Liabilities

$266,445,559.61


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

$10,810,000

$54,504,000

Core (Leverage) Capital

$10,810,000

$54,504,000

Total (Risk-Based) Capital

$19,411,000

$56,838,000



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