|
|
Statement Of Condition
| |
September 30, 2007 |
|
September 30, 2006 |
ASSETS |
|
|
|
|
Loans |
|
|
|
|
Mortgage Loans |
$
207,380,073.82 |
|
$
193,014,808.20 |
|
Consumer Loans |
23,095,524.48 |
|
18,269,749.71 |
|
Commercial Loans |
105,201,268.84 |
|
96,798,361.48 |
|
Less: Loan Loss Reserves |
(2,280,819.14)
|
|
(2,316,366.59)
|
|
Net Loans |
333,396,048.00 |
|
305,766,552.80 |
| |
|
Securities |
|
|
|
|
Short Term Investments |
5,993,185.80 |
|
14,013,711.47 |
|
Available for Sale Securities |
109,650,693.75 |
|
93,460,345.42 |
|
Held to Maturity Securities |
2,982,397.13
|
|
8,999,890.77
|
|
Total Investments |
118,626,276.68 |
|
116,473,947.66 |
| |
|
Cash and Miscellaneous |
|
|
|
|
Cash and Due from Banks |
10,162,260.66 |
|
10,840,852.61 |
|
Bank Premises, Furniture & Equipment |
13,094,412.32 |
|
11,384,595.86 |
|
Other Assets |
18,505,595.33
|
|
17,904,253.11
|
|
TOTAL ASSETS |
|
|
462,370,202.04
|
| |
|
LIABILITIES |
|
|
|
|
Deposits |
|
|
|
|
Total Interest Bearing Deposits |
$
348,543,895.03 |
|
$ 322,754,692.89 |
|
Total Non-Interest Bearing Deposits |
53,366,408.10 |
|
52,589,462.94 |
| |
|
Other Liabilities |
|
|
|
|
Borrowed Funds |
0.00 |
|
0.00 |
|
Other Liabilities |
4,254,813.25 |
|
3,953,187.92 |
|
Surplus & Reserve |
87,619,476.61
|
|
83,072,858.29
|
|
TOTAL LIABILITIES |
493,784,592.99
|
|
462,370,202.04
|
|
Disclosure: |
|
|
|
|
Section 337.2 of FDIC Rules & Regulations |
|
|
|
|
Standby Letters of Credit |
$ 1,905,615.88 |
|
$ 2,370,273.88 |
|
|
