Financials
CONDENSED STATEMENT OF CONDITION
AS OF DECEMBER 31, 2008
| ASSETS: |
| Cash and due from banks |
746,880 |
| Interest-bearing deposits with other financial institutions |
9,866,703 |
| Securities available for sale, at fair value |
0 |
| Loans receivable, net |
134,914,268 |
| Accrued interest receivable |
829,819 |
| Foreclosed real estate, net |
1,064,586 |
| Premises and equipment, net |
201,241 |
| Prepaid expenses and other assets |
135,443 |
| Federal Home Loan Bank stock, at cost |
1,999,100 |
| TOTAL ASSETS |
$149,758,040 |
| LIABILITIES AND STOCKHOLDER'S EQUITY: |
| Deposits |
94,036,268 |
| Borrowings from Federal Home Loan Bank |
37,904,260 |
| Accounts payable and accrued expenses |
576,015 |
| Other liabilities |
0 |
| TOTAL LIABILITIES |
$132,516,543 |
| Stockholder's equity |
17,241,497 |
| TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY |
$149,758,040 |
IF YOU DESIRE MORE DETAILED INFORMATION, A COPY OF THE COMPANY'S AUDITED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2008, AND FOR THE PERIOD JANUARY 1, 2008 TO DECEMBER 31, 2008 IS AVAILABLE FOR YOUR INSPECTION IN ANY OF OUR COMPANY'S OFFICES DURING REGULAR BUSINESS HOURS.
