Financial Statement

Statement of Condition as of December 31, 2010

Assets   Liabilities  
       
Mortgage Loans, Net 107,244,461.77 Deposits 151,787,169.57
Loans on Savings Accts 533,820.40

Adv for Borrowers – Taxes & Ins

 360,864.82
Other Loans 7,315,161.67 Borrowed Money NONE
Cash & Fed Funds 13,707,354.58 Deferred Income Taxes NONE
Certificates of Deposit in other banks 10,111,513.59    
Investment Securities 9,892,513.11 Other Liabilities 876,938.89
Mortgage Backed Securities 17,473,072.81 Income Taxes Payable NONE
Ground Rents Owned 283,268.93 Retained Earnings 19,816,231.95 
Off Bldg – Land Imprv 999,797.56    
Furn. Fix & Equipment 63,491.02    
Real Estate Owned 2,559,723.33    
Stock in FHLB 254,900.00    
Accrued Income Receivable 723,519.63    
Deferred Income Taxes 944,109.42    
Income Tax Refund 195,065.75    
Other Assets 539,431.66    
       
TOTAL 172,841,205.23 TOTAL 172,841,205.23