Statement of Condition
as of June 30, 2006
| |
|
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
2006 |
|
2005 |
| |
|
|
|
|
|
|
|
|
|
|
Mortgage
Loans |
$
524,199,222 |
|
$
413,098,980 |
|
All Other
Loans |
498,242 |
|
254,114 |
|
Real
Estate Owned and in Judgment |
NONE |
|
NONE |
|
Loans and
Contracts Made to Facilitate
Sale of Real Estate |
NONE |
|
NONE |
|
Cash on
Hand and in Banks |
13,054,688 |
|
21,429,093 |
|
Investments and Securities |
378,777,787 |
|
334,852,544 |
|
Fixed
Assets less Depreciation |
13,795,286 |
|
9,777,019 |
|
Other
Assets |
17,602,189 |
|
2,055,337 |
| |
|
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
|
|
|
|
$
947,927,414 |
|
$
781,467,087 |
| |
|
|
|
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
2006 |
|
2005 |
| |
|
|
|
|
|
|
|
|
|
|
Customer
Deposits |
729,916,542 |
|
682,638,451 |
|
Advances
from Federal Home Loan Bank |
125,000,000 |
|
10,000,000 |
|
Other
Borrowed Money |
NONE |
|
NONE |
|
Deferred
Payable |
159,092 |
|
21,761 |
|
Deferred
Federal Income Tax |
1,254,572 |
|
1,254,572 |
|
Other
Liabilities |
2,122,761 |
|
1,695,605 |
|
Specific
Reserves |
2,040 |
|
6,770 |
|
Capital
stock |
1,000 |
|
1,000 |
|
FASB 115
Valuations Net |
(5,152,231) |
|
(1,438,675) |
|
General
Reserves |
94,623,638 |
|
87,287,603 |
| |
|
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
|
|
|
|
$
947,927,414 |
|
$
781,467,087 |
| |
|
|
|
|
|
|
|
|
|
|
RATIOS: |
|
|
|
|
|
|
|
|
|
Net Worth
to Assets |
|
|
|
|
9.44% |
|
10.99% |
|
Net Worth
to Deposits |
|
|
|
|
12.26% |
|
12.58 |
Member FDIC
Equal Housing Lender
|
|
|
