Financial Statement as of December 31, 2018
Assets |
|
|---|---|
| First Mortgage Loans | $177,717,221 |
| Home Equity Loans | 19,282,789 |
| Manufactured Home Loans | 21,374,270 |
| Commercial Loans | 31,448,805 |
| Loans on Savings Accounts | 376,145 |
| Other Installment Loans | 192,038 |
| Less Allowance for Loan Loss | (2,369,595) |
| Cash on Hand and in Bank | 13,998,239 |
| Investments and Securities | 31,479,291 |
| Federal Home Loan Bank Stock | 526,423 |
| Office Buildings and Equipment, net | 6,249,607 |
| Other Assets | 2,200,567 |
| Total Assets | $302,475,800 |
Liabilities |
|
|---|---|
| Savings and Checking Accounts | $246,982,405 |
| Advance from Federal Home Loan Bank | 6,000,000 |
| Advance Payments by Borrowers | 1,292,527 |
| Other Liabilities | 1,466,914 |
| Net Worth | 46,733,954 |
| Total Liabilities and Net Worth | $302,475,800 |
