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About Us - Financials

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
First Shore Federal | 106 S. Division St., Salisbury MD 21801 | 410-546-1101
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