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About Us - Financials

Financial Statement as of December 31, 2021

 

Assets

First Mortgage Loans $154,233,486
Home Equity Loans 13,725,423
Manufactured Home Loans 35,447,855
Commercial Loans 40,003,996
Loans on Savings Accounts 1,165,542
Other Installment Loans 269,216
Less Allowance for Loan Loss (2,597,720)
Cash on Hand and in Bank 69,653,441
Investments and Securities 29,412,450
Federal Home Loan Bank Stock 170,623
Office Buildings and Equipment, net 5,543,934
Other Assets 2,173,652
Total Assets $349,201,898

Liabilities

Savings and Checking Accounts $295,194,890
Advance from Federal Home Loan Bank 0
Advance Payments by Borrowers 1,284,017
Other Liabilities 952,599
     
Net Worth 51,770,392
Total Liabilities and Net Worth $349,201,898
First Shore Federal | 106 S. Division St., Salisbury MD 21801 | 410-546-1101
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