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About Us - Financials

Financial Statement as of December 31, 2020

 

Assets

First Mortgage Loans $163,911,688
Home Equity Loans 16,949,462
Manufactured Home Loans 29,801,999
Commercial Loans 34,204,506
Loans on Savings Accounts 1,098,189
Other Installment Loans 293,391
Less Allowance for Loan Loss (2,559,868)
Cash on Hand and in Bank 52,718,820
Investments and Securities 22,988,909
Federal Home Loan Bank Stock 549,123
Office Buildings and Equipment, net 5,906,752
Other Assets 1,958,979
Total Assets $327,821,950

Liabilities

Savings and Checking Accounts $271,253,440
Advance from Federal Home Loan Bank 4,000,000
Advance Payments by Borrowers 1,297,231
Other Liabilities 876,819
     
Net Worth 50,394,460
Total Liabilities and Net Worth $327,821,950
First Shore Federal | 106 S. Division St., Salisbury MD 21801 | 410-546-1101
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