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 |
