|
Statement
of Condition
June
30, 2008 |
| Assets
Cash and Due from Banks
|
$4,051,114
|
| Investment
CDs (maturing < 1 year) |
6,227,000 |
| Federal Funds
Sold |
7,452,057 |
|
Total Cash & Due Equivalents |
17,730,171 |
Investment Securities |
23,452,020 |
| Loans, Net
of Allowance |
64,789,348 |
| Premises
and Equipment |
1,260,341 |
| Accrued
Income & Other Assets |
1,915,782 |
|
Total Assets |
$109,147,662 |
|
|
Liabilities
Deposits |
|
|
Demand |
$15,308,310 |
|
Savings and Thrift |
30,681,360 |
|
Time Deposits >$100,000 |
7,889,460 |
|
Other Time Deposits |
27,127,511 |
|
Non-interest Bearing Deposits |
14,929,612 |
Total
Deposits
|
$95,936,253 |
| Short-term
Borrowings |
0 |
| Other
Liabilities |
956,362 |
|
Total Liabilities |
$96,892,615 |
|
|
| Shareholders'
Equity
Common Stock
|
180,600 |
| Paid-in
Capital |
143,511 |
| Retained
Earnings |
12,294,373 |
| Accumulated
Other Comprehensive Income |
(363,437) |
|
Total Shareholder's Equity |
$12,255,047 |
|
Total Liabilities and Shareholder's Equity |
$109,147,662 |
|
(Unaudited) |
|
|
