Condensed Statement of Condition |
| Assets | 2006 | 2007 |
|---|---|---|
| Cash and Cash Equivalents | $16,429,331 |
$6,954,563 |
| Investment at Cost (Current Market Value $18,801,000) | 18,204,000 |
18,801,000 |
| FHLB Stock | 3,851,500 |
4,575,100 |
| Life Insurance Contracts | 12,038,660 |
12,509,964 |
| Loans & Discounts, Net | 278,984,417 |
276,860,371 |
| Company Property (Net of Depreciation) | 1,581,443 |
1,368,604 |
| Real Property Held For Sale, Net | 0 |
1,176,913 |
| Other Tangible Assets | 5,528,586 |
5,622,291 |
| TOTAL ASSETS | $336,617,937 |
$327,868,806 |
| LIABILITIES AND NET WORTH | 2006 | 2007 |
|---|---|---|
| Term and Statement Accounts | $220,021,753 |
$195,719,230 |
| Notes Payable - Bank | 80,000,000 |
95,000,000 |
| Notes Payable - Parent & Affiliate | 0 |
0 |
| Other Liabilities | 5,232,376 |
5,509,260 |
| TOTAL LIABILITIES | 305,254,129 |
296,228,490 |
| NET WORTH | 31,363,808 |
31,640,316 |
| TOTAL LIABILITIES AND NET WORTH | $336,617,937 |
$327,868,806 |
| NET WORTH REPRESENTED BY: | 2006 | 2007 |
|---|---|---|
| Capital Stock | $1,113,414 |
$1,113,414 |
| Paid-In Surplus | 1,579,814 |
1,579,814 |
| Earned Surplus | 28,670,580 |
28,947,088 |
| NET WORTH | $31,363,808 |
$31,640,316 |
If you desire more detailed information, a copy of the company's audited financial statements as of December 31, 2007 |
and for the period of January 1, 2007 to December 31, 2007, is available for your inspection in any of our company's |
offices during regular business hours. |