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|
Financial Statement |
|
As of June 30, 2010 |
|
*ASSETS* |
||
| Consumer Loans |
$ 14,671,181.87 |
|
| Real Estate Loans |
$ 18,735,620.47 |
|
| Business Loans |
$ 0.00 |
|
| Other Loans |
$ 196,617.23 |
|
|
TOTAL LOANS |
$ 33,603,419.57 |
|
| Allow for Loan Losses |
$ (227,508.65) |
$ (227,508.65) |
|
NET LOANS |
$ 33,375,910.92 |
|
| Accounts Receivable |
$ 9934.85 |
|
| Cash on Hand & In Bank |
$ 2,630,671.45 |
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| Investments |
$ 13,720,000.00 |
|
| Prepaid & Deferred Expenses |
$ 54,362.10 |
|
| Fixed Assets (Net) |
$ 308,462.55 |
|
| Accrued Income |
$ 149,000.95 |
|
| Share Insurance Deposit |
$ 404,670.02 |
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| Other Assets |
$ 1775.00 |
|
|
TOTAL ASSETS |
$ 50,654,787.84 | |
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*LIABILITIES AND EQUITY* |
||
| Accounts Payable |
$ 334,677.78 |
|
| Notes Payable |
$ 0.00 |
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| Dividends Payable |
$ 1,353.33 |
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| Taxes Payable |
$ 1,289.73 |
|
| Accrued Expenses |
$ 155,511.95 |
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| Other Liabilities |
$ 75,362.73 |
|
| Deferred Lease |
$ 0.00 |
|
|
TOTAL LIABILITIES |
$ 568,195.52 |
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| All Share/Investment/Cking Accts |
$ 41,921,537.38 |
|
| Regular Reserve |
$ 706,941.13 |
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| Undivided Earnings |
$ 7,416,002.26 |
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| Special Reserves |
$ 0.00 |
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| Net Income/(Loss) |
$ 42,111.55 |
|
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TOTAL EQUITY |
$50,086,592.32 | |
|
TOTAL LIABILITIES & EQUITY |
$50,654,787.84 | |
