Financial Statement as of December 31, 2023
Assets |
|
|---|---|
| First Mortgage Loans | $162,904,759 |
| Home Equity Loans | 14,800,017 |
| Manufactured Home Loans | 46,802,460 |
| Commercial Loans | 47,927,567 |
| Loans on Savings Accounts | 1,986,521 |
| Other Installment Loans | 239,838 |
| Less Allowance for Loan Loss | (4,058,908) |
| Cash on Hand and in Bank | 28,128,846 |
| Investments and Securities | 37,576,923 |
| Federal Home Loan Bank Stock | 437,623 |
| Office Buildings and Equipment, net | 5,222,727 |
| Other Assets | 3,216,489 |
| Total Assets | $345,184,862 |
Liabilities |
|
|---|---|
| Savings and Checking Accounts | $282,597,169 |
| Advance from Federal Home Loan Bank | 4,000,000 |
| Advance Payments by Borrowers | 1,291,695 |
| Other Liabilities | 1,221,737 |
| Net Worth | 56,074,261 |
| Total Liabilities and Net Worth | $345,184,862 |
