Financials
Financial Statement as of December 31, 2024
Assets |
|
|---|---|
| First Mortgage Loans | $163,033,574 |
| Home Equity Loans | 16,058,599 |
| Manufactured Home Loans | 49,664,141 |
| Commercial Loans | 52,977,950 |
| Loans on Savings Accounts | 2,013,853 |
| Other Consumer Loans | 268,958 |
| Less Allowance for Loan Loss | (3,798,033) |
| Cash on Hand and in Bank | 38,882,040 |
| Investments and Securities | 38,103,724 |
| Federal Home Loan Bank Stock | 438,823 |
| Office Buildings and Equipment, net | 5,106,771 |
| Other Assets | 3,392,592 |
| Total Assets | $366,142,992 |
Liabilities |
|
|---|---|
| Savings and Checking Accounts | $301,654,697 |
| Advance from Federal Home Loan Bank | 4,000,000 |
| Advance Payments by Borrowers | 1,307,114 |
| Other Liabilities | 826,473 |
| Net Worth | 59,716,031 |
| Total Liabilities and Net Worth | $366,142,992 |
