|
Financial Information
| Statements of Financial Condition |
| Assets |
December 31, 2007
|
December 31, 2006
|
|
Cash and amounts due from depository institutions |
$804,875
|
$696,999
|
|
Interest-bearing deposits in other banks |
2,261,634
|
2,686,589
|
|
|
Total cash and cash equivalents |
3,066,509
|
3,383,588
|
|
Securities available for sale |
2,997,788
|
4,871,778
|
|
Investment Securities, net |
20,176,748
|
23,172,752
|
|
Mortgage-backed securities, net |
10,908,265
|
13,975,095
|
|
Loans receivable, net |
77,505,908
|
73,524,458
|
|
Real estate owned, net |
-
|
-
|
|
Premises and equipment, net |
870,217
|
888,626
|
|
Federal Home Loan Bank of New York stock |
365,600
|
366,400
|
|
Other assets |
2,076,895
|
1,962,317
|
|
|
Total Assets |
$117,967,930
|
$122,145,014
|
| A |
| Liabilities and Retained Earnings |
|
Liabilities |
|
Deposits |
96,746,022
|
101,415,400
|
|
Borrowed Money |
4,000,000
|
4,000,000
|
|
Other Liabilities |
1,286,877
|
1,059,870
|
|
|
Total Liabilities |
102,032,899
|
106,475,270
|
|
Retained earnings - substantially restricted |
15,930,261
|
15,685,287
|
|
Unrealized gain on securities available for sale, net |
(4,770)
|
(15,543)
|
|
|
Total retained earnings |
15,935,031
|
15,669,744
|
|
|
Total liabilities and retained earnings |
$117,967,930
|
$122,145,014
|
|
|
