| Assets | December 31, 2019 | December 31, 2018 |
|---|
Statements of Financial Condition
|
Cash and amounts due from depository institutions
|
$543,476
|
$344,091 |
|
Interest-bearing deposits in other banks
|
$9,657,289
|
$11,264,493 |
|
Total cash and cash equivalents
|
$10,200,765
|
$11,608,584 |
|
Securities available for sale
|
$3,822,271
|
$4,011,586 |
|
Investment securities , net
|
$15,057,872
|
$18,566,522 |
|
Mortgage-backed securities, net
|
$632,566
|
$912,815 |
|
Loans receivable, net
|
$84,478,321
|
$79,222,174 |
|
Real estate owned, net
|
$0
|
$0 |
|
Premises and Equipment, net
|
$1,176,731
|
$1,134,662 |
|
Federal Home Loan Bank of New York Stock
|
$334,600
|
$240,500 |
|
Other Assets
|
$4,448,757
|
$4,465,698 |
|
Total Assets
|
$120,169,883
|
$120,162,541 |
|
Liabilities and Retained Earnings
|
|
Liabilities
|
|
Deposits
|
$93,403,413
|
$95,792,012 |
|
Borrowed money
|
$5,000,000
|
$3,000,000 |
|
Other liabilities
|
$2,201,090
|
$2,264,590 |
|
Total Liabilities
|
$100,604,503
|
$101,056,602 |
|
Retained earnings - substantially restricted
|
$19,292,579
|
$18,958,119 |
|
Accumulated other comprehensive income
|
$272,801
|
$147,820 |
|
Total retained earnings
|
$19,565,380
|
$19,105,939 |
|
Total liabilities and retained earnings
|
$120,169,883
|
$120,162,541 |
|