| Assets | December 31, 2018 | December 31, 2017 |
|---|
Statements of Financial Condition
|
Cash and amounts due from depository institutions
|
$344,091
|
$586,909
|
|
Interest-bearing deposits in other banks
|
$11,264,493
|
$11,074,768
|
|
Total cash and cash equivalents
|
$11,608,584
|
$11,661,677
|
|
Securities available for sale
|
$4,011,586
|
$ 4,230,823
|
|
Investment securities , net
|
$18,566,522
|
$18,600,198
|
|
Mortgage-backed securities, net
|
$912,815
|
$1,095,823
|
|
Loans receivable, net
|
$79,222,174
|
$75,036,597
|
|
Real estate owned, net
|
$0
|
$199,740
|
|
Premises and Equipment, net
|
$1,134,662
|
$1,223,271
|
|
Federal Home Loan Bank of New York Stock
|
$240,500
|
$234,300
|
|
Other Assets
|
$4,465,698
|
$4,399,082
|
|
Total Assets
|
$120,162,541
|
$116,681,511
|
|
Liabilities and Retained Earnings
|
|
Liabilities
|
|
Deposits
|
$95,792,012
|
$ 92,733,879
|
|
Borrowed money
|
$3,000,000
|
$3,000,000
|
|
Other liabilities
|
$2,264,590
|
$1,971,281
|
|
Total Liabilities
|
$101,056,602
|
$97,705,160
|
|
Retained earnings - substantially restricted
|
$18,958,119
|
$18,699,944
|
|
Accumulated other comprehensive income
|
$147,820
|
$276,407
|
|
Total retained earnings
|
$19,105,939
|
$18,976,351
|
|
Total liabilities and retained earnings
|
$120,162,541
|
$116,681,511
|
|