Home > About Slavie Federal > Facts & Figures
Consolidated Statements of Financial Condition
As of December 31, 2007. |
|
ASSETS |
Cash and due from banks
|
$612,000 |
Federal funds sold
|
$665,000 |
Investment securities - available for sale
|
$8,942,000 |
Investment securities - held to maturity
|
$3,000,000 |
Mortgage backed securities - held to maturity
|
$2,247,000 |
Loans receivable - net of allowance for loan
losses of $972,000
|
$147,744,000 |
Foreclosed real estate
|
$1,083,000 |
Federal Home Loan Bank of Atlanta stock at cost
|
$1,844,000 |
Premises and Equipment, net
|
$5,107,000 |
Accrued interest receivable
|
$564,000 |
Other assets
|
$436,000 |
| |
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Total assets
|
$172,244,000 |
| |
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LIABILITIES AND STOCKHOLDERS' EQUITY |
Liabilities
|
|
Deposits
|
$114,098,000 |
Checks outstanding in excess of bank balance
|
$1,077,000 |
Borrowings
|
$34,000,000 |
Advance payments by borrowers
for taxes and insurance |
$339,000 |
| Other liabilities |
$961,000 |
|
|
Total liabilities
|
$150,475,000 |
|
|
Stockholders' Equity
|
|
Preferred stock (no par value - 1,000,000
shares authorized, none issued and outstanding at December 31, 2007)
|
|
Common stock (par value $.01 - 9,000,000
shares authorized, 2,975,625 shares issued
at December 31, 2007 and 2,817,644 shares
outstanding at December 31, 2007)
|
$30,000 |
Additional paid-in capital
|
$12,828,000 |
Retained earnings (substantially restricted)
|
$11,496,000 |
Unearned Employee Stock Ownership Plan shares
|
($992,000) |
Treasury stock at cost, 2007 157,981 shares
|
($1,434,000) |
Accumulated other comprehensive loss
|
($159,000) |
|
 |
|
$21,769,000 |
|
|
Total liabilities and stockholders' equity
|
$172,244,000 |
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