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Financial Calculators:

Mortgage Calculators

Investment Calculators

Retirement Calculators

Debt Calculators

Consolidated Statements of Financial Condition

As of December 31, 2013.

Assets

Cash and due from banks
$27,619,000
Federal funds sold
$0
Investment securities - available for sale
$0
Mortgage backed securities - held to maturity
$203,000
Loans held for sale
$0
Loans receivable - net of allowance for loan
losses of $3,862,000

$91,194,000
Foreclosed real estate
$6,983,000
Federal Home Loan Bank of Atlanta stock, at cost
$1,320,000
Premises and Equipment, net
$4,378,000
Accrued interest receivable
$349,000
Other assets
$10,840,000
Total assets
$142,886,000

Liabilities and Stockholders' Equity

Liabilities
Deposits
$113,214,000
Borrowings
$25,000,000
Advance payments by borrowers for taxes and insurance $288,000
Other liabilities $323,000
Total liabilities $138,825,000
 
Stockholders' Equity
Preferred stock, no par value, 1,000,000 shares authorized,
none issued and outstanding
 
Common stock, par value $.01, 9,000,000 shares authorized,
2,975,625 shares issued at December 31, 2013 and 2012 and
2,668,453 shares outstanding at
December 31, 2013 and 2012.
$30,000
Additional paid-in capital
$12,719,000
Retained earnings (substantially restricted)
($5,722,000)
Unearned Employee Stock Ownership Plan shares
($642,000)
Treasury stock at cost, 2011, 307,172 shares
($2,324,000)
Accumulated other comprehensive income
$0 
Total Stockholder's Equity
$4,061,000
 
Total liabilities and stockholders' equity
$142,886,000