|
|
 |
 |
|
STATEMENT OF INCOME
|
|
FOR THE PERIOD ENDING MARCH 31, 2008
|
| INCOME: |
|
|
EXPENSES: |
|
| Interest on loans |
$ 185,798.91
|
|
Operating Expenses |
$ 174,372.18
|
| Income from Investments |
70,868.94
|
|
Dividend and Interest |
96,628.87
|
| Fee and Misc. Income |
44,737.46
|
|
|
|
| Total Gross Income |
$ 301,405.31
|
|
Total Expense |
$ 271,001.05
|
| |
|
|
Net Income |
$ 30,404.26
|
|
STATEMENT OF FINANCIAL CONDITION
|
|
FOR THE PERIOD ENDING MARCH 31, 2008
|
| ASSETS: |
|
|
LIABILITIES: |
|
| Net Loans |
$ 11,533,824.95
|
|
Dividends Payable |
$ 3,605.21
|
| Cash Accounts |
208,880.29
|
|
Other Liabilities |
17,154.58
|
| Investments |
7,423,888.69
|
|
Total Liabilities |
$ 20,759.79
|
| Net Land/Building |
599,969.35
|
|
EQUITY: |
|
| Other Assets |
145,168.57
|
|
Total Shares |
$ 17,416,711.19
|
| |
|
|
Retained Earnings |
2,474,260.87
|
| Total Assets |
$ 19,911,731.85
|
|
Total Liabilities & Equity |
$ 19,911,731.85
|
|
|
