|
Comparative Statement
Financial Condition
December 31, 2001
|
| | (Audited) | (Audited) |
| Assets | 2000 | 2001 |
| Loans to Members |
$39,249,850 |
$43,392,414 |
Allowance for
Loan Losses |
(467,883) |
(465,556) |
| |
|
|
| Investments |
25,984,855 |
43,792,101 |
| Cash |
1,822,800 |
2,771,604 |
| Premises & Equipment |
281,210 |
240,031 |
| Accrued Income |
505,524 |
375,420 |
| Other Real Estate Owned | 0 |
0 |
| Other Assets |
35,491 |
72,659 |
|
__________ |
__________ |
| Total Assets |
$67,411,847 |
$90,178,673 |
| |
|
|
| Deposits |
|
|
| Share Accounts |
$9,523,812 |
$11,180,445 |
| Share Checking |
4,042,375 |
5,499,311 |
| Clubs |
157,557 |
160,195 |
| Certificates |
27,717,039 |
38,024,909 |
| Money Markets |
1,649,480 |
1,184,366 |
Individual Retirement
Accounts |
4,191,679 |
5,035,530 |
|
__________ |
__________ |
| Total Deposits |
$47,281,941 |
$61,084,756 |
| |
|
|
| Liabilities |
|
|
| Accounts Payable |
$7,266 |
$8,412 |
| Other Liabilities |
146,266 |
(92,624) |
| Borrowed Funds |
9,037,932 |
17,288,222 |
|
__________ |
__________ |
| Total Liabilities |
$56,473,404 |
$78,288,765 |
| |
|
|
| Equity |
|
|
| Regular Reserve |
$1,167,930 |
$1,740,276 |
| Undivided Earnings |
9,770,513 |
10,149,632 |
|
__________ |
__________ |
| Total Equity |
$10,938,443 |
$11,889,908 |
| |
|
|
Total Liability
& Reserves |
$67,411,847 |
$90,178,673 |
|
