Financials

CONDENSED STATEMENT OF CONDITION
AS OF DECEMBER 31, 2017

Assets:Total:
Cash and due from banks 408,382
Interest-bearing deposits with other financial institutions 8,810,358
Securities available for sale, at fair value 115,762
Loans, less allowance for loan losses 147,242,884
Accrued interest receivable 475,342
Other real estate owned 0
Premises and equipment, net 360,140
Prepaid expenses and other assets 519,122
Federal Home Loan Bank stock, at cost 976,100
Mortgage servicing rights 176,284
TOTAL ASSETS $159,084,374
Liabilities and Stockholder's Equity:,Total
Deposits 119,762,874
Borrowings from Federal Home Loan Bank                      15,361,066
Accounts payable and accrued expenses 147,103
Income taxes payable 0
TOTAL LIABILITIES $135,271,043
Stockholder's equity 23,813,331
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $159,084,374

IF YOU DESIRE MORE DETAILED INFORMATION - A COPY OF THE COMPANY'S AUDITED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2017, AND FOR THE PERIOD JANUARY 1, 2017 TO DECEMBER 31, 2017, IS AVAILABLE FOR YOUR INSPECTION IN ANY OF OUR COMPANY'S OFFICES DURING REGULAR BUSINESS HOURS.