Financials

CONDENSED STATEMENT OF CONDITION
AS OF DECEMBER 31, 2018

Assets:Total:
Cash and due from banks 624,732
Interest-bearing deposits with other financial institutions 9,389,981
Securities available for sale, at fair value 78,808
Loans, less allowance for loan losses 151,467,451
Accrued interest receivable 489,189
Other real estate owned 0
Premises and equipment, net 294,044
Prepaid expenses and other assets 175,337
Federal Home Loan Bank stock, at cost 995,300
Mortgage servicing rights 170,275
TOTAL ASSETS $163,685,117
Liabilities and Stockholder's Equity:,Total
Deposits 121,229,915
Borrowings from Federal Home Loan Bank                      18,157,379
Accounts payable and accrued expenses 321,610
Income taxes payable 11,193
TOTAL LIABILITIES $139,720,097
Stockholder's equity 23,965,020
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $163,685,117

IF YOU DESIRE MORE DETAILED INFORMATION - A COPY OF THE COMPANY'S AUDITED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018, AND FOR THE PERIOD JANUARY 1, 2018 TO DECEMBER 31, 2018, IS AVAILABLE FOR YOUR INSPECTION IN ANY OF OUR COMPANY'S OFFICES DURING REGULAR BUSINESS HOURS.