|
|
|
December 31, 2003
|
Assets |
|
Liabilities |
|
Cash and Equivalents
|
$ 2,251,002 |
|
Savings Accounts
|
$ 46,104,448 |
|
Investments
|
17,122,409 |
|
Advances from FHLB
|
0 |
|
Mortgages – Net |
23,765,196 |
|
Advances by Borrowers for Taxes and Insurance |
337,768 |
|
Other Loans |
6,522,785 |
|
Other Liabilities |
312,219 |
|
Real Estate Owned |
0 |
|
|
|
|
FHLB Stock |
138,200 |
|
Total Liabilities |
$
46,754,435
|
|
Office Building and Equipment
(less depreciation) |
366,770 |
|
|
|
|
Other Assets |
232,777
|
|
Net
Worth |
| |
|
|
Federal Insurance Reserve |
$ 249,160 |
| |
|
|
Undivided Profit |
3,415,566 |
| |
|
|
Reclassification Loss |
0 |
| |
|
|
Unrealized Gain/Loss
|
(20,002) |
| |
|
|
|
|
|
|
|
Total Net Worth |
$ 3,644,704 |
| |
|
|
|
|
|
Total Assets |
$
50,399,139 |
|
Total
Liabilities
and Net Worth |
$
50,399,139 |
** COPIES OF THE ANNUAL AUDITED FINANCIAL
STATEMENT ARE AVAILABLE UPON REQUEST **
This statement has been prepared in accordance with the
regulatory reporting requirements of the Office of Thrift
Supervision (OTS). Tangible, Core, and Risk-Based Capital are the
elements of regulatory capital determined under such reporting
requirements, Regulatory Capital is a basis by which the OTS
determines whether a Savings Association is operating in a safe and
sound manner.
I, James D. Schreiber, President/CEO of
County
Savings Bank, do hereby declare that this statement of condition has
been prepared in conformance with the instructions issued by the OTS
and is true to the best of my knowledge and belief. |
