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Assets
December 31 December 31, 2015 December 31, 2014
Cash $125,313 $101,286
Liquidity and Investments $98,601,665 $131,531,055
Mortgage Loans $212,780,159 $217,602,222
Investments in Real Estate $42,345,641 $51,540,174
Federal Home Loan Bank Stock $1,715,500 $1,732,400
Property and Equipment $1,822,509 $1,712,523
Accrued Interest Receivable $958,974 $919,723
Prepaid Expenses and Other Assets $735,083 $951,871
Total Assets $359,084,844 $406,091,254
Liabilities and Stockholders' Equity
December 31 December 31, 2015 December 31, 2014
Deposits $263,223,393 $314,559,128
Federal Home Loan Bank Advances $30,000,000 $30,000,000
Mortgage Escrow Accounts $1,381,182 $1,239,376
Accrued Interest Payable $197,697 $258,376
Accrued Expenses and Other Liabilities $4,228,368 $4,790,055
Total Liabilities $299,030,640 $350,846,935
Total Stockholders' Equity (1) $60,054,204 $55,244,319
Total Liabilities and Stockholders' Equity $359,084,844 $406,091,254

(1) The table below reconciles stockholders' equity, as presented in accordance with generally accepted accounting principles, with core and total capital, and as a percentage of adjusted total assets and risk-weighted assets, respectively.

The Federal Deposit Insurance Corporation (FDIC), an agency of the U.S. Government, insures all depositors' savings up to $250,000 in accordance with the rules and regulations of the FDIC.

December 31 , 2015 Core Capital Total Capital
Stockholders' Equity $60,054,204 16.48% $60,054,204 29.75%
General Valuation Allowance ----------- 0.00% $2,531,925 1.25%
Fully Capitalized Items ----------- 0.00% ($550,500) (0.27%)
Excluded Portion of Investments in Subsidiaries ----------- 0.00% ----------- 0.00%
Total $60,054,204 16.48% $62,035,629 30.73%
Required Minimum ($14,578,665) (4.00%) ($16,151,440) (8.00%)
Excess Capital $45,475,539 12.48% $45,884,189 22.73%

Regulatory Capital is the basis by which the Office of the Comptroller of the Currency determines whether an institution is solvent and whether an institution is meeting its regulatory capital requirements.

The Bank's annual financial statements are audited by the independent auditing firm of KPMG LLP, Certified Public Accountants.


 

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