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STATEMENT OF INCOME & EXPENSE
Year Ended December 31, 2009
| Assets | Current Year | Previous Year |
| Loans | 328,800,737.63 | 292,697,670.56 |
| Allowance for Loan Loss | (3,248,191.99) | (1,997,192.00) |
| Cash | 3,105,128.29 | 3,487,758.16 |
| Investments Held-to-Maturity | 59,464,512.61 | 30,164,607.68 |
| Investments Available-for-Sale | 471,542.81 | 1,019,302.42 |
| Prepaid Assets | 4,424,967.06 | 1,301,972.63 |
| Furniture & Equipment (Net) | 2,321,793.47 | 2,722,836.86 |
| Leasehold Improvements (Net) | 14,646,544.64 | 15,070,501.34 |
| Other Assets | 5,604,491.16 | 4,157,000.32 |
| Total Assets | $415,591,525.68 | $348,624,457.97 |
| Liabilities | ||
| Current Liabilities | 23,701,539.70 | 4,098,450.90 |
| Other Liabilities | 247,905.00 | 248,473.00 |
| Total Liabilities | $23,949,444.70 | $4,346,923.90 |
| Equity | ||
| Regular Shares | 79,574,077.23 | 75,683,241.15 |
| Share Draft | 28,905,995.57 | 25,982,058.30 |
| Special Shares | 259,953.49 | 287,194.81 |
| Christmas Accounts | 620,809.49 | 651,412.04 |
| Certificates | 208,162,712.25 | 180,071,755.86 |
| IRAs | 36,493,344.46 | 24,611,996.90 |
| Total Deposits | $354,016,892.49 | $307,287,659.06 |
| Regular Reserve | 9,611,403.79 | 9,611,403.79 |
| Special Reserve | 3,651,594.24 | 3,651,594.24 |
| Contingency Reserve | 1,783,812.96 | 1,783,812.96 |
| Pension Reserve | (921,994.00) | (921,994.00) |
| Undivided Earnings | 23,486,238.61 | 22,851,671.98 |
| Unrealized Gain/(Loss) | ||
| Available-for-Sale Securities | 11,210.90 | 10,046.28 |
| Held-to-Maturity Reclassification | 2,921.99 | 3,339.76 |
| Total Liabilities & Equity | $415,591,525.68 | $348,624,457.97 |