Statement of Condition
Strong and Steadfast
At Equitable Savings & Loan we pride ourselves on keeping a strong bottom line.
Unaudited: 31-December-2009
Assets
| Cash and Federal Funds Sold |
7,043,798.74 |
|
US Government - Held for Sale |
16,124,839.43 |
|
US Government - Held for Investment |
- |
|
Mortgage Loans |
155,133,371.31 |
|
Non-mortgage Loans |
968,619.84 |
|
Real Estate Owned |
- |
|
Federal Home Loan Bank Stock |
2,550,700.00 |
|
Office Buildings and Equipment |
1,252,453.93 |
|
Other Assets |
1,502,740.43 |
|
Total Assets |
$ 184,576,523.68 |
Liabilities
| Deposit Accounts |
138,951,656.01 |
|
Federal Home Loan Bank Advances |
20,000,000.00
|
|
Reserves for Borrowers' Taxes and Insurance |
1,607,941.17 |
|
Other Liabilities |
2,820,452.10 |
|
Total Liabilities |
$ 163,380,049.28 |
PERMANENT STOCK, RESERVES and UNDIVIDED PROFITS |
21,196,474.40
|
|
Liabilities and Capital |
$ 184,576,523.68
|
On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013.
Equitable Savings & Loan Association is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2009, all non interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.