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May 17, 2008
Financial Statement

Statement Of Condition

December 31, 2007

Assets
Cash and Due from Banks     $14,562,030.72
United States Government Corporations and Agencies*     61,810,749.63
Mortgage Pass through Securities     28,472,143.73
Common Stock*     12,625,468.44
Real Estate Mortgage Loans   $118,797,556.07  
Conventional $104,150,272.81    
Home Equity Loans 11,959,026.15    
SBA Loans 2,688,257.11    
Other Loans     31,149,900.27
Other Assets     28,556,133.16
Total Assets     $295,973,982.02

Liabilities And Net Worth Accounts
Savings Deposits $78,644,183.46
Time Deposits and Money Market Accounts 110,675,746.78
Checking Accounts 56,285,780.05
Other Demand Deposits 11,255.31
Other Liabilities 2,042,860.89
Net Worth Accounts 48,314,155.53
Total Liabilities and Net Worth $295,973,982.02

*Available-For-Sale Securities Investments decreased $1,015,506.38 due to FASB 115 adjustments for net unrealized gain in market values.