Bank Financial Statement

MILLVILLE SAVINGS AND LOAN ASSOCIATION CONSOLIDATED BALANCE SHEET

For the period ending December 31,
	2008	2007
ASSETS
Cash and due from banks	$4,313,188	$3,751,024
Interest-bearing deposits with other institutions	4,395,704	799,669
Cash and cash equivalents	8,708,892	4,550,693
Investment securities available for sale	19,306,357	-
Investment securities held to maturity (estimated market value of $6,902,265 and $28,434,291)	6,800,385	28,546,233
Mortgage-backed securities available for sale	6,763,731	-
Mortgage-backed securities held to maturity (estimated market value of $13,948,408 and $18,491,957)	13,845,557	18,757,581
Loans receivable (net of allowance for loan losses of $401,108 and $374,000)	46,525,453	46,482,559
Accrued Interest receivable	555,597	509,970
Federal Home Loan Bank stock	124,700	132,500
Premises and equipment	1,926,053	1,974,200
Other assets	257,473	241,154
TOTAL ASSETS	$104,814,198	$101,194,890
LIABILITIES AND RETAINED EARNINGS
Deposits	$90,450,818	$87,059,075
Advances by borrowers for taxes and insurance	309,205	212,239
Accrued interest payable	85,161	97,056
Other liabilities	224,737	314,836
TOTAL LIABILITIES	91,069,921	87,683,206
Retained earnings	14,069,848	13,511,684
Accumulated other comprehensive loss	(325,571)	-
	13,744,277	13,511,684
TOTAL LIABILITIES AND RETAINED EARNINGS	$104,814,198	$101,194,890