About Us

Statement of Condition

      (Unaudited)  
      June 30,  
(in thousands)   2010   2009
         
         
Assets        
         
Cash & cash equivalents $  25,325 $  15,495
Investment securities   20,547   28,211
Federal Home Loan Bank stock   5,296   5,296
         
Residential real estate   221,722   235,238
Commercial real estate   95,184   88,557
Home equity loans   24,745   24,955
Commercial loans   11,829   10,155
Consumer loans   5,899
 8,274
Total loans   359,379   367,179
Allowance for loan losses   (3,369)
   (2,967)
Loans, net   356,010
   364,212
         
Banking premises and equipment   9,299   9,232
Other assets   19,262
   23,684
         
         
Total assets   435,739
   446,130
         
Liabilities and Retained Earnings        
         
Deposits   343,061   333,418
Federal Home Loan Bank borrowings   54,721   73,867
Other liabilities   1,157   5,893
Retained earnings   36,800
   32,952
         
         
Total liabilities & retained earnings $  435,739
 $  446,130