About Us

Statement of Condition

      (Unaudited)  
      June 30,  
(in thousands)   2009   2008
         
         
Assets        
         
Cash & cash equivalents $  15,495 $  16,299
Investment securities   28,211   52,363
Federal Home Loan Bank stock   5,296   5,196
         
Residential real estate   235,238   227,916
Commercial real estate   88,557   82,583
Home equity loans   24,955   21,527
Commercial loans   10,155   9,700
Consumer loans   8,274
 11,719
Total loans   367,179   353,445
Allowance for loan losses   (2,967)
   (2,513)
Loans, net   364,212
   350,932
         
Banking premises and equipment   9,232   9,336
Other assets   23,684
   19,239
         
         
Total assets   446,130
   453,365
         
Liabilities and Retained Earnings        
         
Deposits   333,418   320,096
Federal Home Loan Bank borrowings   73,867   85,169
Other liabilities   5,893   5,074
Retained earnings   32,952
   43,026
         
         
Total liabilities & retained earnings $  446,130
 $  453,365