Statement of Condition

BOILING SPRINGS SAVINGS BANK AND SUBSIDIARIES
Consolidated Statement of Financial Condition
December 31, 2017

ASSETS  
Cash and Due From Banks 48,524,000
Securities Available for Sale, at fair value 83,012,000
Federal Home Loan Bank of New York Stock, at cost 8,898,000
Mortgage Backed Securities 56,542,000
Loans Receivable, Net 1,440,460,000
Real Estate Owned 3,048,000
Interest and Dividends Receivable 5,327,000
Office Premises and Equipment, Net 33,064,000
Other Assets 21,588,000
         TOTAL ASSETS 1,700,463,000

 

LIABILITIES AND EQUITY  
Deposits 1,305,278,000
Advances from the Federal Home Loan Bank of New York 160,000,000
Advances by Borrowers for Taxes and Insurance 12,150,000
Other Liabilities 12,725,000
         Retained Earnings 210,581,000
         Common Stock        200,000
         Accumulated Other Comprehensive income, net of tax       (471,000)
Total Equity 210,310,000
         TOTAL LIABILITIES AND EQUITY 1,700,463,000