Statement of Condition

BOILING SPRINGS SAVINGS BANK AND SUBSIDIARIES
Consolidated Statement of Financial Condition
December 31, 2018

ASSETS 12/31/2017 12/31/2017 12/31/2018  12/31/2018
Cash and Due From Banks   48,524,000   34,546,000
Securities Available for Sale, at fair value   83,012,000   78,840,000
Federal Home Loan Bank of New York Stock, at cost   8,898,000   10,632,000
COCC Common Stock, at cost   -   230,000
Mortgage Backed Securities   56,542,000   49,074,000
Loans Receivable, Net   1,440,460,000   1,464,154,000
Real Estate Owned   3,048,000   2,014,000
Interest and Dividends Receivable   5,327,000   5,428,000
Office Premises and Equipment, Net   33,064,000   31,985,000
Other Assets   21,588,000   16,303,000
         TOTAL ASSETS     1,700,463,000    1,693,206,000
         
LIABILITIES AND EQUITY        
Deposits   1,305,278,000   1,253,948,000
Advances from the Federal Home Loan Bank of New York   160,000,000   196,500,000
Advances by Borrowers for Taxes and Insurance   12,150,000   12,405,000
Other Liabilities   12,725,000   12,157,000
         Retained Earnings 210,581,000   218,813,000  
         Common Stock 200,000   200,000  
         Accumulated Other Comprehensive income, net of tax (471,000)   (817,000)  
Total Equity   210,310,000   218,196,000
         TOTAL LIABILITIES AND EQUITY   1,700,463,000   1,693,206,000