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Click
to jump to: Statement of Condition | Income
Statement
Consolidated
Statement of Condition
Mascoma Mutual Financial Services Corp.
| ASSETS |
December 31, 2009 |
June 30, 2010
|
|
|
|
| Cash
and Cash Equivalents |
$12,271,635 |
$13,932,697 |
| U.S.
Government Securities and Obligations |
172,157,203 |
174,476,047 |
| Other
Investments |
30,677,794 |
34,924,608 |
| Real
Estate Mortgage Loans |
545,787,009 |
566,226,484 |
| Consumer
and Other Loans |
109,181,796 |
115,945,959 |
| |
|
|
| Total
Loans |
654,968,805 |
682,172,443 |
| Less:
Allowance for Loan Losses |
(9,200,344) |
(9,346,452) |
| |
|
|
| Net
Loans |
645,768,461 |
672,825,991 |
| Bank
Building and Equipment |
20,002,340 |
20,372,489 |
| Other
Assets |
30,279,363 |
34,844,854 |
| |
|
|
| TOTAL
ASSETS |
$911,156,795 |
$951,343,687 |
|
|
|
| LIABILITIES |
|
|
|
|
|
| Demand
and NOW Deposits |
$201,378,590 |
$215,348,980 |
| Savings,
Time and Other Deposits |
434,081,972 |
478,817,831 |
| |
|
|
| TOTAL
DEPOSITS |
635,460,563 |
694,166,811 |
|
|
|
| Sweep
Accounts |
95,634,920 |
83,982,710 |
| FHLB Borrowings |
81,450,473 |
71,426,561 |
| |
|
|
| TOTAL
BORROWINGS |
177,085,403 |
155,409,271 |
|
|
|
| Other
Liabilities |
8,915,282 |
8,647,337 |
| |
|
|
| TOTAL
LIABILITIES |
821,461,247 |
858,223,419 |
|
|
|
| CAPITAL |
|
|
|
|
|
| Retained
Earnings/Surplus |
88,973,880 |
92,438,123 |
Unrealized
Gain/(Loss)
on Investments, Net |
721,667 |
682,145 |
| |
|
|
| TOTAL
CAPITAL |
89,695,548 |
93,120,268 |
TOTAL
LIABILITIES
AND CAPITAL FUNDS |
$911,156,795 |
$951,343,687 |
Mascoma
Mutual Financial Services Corp.
Consolidated Income Statement
| |
12 months ending
December 31, 2009
|
6 months ending
June 30, 2010 |
| |
|
|
| Interest
Income |
$42,808,971 |
$21,001,124 |
| Interest
Expense |
13,237,324 |
5,783,799 |
| |
|
|
| Net
Interest Income |
29,571,647 |
15,217,325 |
| Provision
for Loan Losses |
1,925,000 |
500,000 |
| |
|
|
| Net
Income After Provision for Loan Losses |
27,646,647 |
14,717,325 |
| Other
Income |
7,778,801 |
2,947,466 |
| Gains
/ (Losses) on Sales of Securities |
72,724 |
129,144 |
| Other
Expenses |
28,146,805 |
13,093,319 |
| |
|
|
| Income
Before Income Taxes |
7,351,367 |
4,700,616 |
| Applicable
Income Taxes |
1,442,189 |
1,236,373 |
| |
|
|
| NET
INCOME |
$5,909,177 |
$3,464,243 |
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