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Athens Federal Community Bank
Consolidated Statement of Financial Condition
December 31, 2007
| Assets | Liabilities and Net Worth | ||
| Cash and Equivalents | $9,284,410 | Deposits | $197,344,088 |
| Investments | $22,981,386 | Repurchase Agreements | $1,150,972 |
| Loans-Net of Provisions | $178,603,012 | Borrowings | $5,532,273 |
| Fixed Assets | $5,864,638 | Interest Payable | $454,450 |
| Int Receivable-Investments | $1,245,724 | Other Liabilities | $2,605,455 |
| Intangible Assets | $797,123 | Total Liabilities | $207,087,238 |
| BOLI/COMP Investments | $6,304,394 | Total Equity |
$23,270,517 |
| Investments Carried at Cost | $4,746,000 | Total Liabilities & Equity |
$230,357,755 |
| Deferred Tax Benefit | $90,368 | ||
| Other Assets | $440,700 | ||
| Total Assets |
$230,357,755 |
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Athens Federal Community Bank Mission Statement
Athens Federal is a community bank committed to meeting its customers' home mortgage and other financial needs. Bank management and employees are united in their efforts to profitably serve the community through achieving customer satisfaction and offering quality service with a full range of financial products and services.
Customers are the most important asset and will be treated with dignity and respect. Employees will be provided with a stimulating and challenging work environment which encourages, develops and rewards excellence. The bank will always maintain integrity and compassion. All the Bank's partners: customers, employees, communities and shareholders will benefit from the Bank's success.
The Savings Association Fund, an agency of the United States Government, insures all depositors up to $100,000 in accordance with the rules and regulations of the FDIC.
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Athens Federal Community Bank
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