December 31, 2007
(unaudited)

Assets

Cash And Due From Banks
$25,929,574
Investment Securities Available for Sale, At Fair Value
88,977,909
Investment Securities Held To Maturity, At Cost
138,577,702
Federal Home Loan Bank Of NY Stock, At Cost
1,858,400
Loans, Net
246,769,566
Premises and Equipment, Net
11,752,577
Other Assets
27,200,693
TOTAL ASSETS
$541,066,421

Liabilities & Equity

Non interest-Bearing Deposits
$57,837,754
Interest-Bearing Deposits
371,863,484
Borrowed Funds
22,878,000
Escrow & Other Liabilities
11,320,120
Total Liabilities
$463,899,358
Total Equity
$77,167,063
TOTAL LIABILITIES AND EQUITY
$541,066,421

President's Message