Pay-Less Financial Services

2002 Statement of Condition

 

Assets

 

Cash deposits

$65,324,812

Corporate bonds

32,491,467

Mortgage-backed securities

372,905,653

Loans receivable - net of discounts

426,712,400

Investment in Federal Home Loan Bank stock

7,932,156

Other assets

25,190,541

Total assets

$930,557,029

Liabilities

 

Savings accounts

$823,121,932

Advance payments for taxes and insurance

11,345,915

Miscellaneous liabilities

10,556,632

Retained income - net worth

85,532,550

Total liabilities and net worth

$930,557,029

 

                             Last Updated 1/16/2003

                             By Hayley Wells

                             E-mail: wells@msn.com