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