Significant Concentration of Credit Risk

12 Months Ended

Dec. 31, 2019

Significant Concentration of Credit Risk

Significant Concentration of Credit Risk

Note 17 - Significant Concentration of Credit Risk –

The Federal Deposit Insurance Corporation (FDIC) provides insurance coverage under defined limits. The Company maintains cash balances at various financial institutions which may periodically exceed the federally insured amount. 

Most of the Company’s lending activity is represented by loans receivable secured principally by first mortgages on real estate located within Louisiana.  Additionally, the substantial portion of the real estate upon which the Company has extended credit is on residential properties; however, the Company has extended credit on non-residential properties.