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The amortized cost and estimated fair value by maturity of investment securities at December 31, 2002 are shown in the following table. Securities are classified according to their contractual maturities without consideration of principal amortization, potential prepayments or call options. Accordingly, actual maturities may differ from contractual maturities. 

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The following is a summary of realized gains and losses from the sale of securities available for sale: 

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The tax benefit (provision) applicable to these realized gains and losses is calculated at the federal income tax rate of 35%. 

## NOTE 4 – LOANS RECEIVABLE: 

Loans receivable at December 31, 2002 and 2001 consists of the following: 

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