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Loans receivable include approximately $301,623,000 and $268,583,000 of adjustable rate loans and $742,868,000 and $687,432,000 of fixed rate loans at December 31, 2002 and 2001, respectively. 

The amount of loans for which the accrual of interest has been discontinued totaled approximately $3,257,000 and $5,263,000 at December 31, 2002 and 2001 respectively. 

A summary of changes in the allowance for loan losses for the years ended December 31, 2002, 2001 and 2000 is as follows: 

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The following is a summary of information pertaining to impaired loans as of December 31: 

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The Company is also committed to lend an additional $513,000 to two customers whose loans are classified as impaired. 

## NOTE 5 - LOAN SERVICING: 

Mortgage loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balances of mortgage loans serviced for others were $16,094,000 and $24,382,000 at December 31, 2002 and 2001, respectively. 

Custodial escrow balances maintained in connection with the foregoing portfolio of loans serviced for others, and included in demand deposits, were approximately $58,000 and $84,000 at December 31, 2002 and 2001, respectively. The balance of mortgage servicing rights was $122,000 and $150,000 at December 31, 2002 and 2001, respectively. 

