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Presidential Bank, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 2002

Cash and due from banks $3,786,198
Federal funds sold 77,632,443
Investment securities - available-for-sale 2,100,00
Investment securities - held-to-maturity 5,920,249
Loans held for sale 22,286,965
Loans and leases receivable, net 154,318,799
Accrued interest receivable 1,176,071
Federal home loan bank stock, at cost 1,293,500
Bank premises and equipment, net 1,155.418
Deferred income taxes 290,192
Prepaid income taxes 226,855
Other assets 1,407,663
Total assets $271,594,353

Liabilities and Equity
Deposits $223,888,756
Federal home loan bank advances 10,000,000
Mortgage funding and cashiers' checks outstanding 13,722,930
Advance payments from borrowers for taxes and insurance 720,926
Accrued expenses and other liabilities 1,065,161
Total liabilities $249,397,773
Minor interest in subsidiary 821,494
Shareholders' equity
Capital stock ($1.00 par value) 428,829
Additional paid-in capital 6,381,193
Retained earnings 14,565,064
Total shareholders' equity $21,375,086
Total liabilities and shareholders' equity $271,594,353

NOTE: This statement has been prepared in accordance with the regulatory requirements of the Office of Thrift Supervision (OTS). Tangible, Core, and Total Capital are the elements of regulatory capital determined under such reporting requirements. Regulatory capital is the basis by which the OTS determines whether a savings association is operating in a safe and sound manner. As of March 31, 2002, Presidential Bank, FSB was in the "well capitalized" category as defined by OTS, with Core and Tangible Capital of $22,196,580 and Total Capital of $23,378,494, compared to the applicable minimum regulatory requirements of $4,075,176 for Tangible Capital, $10,867,136 for Core Capital, and $13,200,890 for Total Capital.

Last Modifications: 10/22/2015 12:08:45 PM