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Presidential Bank, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 2004

Cash and due from banks $4,797,576
Federal funds sold 120,225,734
Investment securities - available-for-sale 5,438,104
Investment securities - held-to-maturity 2,578,198
Loans held for sale 35,682,599
Loans and leases receivable, net 236,446,898
Accrued interest receivable 1,130,042
Federal home loan bank stock, at cost 881,800
Bank premises and equipment, net 950,278
Deferred income taxes 283,259
Other assets 1,000,873
Total assets $409,415,361

Liabilities and Equity
Deposits $363,975,848
Mortgage funding and cashiers' checks outstanding 14,121,387
Advance payments from borrowers for taxes and insurance 1,311,728
Income taxes payable 377,671
Accrued expenses and other liabilities 1,876,704
Total liabilities $381,663,338
Minor interest in subsidiary 385,465
Shareholders' equity
Capital stock ($1.00 par value) 428,829
Additional paid-in capital 6,381,193
Retained earnings 20,556,536
Total shareholders' equity $27,366,558
Total liabilities and shareholders' equity $409,415,361

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, 2004, Presidential Bank, FSB was in the "well capitalized" category as defined by OTS, with Core and Tangible Capital of $27,752,023 and Total Capital of $28,666,427, compared to the applicable minimum regulatory requirements of $6,135,629 for Tangible Capital, $16,361,676 for Core Capital, and $19,223,703 for Total Capital.

Last Modifications: 10/22/2015 12:08:16 PM