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Presidential Bank, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 2005

Cash and due from banks $5,746,233
Federal funds sold 73,878,389
Investment securities - available-for-sale 5,418,226
Investment securities - held-to-maturity 6,839,522
Loans held for sale 39,120,100
Loans and leases receivable, net 285,635,736
Accrued interest receivable 1,395,640
Federal home loan bank stock, at cost 855,700
Bank premises and equipment, net 806,351
Deferred income taxes 331,005
Other assets 814,131
Total assets $420,841,033

Liabilities and Equity
Deposits $373,076,604
Mortgage funding and cashiers' checks outstanding 14,343,644
Advance payments from borrowers for taxes and insurance 1,191,245
Income taxes payable 53,352
Accrued expenses and other liabilities 1,583,923
Total liabilities $390,248,768
Minor interest in subsidiary 149,065
Shareholders' equity
Capital stock ($1.00 par value) 428,829
Additional paid-in capital 6,381,193
Other comprehensive loss (35,979)
Retained earnings 23,669,157
Total shareholders' equity $30,443,200
Total liabilities and shareholders' equity $420,841,033

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, 2005, Presidential Bank, FSB was in the "well capitalized" category as defined by OTS, with Core and Tangible Capital of $30,592,265 and Total Capital of $31,943,544, compared to the applicable minimum regulatory requirements of $6,311,359 for Tangible Capital, $16,830,290 for Core Capital, and $22,072,877 for Total Capital.

Last Modifications: 10/22/2015 12:08:02 PM