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Presidential Bank, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 2009

Cash and due from banks $50,766,993
Federal funds sold 438,892
Investment securities - available-for-sale 3,618,447
Investment securities - held-to-maturity 2,907,381
Loans held for sale 51,443,507
Loans and leases receivable, net 465,317,338
Accrued interest receivable 2,601,121
Federal home loan bank stock, at cost 1,015,800
Bank premises and equipment, net 949,730
Deferred income taxes 3,423,104
Other real estate owned 8,782,209
Income taxes receivable 1,934,150
Other real estate owned 11,352,288
Other assets 3,350,625
Total assets $594,615,147

Liabilities and Equity
Deposits $520,422,158
Mortgage funding and cashiers' checks outstanding 15,537,706
Advance payments from borrowers for taxes and insurance 1,540,868
Income taxes payable 42,028
Federal reserve advances 10,000,000
Accrued expenses and other liabilities 3,237,658
Total liabilities $550,780,4185
Minor interest in subsidiary 359,608
Shareholders' equity
Capital stock ($1.00 par value) 428,829
Additional paid-in capital 6,381,193
Retained earnings 36,665,099
Total shareholders' equity $43,475,121
Total liabilities and shareholders' equity $594,615,147

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, 2009, Presidential Bank, FSB was in the "well capitalized" category as defined by OTS, with Core and Tangible Capital of $43,834,729 and Total Capital of $49,171,207, compared to the applicable minimum regulatory requirements of $8,916,732 for Tangible Capital, $23,777,953 for Core Capital, and $34,316,470 for Total Capital.

Last Modifications: 10/22/2015 12:06:57 PM