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Presidential Bank, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 2011

Cash and cash equivalents $181,260,237
Federal funds sold 139,593
Investment securities - held-to-maturity 1,823,031
Mortgage loans held for sale 44,473,565
Loans receivable, net 330,018,231
Accrued interest receivable 2,128,321
Federal home loan bank stock, at cost 3,143,000
Bank premises and equipment, net 1,965,477
Deferred income taxes 5,709,544
Income taxes receivable 2,716,859
Other real estate owned, net 11,847,967
Other assets 6,609,954
Total assets $591,835,779

Liabilities and Equity
Deposits $537,223,956
Mortgage funding and cashiers' checks outstanding 3,233,444
Advance payments from borrowers for taxes and insurance 1,687,986
Accrued expenses and other liabilities 5,037,189
Total liabilities $547,182,575
Shareholders' equity
Capital stock ($1.00 par value) 428,829
Additional paid-in capital 6,381,193
Retained earnings 36,270,101
Total shareholders' equity $43,080,123
Non-controlling Interests 1,573,081
Total equity 44,653,204
Total liabilities and equity $591,835,779

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, 2011, Presidential Bank's capital levels continue to exceed all regulatory minimums, with Core and Tangible Capital of $44,653,204 and Total Capital of $48,865,613.

Last Modifications: 10/22/2015 12:06:27 PM