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Presidential Bank, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 2012

Cash and cash equivalents $100,435,178
Federal funds sold 3,007,697
Investment securities - held-to-maturity 1,499,471
Mortgage loans held for sale 121,516,996
Loans receivable, net 272,102,753
Accrued interest receivable 1,695,553
Federal home loan bank stock, at cost 1,596,000
Bank premises and equipment, net 2,291,614
Deferred income taxes 4,673,293
Income taxes receivable 1,676,482
Other real estate owned, net 15,392,827
Other assets 6,219,462
Total assets $532,107,326

Liabilities and Equity
Deposits $469,943,223
Mortgage funding and cashiers' checks outstanding 3,711,830
Advance payments from borrowers for taxes and insurance 1,610,225
Accrued expenses and other liabilities 9,965,797
Total liabilities $485,231,075
Shareholders' equity
Capital stock ($1.00 par value) 428,829
Additional paid-in capital 6,381,193
Retained earnings 38,831,865
Total shareholders' equity $45,641,887
Non-controlling Interests 1,234,364
Total equity 46,876,251
Total liabilities and equity $532,107,326

NOTE: This statement has been prepared in accordance with the regulatory requirements of the Office of the Comptroller of the Currency (OCC). Tangible, Core, and Total Capital are the elements of regulatory capital determined under such reporting requirements. Regulatory capital is the basis by which the OCC determines whether a savings association is operating in a safe and sound manner. As of March 31, 2012, Presidential Bank's capital levels continue to exceed all regulatory minimums, with Core and Tangible Capital of $46,876,251 and Total Capital of $50,868,438.

Last Modifications: 10/22/2015 12:06:08 PM