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Presidential Bank, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 2016

Cash and cash equivalents $69,935,544
Federal funds sold 210,828
Investment securities - available-for-sale  73,189,060
Mortgage loans held for sale 74,238,144
Loans receivable, net 315,231,033
Accrued interest receivable 1,897,544
Federal Home Loan Bank stock, at cost 592,400
Bank premises and equipment, net 2,142,387
Deferred income taxes 4,361,575
Income taxes receivable 195,065
Other real estate owned, net 4,380,635
Bank-owned life insurance 10,859,388
Other assets 6,916,599
Total assets $564,150,202
Liabilities and Equity
Deposits $496,258,512
Mortgage funding and cashiers' checks outstanding 3,105,571
Advance payments from borrowers for taxes and insurance 1,930,324
Accrued expenses and other liabilities 9,522,400
Total liabilities $510,816,807
Shareholders' equity
Capital stock ($1.00 par value) 428,829
Additional paid-in capital 6,381,193
Retained earnings 46,784,360
Accumulated other comprehensive loss -1,510,252
Total shareholders' equity $52,084,130
Non-controlling Interests 1,249,265
Total equity 53,333,395
Total liabilities and equity $564,150,202


Last Modifications: 7/26/2017 4:47:54 PM