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Presidential Bank, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 2019

Cash and cash equivalents $78,782,278
Federal funds sold 266,831
Investment securities - available-for-sale  34,447,397
Mortgage loans held for sale 34,249,421
Loans receivable, net 363,811,654
Accrued interest receivable 1,903,041
Federal home loan bank stock, at cost 479,500
Bank premises and equipment, net 3,270,942
Deferred income taxes 1,254,492
Income taxes receivable 333,807
Other real estate owned, net 745,177
Bank-owned life insurance 11,769,141
Other assets 8,415,893
Total assets $539,729,574
Liabilities and Equity
Deposits $466,847,280
Mortgage funding and cashiers' checks outstanding 2,156,087
Advance payments from borrowers for taxes and insurance 2,420,126
Accrued expenses and other liabilities 6,702,755
Total liabilities $478,126,248
Shareholders' equity
Capital stock ($1.00 par value) 428,829
Additional paid-in capital 6,381,193
Retained earnings 54,020,622
Accumulated other comprehensive loss -487,868
Total shareholders' equity $60,342,776
Non-controlling Interests 1,260,550
Total equity 61,603,326
Total liabilities and equity $539,729,574
Last Modifications: 7/22/2020 9:41:29 AM