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Presidential Bank, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 2020

Cash and cash equivalents $36,889,904
Federal funds sold 742,506
Investment securities - available-for-sale  34,206,800
Mortgage loans held for sale 116,491,047
Loans receivable, net 420,217,995
Accrued interest receivable 2,076,908
Federal home loan bank stock, at cost 555,500
Bank premises and equipment, net 3,494,894
Deferred income taxes 626,710
Income taxes receivable 387,741
Bank-owned life insurance 12,044,115
Other assets 16,584,381
Total assets $644,318,501
Liabilities and Equity
Deposits $558,446,867
Mortgage funding and cashiers' checks outstanding 2,711,548
Advance payments from borrowers for taxes and insurance 2,713,328
Accrued expenses and other liabilities 13,955,656
Total liabilities $577,827,399
Shareholders' equity
Capital stock ($1.00 par value) 428,829
Additional paid-in capital 6,381,193
Retained earnings 59,133,766
Accumulated other comprehensive loss 547,314
Total equity $66,491,102
Total liabilities and equity $644,318,501
Last Modifications: 9/29/2021 3:05:03 PM