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Annual Statements of Conditions

 

2023

Financial Strength

Selected Financial Data (in thousands), as of March 31 each year

  2023 2022 2021 2020 2019
Consolidated Assets $819,011 $887,601 $856,465 $644,319 $539,730
Deposits 650,097 781,717 742,988 558,447 466,847
Net Loans 617,703 475,452 436,166 420,218 398,061
Equity 89,258 90,080 89,601 66,491 61,603
Total Capital 100,625 98,184 95,186 71,683 65,614
 

Basel III Regulatory Capital Framework (Note 1) as of March 31, 2023

Presidential Bank, FSB

Consolidated Statement of Condition
Fiscal Year Ended March 31, 2023

 

Common Equity Tier 1 Capital Ratio Tier 1 Total Capital Ratio Total Capital Ratio Tier 1 Leverage Ratio
14.0% 14.0% 15.3% 11.7%

Note 1 – Regulatory capital is a key factor considered by the OCC to determine whether a savings association is operating in a safe and sound manner. At March 31, 2023, the Bank maintained capital levels that exceeded all regulatory minimums.
 

Assets  
Cash and cash equivalents $52,031,515
Federal funds sold 722,679
Investment securities – held-to-maturity 15,866,815
Investment securities – available-for-sale 52,230,382
Mortgage loans held for sale 38,464,240
Loans receivable, net 617,703,443
Accrued interest receivable 3,242,812
Federal home loan bank stock, at cost 1,675,200
Bank premises and equipment, net 3,187,675
Deferred income taxes 2,858,019
Income taxes receivable 293,406
Bank-owned life insurance 11,857,470
Other assets 18,877,674
Total assets $819,011,330
 
Liabilities and Equity  
Deposits $650,097,063
Mortgage funding and cashiers' checks outstanding 2,835,096
Federal Home Loan Bank & Federal Reserve advances 60,000,000
Advance payments from borrowers for taxes and insurance 3,461,992
Accrued expenses and other liabilities 13,359,448
Total liabilities $729,753,599
 
Shareholders' equity  
Capital stock ($1.00 par value) 428,829
Additional paid-in capital 6,381,193
Retained earnings 85,557,154
Accumulated other comprehensive loss (3,109,445)
Total equity $89,257,731
Total liabilities and equity $819,011,330
Last Modifications: 7/14/2023 9:24:32 AM