Presidential Bank, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 2000

Cash and due from banks $2,720,719
Federal funds sold 31,426,598
Government-guaranteed securities 151,022
Mortgage-backed securities 3,661,958
Loans committed for sale 8,884,153
Loans and leases receivable, net 138,167,920
Accrued interest receivable 1,030,046
Federal home loan bank stock, at cost 936,200
Bank premises and equipment, net 856,390
Deferred income taxes 617,473
Other assets 697,297
Total assets $189,149,776

Liabilities and Equity
Deposits $155,357,234
Mortgage funding and cashiers' checks outstanding 6,128,024
Federal home loan bank advances 10,000,000
Advance payments from borrowers for taxes and insurance 711,438
Accrued expenses and other liabilities 692,371
Total liabilities $172,889,067
Minor interest in subsidiary 1,269,122
Shareholders' equity
Capital stock ($1.00 par value) 342,844
Additional paid-in capital 2,467,156
Retained earnings 12,181,587
Total shareholders' equity $14,991,587
Total liabilities and shareholders' equity $189,149,776

NOTE: This statement has been prepared in accordance with the regulatory requirements of the Office of Thrift Supervision (OTS). Tangible, Core, and Total Capital are the elements of regulatory capital determined under such reporting requirements. Regulatory capital is the basis by which the OTS determines whether a savings association is operating in a safe and sound manner. As of March 31, 2000, Presidential Bank, FSB was in the "well capitalized" category as defined by OTS, with Core and Tangible Capital of $16,260,710 and Total Capital of $17,938,761, compared to the applicable minimum regulatory requirements of $2,837,612 for Tangible Capital, $7,566,966 for Core Capital, and $10,930,580 for Total Capital.

Last Modifications: 10/22/2015 12:53:32 PM