Presidential Bank, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 2001

Assets
Cash and due from banks $2,953,303
Federal funds sold 70,749,944
Government-guaranteed securities 107,842
Mortgage-backed securities 6,232,602
Loans committed for sale 39,274,634
Loans and leases receivable, net 156,210,322
Accrued interest receivable 1,336,707
Federal home loan bank stock, at cost 1,250,000
Bank premises and equipment, net 1,304,019
Deferred income taxes 904,737
Other assets 1,250,886
Total assets $281,574,996

Liabilities and Equity
Deposits $230,389,075
Mortgage funding and cashiers' checks outstanding 19,155,897
Federal home loan bank advances 10,000,000
Advance payments from borrowers for taxes and insurance 828,246
Accrued expenses and other liabilities 1,088,892
Total liabilities $261,462,110
Minor interest in subsidiary 967,161
Shareholders' equity
Capital stock ($1.00 par value) 428,829
Additional paid-in capital 6,381,193
Retained earnings 12,335,703
Total shareholders' equity $19,145,725
Total liabilities and shareholders' equity $281,574,996

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, 2001, Presidential Bank, FSB was in the "well capitalized" category as defined by OTS, with Core and Tangible Capital of $20,112,886 and Total Capital of $22,300,992, compared to the applicable minimum regulatory requirements of $4,223,897 for Tangible Capital, $11,263,726 for Core Capital, and $14,151,861 for Total Capital.

Last Modifications: 10/22/2015 12:48:47 PM