Presidential Bank, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 2007

Assets
Cash and due from banks $2,980,332
Federal funds sold 71,033,601
Investment securities - available-for-sale 5,843,118
Investment securities - held-to-maturity 4,306,345
Loans held for sale 20,573,406
Loans and leases receivable, net 412,690,333
Accrued interest receivable 2,746,877
Federal home loan bank stock, at cost 947,500
Bank premises and equipment, net 1,469,852
Deferred income taxes 915,634
Income taxes receivable 324,033
Other assets 2,910,342
Total assets $526,741,373

Liabilities and Equity
Deposits $475,446,608
Mortgage funding and cashiers' checks outstanding 8,418,141
Advance payments from borrowers for taxes and insurance 1,371,810
Accrued expenses and other liabilities 1,158,071
Total liabilities $486,394,630
Minor interest in subsidiary 107,166
Shareholders' equity
Capital stock ($1.00 par value) 428,829
Additional paid-in capital 6,381,193
Other comprehensive loss (73,043)
Retained earnings 33,502,598
Total shareholders' equity $40,239,577
Total liabilities and shareholders' equity $526,741,373

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, 2007, Presidential Bank, FSB was in the "well capitalized" category as defined by OTS, with Core and Tangible Capital of $40,346,743 and Total Capital of $42,010,242, compared to the applicable minimum regulatory requirements of $7,900,957 for Tangible Capital, $21,069,218 for Core Capital, and $30,521,088 for Total Capital.

Last Modifications: 10/22/2015 12:53:39 PM