Presidential Bank, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 2008

Cash and due from banks $2,927,338
Federal funds sold 49,895,873
Investment securities - available-for-sale 6,059,386
Investment securities - held-to-maturity 3,851,125
Loans held for sale 18,678,925
Loans and leases receivable, net 441,331,545
Accrued interest receivable 2,529,251
Federal home loan bank stock, at cost 981,900
Bank premises and equipment, net 1,174,265
Deferred income taxes 1,614,779
Income taxes receivable 455,729
Other assets 12,082,672
Total assets $541,582,788

Liabilities and Equity
Deposits $481,498,948
Mortgage funding and cashiers' checks outstanding 7,196,490
Advance payments from borrowers for taxes and insurance 1,476,344
Accrued expenses and other liabilities 8,795,506
Total liabilities $498,967,288
Minor interest in subsidiary 73,875
Shareholders' equity
Capital stock ($1.00 par value) 428,829
Additional paid-in capital 6,381,193
Other comprehensive loss (124,680)
Retained earnings 35,856,283
Total shareholders' equity $42,541,625
Total liabilities and shareholders' equity $541,582,788

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, 2008, Presidential Bank, FSB was in the "well capitalized" category as defined by OTS, with Core and Tangible Capital of $42,615,500 and Total Capital of $45,816,454, compared to the applicable minimum regulatory requirements of $8,012,484 for Tangible Capital, $21,366,625 for Core Capital, and $31,982,245 for Total Capital.

Last Modifications: 10/22/2015 12:48:54 PM