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Presidential Bank, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 2013

Cash and cash equivalents $192,557,491
Federal funds sold 447,252
Investment securities - held-to-maturity 1,237,047
Mortgage loans held for sale 110,706,707
Loans receivable, net 218,394,057
Accrued interest receivable 1,385,431
Federal home loan bank stock, at cost 650,900
Bank premises and equipment, net 2,028,266
Deferred income taxes 4,698,534
Income taxes receivable 1,633,838
Other real estate owned, net 10,628,750
Other assets 4,931,276
Total assets $549,299,549

Liabilities and Equity
Deposits $482,741,367
Mortgage funding and cashiers' checks outstanding 4,120,952
Advance payments from borrowers for taxes and insurance 1,303,121
Accrued expenses and other liabilities 10,560,487
Total liabilities $498,725,927
Shareholders' equity
Capital stock ($1.00 par value) 428,829
Additional paid-in capital 6,381,193
Retained earnings 42,525,535
Total shareholders' equity $49,335,557
Non-controlling Interests 1,238,065
Total equity 50,573,622
Total liabilities and equity $549,299,549

NOTE: This statement has been prepared in accordance with the regulatory requirements of the Office of the Comptroller of the Currency (OCC). Tangible, Core, and Total Capital are the elements of regulatory capital determined under such reporting requirements. Regulatory capital is the basis by which the OCC determines whether a savings association is operating in a safe and sound manner. As of March 31, 2013, Presidential Bank's capital levels continue to exceed all regulatory minimums, with Core and Tangible Capital of $50,573,622 and Total Capital of $53,786,124.

Last Modifications: 10/22/2015 12:05:53 PM