PRESIDENTIAL BANK, FSB

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


    ASSETS:

      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 SHAREHOLDERS' 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

      Minority 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.

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last updated 05/06/2008 lmm
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PRESIDENTIAL BANK, FSB

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

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