Financial
Strength
PRESIDENTIAL BANK, FSB
Consolidated Statement of
Condition
Fiscal Year-End March 31, 2009
| ASSETS: |
| |
|
| Cash and
due from banks |
$ 50,766,993
|
| Federal
funds sold |
438,892 |
| Investment
securities - available-for-sale |
3,618,447 |
| Investment
securities - held-to-maturity |
2,907,381 |
| Loans
held for sale |
51,443,507 |
| Loans and
leases receivable, net |
465,317,338 |
| Accrued
interest receivable |
2,601,121 |
| Federal
Home Loan Bank Stock, at cost |
1,015,800 |
| Bank premises
and equipment, net |
949,730 |
| Deferred
income taxes |
3,423,104 |
| Other Real Estate Owned |
8,782,209 |
| Other assets |
3,350,625 |
| |
__________ |
| Total Assets: |
$ 594,615,147 |
| LIABILITIES AND SHAREHOLDERS' EQUITY: |
| |
|
| Deposits |
$ 520,422,158 |
| Mortgage
funding and cashiers' checks outstanding |
15,537,706 |
| Advance payments from
borrowers for taxes and insurance |
1,540,868 |
| Income Taxes Payable |
42,028 |
| Federal Reserve Advances |
10,000,000 |
| Accrued
expenses and other liabilities |
3,237,658 |
| |
___________ |
| Total Liabilities:
|
$ 550,780,418 |
| Minority
interest in subsidiary |
$ 359,608 |
| Shareholders'
equity: |
|
| |
Capital
stock ($1.00 par value) |
428,829 |
| |
Additional
paid-in capital |
6,381,193 |
| |
Retained
earnings |
36,665,099 |
| |
___________ |
| Total Shareholders'
Equity: |
$ 43,475,121 |
| |
___________ |
| Total Liabilities
and Shareholders' Equity: |
$ 594,615,147 |
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, 2009, Presidential
Bank, FSB was in the "well capitalized" category as defined by OTS, with Core
and Tangible Capital of $43,834,729 and Total Capital of $49,171,207, compared
to the applicable minimum regulatory requirements of $8,916,732 for Tangible
Capital, $23,777,953 for Core Capital, and $34,316,470 for Total Capital.
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© 1995 - 2009 Presidential
Bank, FSB
last updated 12/03/2009 lmm
Member FDIC
