PRESIDENTIAL SAVINGS BANK, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 1999


    ASSETS:

      Cash and due from banks                             $  4,779,999
      Federal funds sold                                    60,010,752
      Government-guaranteed securities                         188,745
      Mortgage-backed securities                             6,068,277
      Loans committed for sale                              18,586,666
      Loans and leases receivable, net                      99,028,192
      Accrued interest receivable                              879,487
      Federal Home Loan Bank Stock, at cost                    936,200
      Bank premises and equipment, net                         506,580
      Deferred income taxes                                    290,178
      Other Assets                                             476,095
                                                      ________________
      Total Assets:                                       $191,751,171

    LIABILITIES AND SHAREHOLDERS' EQUITY:

      Deposits                                            $156,591,257
      Mortgage funding and cashiers' checks outstanding      8,406,448
      Federal Home Loan Bank advances                       10,000,000
      Advance payments from borrowers for taxes and insurance  506,001
      Income Taxes Payable                                     848,905
      Accrued expenses and other liabilities                   465,438
                                                      ________________
      Total Liabilities:                                  $176,818,049

      Minority interest in subsidiary                     $  1,306,042

      Shareholders' equity:
         Capital stock ($1.00 par value)                       342,844
         Additional paid-in capital                          2,467,156
         Retained earnings                                  10,817,080
                                                      ________________
      Total Shareholders' Equity:                         $ 13,627,080
                                                      ________________
      Total Liabilities and Shareholders' Equity:         $191,751,171

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, 1999, Presidential Savings Bank, FSB was in the "well capitalized" category as defined by OTS, with Core and Tangible Capital of $14,933,122 and Total Capital of $16,258,263, compared to the applicable minimum regulatory requirements of $2,872,062 for Tangible Capital, $7,658,833 for Core Capital, and $8,966,782 for Total Capital.

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

Consolidated Statement of Condition Fiscal Year-End March 31, 1999

Consolidated Statement of Condition
Fiscal Year-End March 31, 1999