Financial
Strength
PRESIDENTIAL BANK, FSB
Consolidated Statement of
Condition
Fiscal Year-End March 31, 2010
| ASSETS: |
| |
|
| Cash and
due from banks |
$ 100,763,260
|
| Federal
funds sold |
434,944 |
| Investment
securities - available-for-sale |
2,750,130 |
| Investment
securities - held-to-maturity |
2,401,599 |
| Mortgage Loans
held for sale |
64,125,491 |
| Loans receivable, net |
389,101,387 |
| Accrued
interest receivable |
2,478,943 |
| Federal
Home Loan Bank Stock, at cost |
1,015,800 |
| Bank premises
and equipment, net |
1,605,745 |
| Deferred
income taxes |
5,342,623 |
| Income Taxes Receivable |
1,934,150 |
| Other Real Estate Owned |
11,352,288 |
| Other assets |
10,147,542 |
| |
__________ |
| Total Assets: |
$ 593,453,902 |
| LIABILITIES AND EQUITY: |
| |
|
| Deposits |
$ 540,831,076 |
| Mortgage
funding and cashiers' checks outstanding |
3,266,170 |
| Advance payments from
borrowers for taxes and insurance |
1,717,047 |
| Accrued
expenses and other liabilities |
5,566,712 |
| |
___________ |
| Total Liabilities:
|
$ 551,381,005 |
| Shareholders'
equity: |
|
| |
Capital
stock ($1.00 par value) |
428,829 |
| |
Additional
paid-in capital |
6,381,193 |
| |
Accumulated other comprehensive gain |
66,662 |
| |
Retained
earnings |
34,292,517 |
| |
___________ |
| Total Shareholders'
Equity: |
$ 41,169,201 |
| |
|
| Non-Controlling Interests |
903,696 |
| |
___________ |
| Total Equity |
42,072,897 |
| |
___________ |
| Total Liabilities
and Equity: |
$ 593,453,902 |
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, 2010, Presidential
Bank, FSB was in the "well capitalized" category as defined by OTS, with Core
and Tangible Capital of $42,006,236 and Total Capital of $47,063,081, compared
to the applicable minimum regulatory requirements of $8,894,789 for Tangible
Capital, $23,716,771 for Core Capital, and $31,862,495 for Total Capital.
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© 1995 - 2010 Presidential
Bank, FSB
last updated 10/09/2012 lmm
Member FDIC
