We are currently experiencing technical issues with our Customer Service Center phone system. Your call may be dropped. If so, please try again or send us an email at email@presidential.com.

Presidential Bank, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 2010

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.

Last Modifications: 10/22/2015 12:06:42 PM