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, 1999

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 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
Minor 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.

Last Modifications: 10/22/2015 12:09:32 PM