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Presidential Bank, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 2014

Cash and cash equivalents $211,711,962
Federal funds sold 120,824
Investment securities - held-to-maturity 38,849,883
Investment securities - available-for-sale  12,128,737
Mortgage loans held for sale 55,585,895
Loans receivable, net 210,214,550
Accrued interest receivable 1,324,136
Federal home loan bank stock, at cost 499,000
Bank premises and equipment, net 2,953,565
Deferred income taxes 3,503,749
Income taxes receivable 2,350,007
Other real estate owned, net 5,147,490
Other assets 4,562,721
Total assets $548,952,519
Liabilities and Equity
Deposits $486,524,615
Mortgage funding and cashiers' checks outstanding 4,476,991
Advance payments from borrowers for taxes and insurance 1,179,158
Accrued expenses and other liabilities 7,186,917
Total liabilities $499,367,681
Shareholders' equity
Capital stock ($1.00 par value) 428,829
Additional paid-in capital 6,381,193
Retained earnings 41,533,977
Accumulated other comprehensive loss (946)
Total shareholders' equity $48,343,053
Non-controlling Interests 1,241,785
Total equity 49,577,610
Total liabilities and equity $548,952,519

NOTE: This statement has been prepared in accordance with the regulatory requirements of the Office of the Comptroller of the Currency (OCC). Tangible, Core, and Total Capital are the elements of regulatory capital determined under such reporting requirements. Regulatory capital is the basis by which the OCC determines whether a savings association is operating in a safe and sound manner. As of March 31, 2014, Presidential Bank's capital levels continue to exceed all regulatory minimums, with Core and Tangible Capital of $49,584,838 and Total Capital of $52,370,804.

Last Modifications: 10/22/2015 12:05:38 PM