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Presidential Bank, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 2018

Cash and cash equivalents $115,392,831
Federal funds sold 100,763
Investment securities - available-for-sale  35,726,805
Mortgage loans held for sale 43,578,345
Loans receivable, net 329,675,622
Accrued interest receivable 1,635,250
Federal Home Loan Bank stock, at cost 587,800
Bank premises and equipment, net 3,329,283
Deferred income taxes 1,857,208
Income taxes receivable 1,149,384
Other real estate owned, net 1,583,307
Bank-owned life insurance 11,480,447
Other assets 5,116,915
Total assets $551,123,960
Liabilities and Equity
Deposits $477,816,789
Mortgage funding and cashiers' checks outstanding 3,844,344
Advance payments from borrowers for taxes and insurance 2,039,360
Accrued expenses and other liabilities 7,199,630
Total liabilities $490,900,123
Shareholders' equity
Capital stock ($1.00 par value) 428,829
Additional paid-in capital 6,381,193
Retained earnings 52,899,939
Accumulated other comprehensive loss -742,899
Total shareholders' equity $58,967,062
Non-controlling Interests 1,256,775
Total equity 60,223,837
Total liabilities and equity $551,123,960
Last Modifications: 8/2/2018 11:28:08 AM