Financial Condition 2006
Balance Sheet
As of December 31, 2006
(in thousands)
ASSETS
Cash & Due from Banks $45,031
Investment Securities and Other Investments $78,775
Loans, net $512,710
Bank Premises, net $16,100
Other Assets $6,920
________
TOTAL ASSETS $659,536
LIABILITIES AND EQUITY
CAPITAL
Deposits $598,702
FHLB Advances $11,369
Other Liabilities $7,975
TOTAL LIABILITIES $618,046
TOTAL EQUITY CAPITAL $41,490
TOTAL LIABILITIES AND EQUITY CAPITAL $659,536
STATEMENT OF OPERATIONS
Year ending December 31, 2006
(In thousands)
Interest Income $56,601
Interest Expense $16,392
Loan Loss Provision $232
Net Interest Income after Loan Loss Provision $39,977
Non-Interest Income $5,443
Non-Interest Expense $29,053
NET INCOME $16,367
The above statements represent the financial highlights
of the bank and is not intended to include all disclosures
under Generally Accepted Accounting Principles. |