Financial Condition 2006
Balance Sheet
As of December 31, 2008
(in thousands)
ASSETS
Cash & Due from Banks $73,120
Investment Securities and Other Investments $75,801
Loans, net $736,206
Bank Premises, net $31,470
Other Assets $19,030
________
TOTAL ASSETS $935,627
LIABILITIES AND EQUITY
CAPITAL
Deposits $764,576
FHLB Advances $100,458
Other Liabilities $10,454
TOTAL LIABILITIES $875,488
TOTAL EQUITY CAPITAL $60,139
TOTAL LIABILITIES AND EQUITY CAPITAL $935,627
STATEMENT OF OPERATIONS
Year ending December 31, 2008
(In thousands)
Interest Income $70,330
Interest Expense $23,030
Loan Loss Provision $2,261
Net Interest Income after Loan Loss Provision $45,039
Non-Interest Income $10,616
Non-Interest Expense $43,627
NET INCOME $12,028
The above statements represent the financial highlights
of the bank and is not intended to include all disclosures
under Generally Accepted Accounting Principles. |