FINANCIAL HIGHLIGHTS 2010
|
BALANCE SHEET |
|
|
|
|
|
|
| As
of December 31, 2010 |
|
|
| ($
in thousands) |
|
|
| |
|
|
|
ASSETS |
|
|
| |
|
|
| Cash
& Due from Banks |
$ |
81,203 |
|
Investment Securities and Other Investments |
$ |
89,004 |
|
Loans, Net |
$ |
655,916 |
|
Bank Premises, Net |
$ |
31,172 |
|
Other Assets |
$ |
32,931 |
| |
|
|
|
TOTAL ASSETS |
$ |
890,126 |
| |
|
|
|
LIABILITIES AND EQUITY
CAPITAL |
|
|
| |
|
|
| Deposits |
$ |
735,352 |
| FHLB
Advances |
$ |
67,757 |
| Other
Liablilities |
$ |
12,167 |
| |
|
|
| TOTAL
LIABILITIES |
$ |
817,276 |
| |
|
|
| TOTAL
EQUITY CAPITAL |
$ |
72,850 |
| |
|
|
| TOTAL
LIABLILITIES AND EQUITY CAPITAL |
$ |
890,126 |
| |
|
|
|
STATEMENT OF OPERATIONS |
|
|
| |
|
|
|
Year ending December 31, 2010 |
|
|
| ($
in thousands) |
|
|
| |
|
|
| Interest Income |
$ |
72,211 |
| Interest Expense |
$ |
18,288 |
| |
|
|
| Loan Loss Provision |
$ |
9,656 |
| |
|
|
| Net Interest Income after
Loan Loss Provision |
$ |
44,267 |
| |
|
|
| Non-Interest Income |
$ |
14,967 |
| Non-Interest Expense |
$ |
52,897 |
| Income Tax Benefit |
$ |
1,806 |
| |
|
|
| NET INCOME |
$ |
8,143 |
| |
|
|
|
| |
|
|
|
The above statements represent the financial highlights of the bank and are not intended to include all disclosures under Generally Accepted Accounting Principles.
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