FINANCIAL HIGHLIGHTS 2011
|
BALANCE SHEET |
|
|
|
|
|
|
| As
of December 31, 2011 |
|
|
| ($
in thousands) |
|
|
| |
|
|
|
ASSETS |
|
|
| |
|
|
| Cash
& Due from Banks |
$ |
44,095 |
|
Investment Securities and Other Investments |
$ |
137,927 |
|
Loans, Net |
$ |
644,740 |
|
Bank Premises, Net |
$ |
31,378 |
|
Other Assets |
$ |
23,004 |
| |
|
|
|
TOTAL ASSETS |
$ |
881,144 |
| |
|
|
|
LIABILITIES AND EQUITY
CAPITAL |
|
|
| |
|
|
| Deposits |
$ |
740,235 |
| FHLB
Advances |
$ |
57,400 |
| Other
Liablilities |
$ |
7,291 |
| |
|
|
| TOTAL
LIABILITIES |
$ |
804,926 |
| |
|
|
| TOTAL
EQUITY CAPITAL |
$ |
76,218 |
| |
|
|
| TOTAL
LIABLILITIES AND EQUITY CAPITAL |
$ |
881,144 |
| |
|
|
|
STATEMENT OF OPERATIONS |
|
|
| |
|
|
|
Year ending December 31, 2011 |
|
|
| ($
in thousands) |
|
|
| |
|
|
| Interest Income |
$ |
60,956 |
| Interest Expense |
$ |
13,113 |
| |
|
|
| Loan Loss Provision |
$ |
9,325 |
| |
|
|
| Net Interest Income after
Loan Loss Provision |
$ |
38,518 |
| |
|
|
| Non-Interest Income |
$ |
21,850 |
| Non-Interest Expense |
$ |
51,855 |
| Income Tax Benefit |
$ |
3,422 |
| |
|
|
| NET INCOME |
$ |
5,091 |
| |
|
|
|
| |
|
|
|
The above statements represent the financial highlights of the bank and are not intended to include all disclosures under Generally Accepted Accounting Principles.
|
|
|
|
