Financials
| Consolidated Report of Condition | ||
|---|---|---|
06/30/2011 |
06/30/2010 |
|
| Assets | ||
| Cash and Due from Banks | $3,592,149.00 | $3,063,625.00 |
| Securities | $5,749,153.00 | $4,794,608.00 |
| Federal Funds Sold | $0.00 | $0.00 |
| Loans and Lease Receivables | $40,943,785.00 | $44,061,673.00 |
Less: Allowance for Loan Losses |
$787,070.00 | $1,098,796.00 |
Net Loans |
$40,156,715.00 | $42,962,877.00 |
| Premises and fixed assets | $1,317,499.00 | $1,014,398.00 |
| Other assets | $638,619.00 | $690,769.00 |
| Total Assets | $51,454,135.00 |
$52,526,277.00 |
| Liabilities | ||
| Deposits: | ||
| Non-interest bearing | $2,200,477.00 | $2,281,413.00 |
| Interest bearing | $38,916,372.00 | $40,040,858.00 |
| Total Deposits | $41,116,849.00 | $42,322,271.00 |
| Federal Funds Purchased | $0.00 | $0.00 |
| Other Borrowed Money | $4,600,000.00 | $4,800,000.00 |
| Other Liabilities | $49,290.00 | -$90,930.00 |
| Total Liabilities | $45,766,139.00 | $47,031,341.00 |
| Equity Capital | ||
| Common Stock | $1,200,000.00 | $1,200,000.00 |
| Surplus | $1,200,000.00 | $1,200,000.00 |
| Undivided Profits | $3,287,995.00 | $3,094,936.00 |
| Total Equity Capital | $5,687,995.00 | $5,494,936.00 |
| Total Liab. and Equity Capital | $51,454,134.00 | $52,526,277.00 |
| (Preliminary and Unaudited) | ||
| Financial Highlights | ||
|---|---|---|
| (numbers are in thousands) | 06/30/2011 | 06/30/2010 |
| Total Assets | $51,454 | $52,526 |
| Total Loans (Net) | $40,944 | $44,062 |
| Total Deposits | $41,117 | $42,322 |
| Total Borrowed Funds | $4,600 | $4,800 |
| Net Income | $142 | $63 |
| Per Share-Y.T.D. (120,000 Shares) | ||
| Net Income | $1.19 | $0.52 |
| Cash Dividends (to date) | $0.50 | $0.00 |
| Book Value (End of period) | $47.40 | $45.79 |
| Market Value (Last sale) | ||
High |
$50.00 | $55.00 |
Low |
$45.00 | $55.00 |
| Financial Ratios | ||
| Return on Equity | 5.02% | 2.24% |
| Return on Assets | 0.53% | 0.23% |
| Capital to Assets | 11.05% | 10.46% |
| Consolidated Report of Income | ||
|---|---|---|
06/30/2011 |
06/30/2010 |
|
| Interest Income | ||
| Interest & Fee Income on Loans | $1,330,425.00 | $1,457,619.00 |
| Interest on Investments | $69,857.00 | $58,656.00 |
| Interest on Fed Funds Sold | $0.00 | $0.00 |
| Total Interest Income | $1,400,282.00 | $1,516,275.00 |
| Interest Expense | ||
| Interest on Demand Deposits | $3,680.00 | $5,263.00 |
| Interest on Savings Deposits | $9,598.00 | $9,714.00 |
| Interest on Time Deposits | $255,503.00 | $329,749.00 |
| Interest on Borrowed Funds | $67,060.00 | $86,187.00 |
| Total Int. Expense | $335,841.00 | $430,913.00 |
| Net Interest Income | $1,064,441.00 |
$1,085,362.00 |
| Provision For Loan Losses | $120,000.00 |
$275,000.00 |
| Non-Interest Income | ||
| Service Charges on DDA Accts. | $79,268.00 | $88,961.00 |
| All Other Operating Income | $45,215.00 | $53,821.00 |
| Total Non-Int. Income | $124,483.00 | $142,782.00 |
| Non-Interest Expense | ||
| Salaries and Employee Benefits | $479,036.00 | $480,143.00 |
| Premises and Fixed Assets | $79,933.00 | $80,375.00 |
| All Other Expense | $305,616.00 | $322,025.00 |
| Total Non-Int. Exp. | $864,585.00 | $882,543.00 |
| Income (Loss) Before Taxes | $204,339.00 | $70,601.00 |
| Gains or (Loses) on Securities | $279.00 | $0.00 |
| Applicable Income Taxes | $62,235.00 | $8,000.00 |
| Net Income Before Extraordinary Items | $142,383.00 | $62,601.00 |
| Extraordinary Items | $0.00 | $0.00 |
| Net Income | $142,383.00 | $62,601.00 |
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