location
our people
financials
 |
| Consolidated
Report of Condition |
| |
06/30/2010 |
06/30/2009 |
| Assets |
| Cash and Due
from Banks |
$3,063,625.00 |
$573,173.00 |
| Securities |
$4,794,608.00 |
$4,311,151.00 |
| Federal Funds
Sold |
$0.00 |
$0.00 |
| Loans and
Lease Receivables |
$44,061,673.00 |
$44,062,173.00 |
|
Less:
Allowance for Loan Losses
|
$1,098,796.00 |
$329,926.00 |
|
Net Loans
|
$42,962,877.00 |
$43,732,247.00 |
| Premises and
fixed assets |
$1,014,398.00 |
$672,019.00 |
| Other assets |
$690,769.00 |
$515,751.00 |
| |
| Total
Assets |
$52,526,277.00 |
$49,804,341.00 |
| |
| Liabilities |
| Deposits: |
|
|
| Non-interest
bearing |
$2,281,413.00 |
$2,323,122.00 |
| Interest
bearing |
$40,040,858.00 |
$37,696,360.00 |
| Total Deposits |
$42,322,271.00 |
$40,019,482.00 |
| Federal Funds
Purchased |
$0.00 |
$0.00 |
| Other Borrowed
Money |
$4,800,000.00 |
$3,800,000.00 |
| Other Liabilities |
-$90,930.00 |
$247,122.00 |
| |
| Total
Liabilities |
$47,031,341.00 |
$44,066,604.00 |
| |
| Equity
Capital |
| Common Stock |
$1,200,000.00 |
$1,200,000.00 |
| Surplus |
$1,200,000.00 |
$1,200,000.00 |
| Undivided
Profits |
$3,094,936.00 |
$3,337,737.00 |
| |
| Total
Equity Capital |
$5,494,936.00 |
$5,737,737.00 |
| |
| Total
Liab. and Equity Capital |
$52,526,277.00 |
$49,804,341.00 |
| (Preliminary
and Unaudited) |
|
|
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| Financial
Highlights |
| (numbers are
in thousands) |
06/30/10 |
06/30/09 |
| Total Assets |
$52,526 |
$49,804 |
| Total Loans
(Net) |
$44,062 |
$44,062 |
| Total Deposits |
$42,322 |
$40,019 |
| Total Borrowed
Funds |
$4,800 |
$3,800 |
| Net Income |
$63 |
$167 |
| |
| Per
Share-Y.T.D.
(120,000 Shares) |
|
|
| Net
Income |
$0.52 |
$1.39 |
| Cash
Dividends (to date) |
$0.00 |
$1.25 |
| Book
Value (End of period) |
$45.79 |
$47.81 |
| Market
Value (Last sale) |
|
|
|
High
|
$55.00 |
$65.00 |
|
Low
|
$55.00 |
$65.00 |
| |
| Financial
Ratios |
| Return
on Equity |
2.24% |
5.60% |
| Return
on Assets |
0.23% |
0.66% |
| Capital
to Assets |
10.46% |
11.52% |
|
|
|
|
|
|
|
|
|
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| Consolidated
Report of Income |
| |
06/30/10 |
06/30/09 |
|
Interest Income |
| Interest &
Fee Income on Loans |
$1,457,619.00 |
$1,508,890.00 |
| Interest on
Investments |
$58,656.00 |
$57,732.00 |
| Interest on Fed
Funds Sold |
$0.00 |
$25.00 |
| |
| Total
Interest Income |
$1,516,275.00 |
$1,566,647.00 |
| |
| Interest
Expense |
| Interest on
Demand Deposits |
$5,263.00 |
$4,910.00 |
| Interest on
Savings Deposits |
$9,714.00 |
$13,940.00 |
| Interest on
Time Deposits |
$329,749.00 |
$371,930.00 |
| Interest on
Borrowed Funds |
$86,187.00 |
$82.687.00 |
| |
| Total
Int. Expense |
$430,913.00 |
$473,467.00 |
| |
| Net Interest
Income |
$1,085,362.00 |
$1,093,180.00 |
| |
| Provision For
Loan Losses |
$275,000.00 |
$120,000.00 |
| |
| Non-Interest
Income |
| Service Charges
on DDA Accts. |
$88,961.00 |
$90,208.00 |
| All Other Fee
Income |
$53,821.00 |
$50,126.00 |
| |
| Total
Non-Int. Income |
$142,782.00 |
$140,334.00 |
| |
| Non-Interest
Expense |
| Salaries and
Employee Benefits |
$480,143.00 |
$511,529.00 |
| Premises and
Fixed Assets |
$80,375.00 |
$77,916.00 |
| All Other
Expense |
$322,025.00 |
$281,333.00 |
| |
| Total
Non-Int. Exp. |
$882,543.00 |
$870,778.00 |
| |
| Income (Loss)
Before Taxes |
$70,601.00 |
$242,736.00 |
| Gains or
(Loses) on Securities |
$0.00 |
$0.00 |
| Applicable
Income Taxes |
$8,000.00 |
$75,500.00 |
| Net Income |
$62,601.00 |
$167,236.00 |
| Extraordinary
Items |
$0.00 |
$0.00 |
| Net Income |
$62,601.00 |
$167,236.00 |
|
|
|
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|
