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| Financial Highlights
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Statement of Condition
October 31, 2009
| Assets |
| Cash and Cash Equivalents |
$55,592,000 |
| Interest Bearing Deposits in Other Depository Institutions |
3,409,000 |
| Investment Securities |
65,988,000 |
| Loans, Net |
557,586,000 |
| Bank Premises and Equipment, Net |
37,952,000 |
| Other Assets |
22,767,000 |
| Total Assets |
$743,294,000 |
| Liabilities - Stockholders' Equity |
| Non-interest Bearing Deposits |
$125,510,000 |
| Interest-Bearing Deposits |
523,580,000 |
| Total Deposits |
649,090,000 |
| Other Liabilities |
35,994,000 |
| Total Liabilities |
$685,084,000 |
| Non-Cumulative Preferred Stock, Convertable Non-Voting |
$800,000 |
| Common Stock, $1 Par |
1,034,000 |
| Paid-In Capital |
28,719,000 |
| Accumulated Capital |
27,657,000 |
| Total Stockholders' Equity |
$58,210,000 |
| Total Liabilities & Stockholders' Equity |
$743,294,000 |
Statement of Operations
October 31, 2009
| Interest Income: |
| Interest and Fees On Loans |
33,342,000 |
| Other Interest Income |
1,523,000 |
| Total Interest Income |
34,865,000 |
| Interest Expense On Deposit Accounts |
8,606,000 |
| Net Interest Income |
26,259,000 |
| Provision For Loan Losses |
7,276,000 |
Net Interest Income
After Provision for Loan Losses |
18,983,000 |
Other Operating Income,
Customer Service Related |
3,527,000 |
| Other Income |
2,928,000 |
| Operating Expenses: |
28,962,000 |
| Total Income |
(3,524,000) |
| Income Taxes Credit |
(1,318,000) |
| Net Income |
($2,206,000) |
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