PRESIDENTIAL BANK, FSB

Consolidated Statement of Condition
Fiscal Year-End March 31, 2001


    ASSETS:

      Cash and due from banks                             $  2,953,303
      Federal funds sold                                    70,749,944
      Government-guaranteed securities                         107,842
      Mortgage-backed securities                             6,232,602
      Loans committed for sale                              39,274,634
      Loans and leases receivable, net                     156,210,322
      Accrued interest receivable                            1,336,707
      Federal Home Loan Bank Stock, at cost                  1,250,000
      Bank premises and equipment, net                       1,304,019
      Deferred income taxes                                    904,737
      Other Assets                                           1,250,886
                                                      ________________
      Total Assets:                                       $281,574,996

    LIABILITIES AND SHAREHOLDERS' EQUITY:

      Deposits                                            $230,389,075
      Mortgage funding and cashiers' checks outstanding     19,155,897
      Federal Home Loan Bank advances                       10,000,000
      Advance payments from borrowers for taxes and insurance  828,246
      Accrued expenses and other liabilities                 1,088,892
                                                      ________________
      Total Liabilities:                                  $261,462,110

      Minority interest in subsidiary                         $967,161
      Shareholders' equity:
         Capital stock ($1.00 par value)                       428,829
         Additional paid-in capital                          6,381,193
         Retained earnings                                  12,335,703
                                                      ________________
      Total Shareholders' Equity:                         $ 19,145,725
                                                      ________________
      Total Liabilities and Shareholders' Equity:         $281,574,996

NOTE: This statement has been prepared in accordance with the regulatory requirements of the Office of Thrift Supervision (OTS). Tangible, Core, and Total Capital are the elements of regulatory capital determined under such reporting requirements. Regulatory capital is the basis by which the OTS determines whether a savings association is operating in a safe and sound manner. As of March 31, 2001, Presidential Bank, FSB was in the "well capitalized" category as defined by OTS, with Core and Tangible Capital of $20,112,886 and Total Capital of $22,300,992, compared to the applicable minimum regulatory requirements of $4,223,897 for Tangible Capital, $11,263,726 for Core Capital, and $14,151,861 for Total Capital.

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last updated 10/09/2010 lmm
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PRESIDENTIAL BANK, FSB

Consolidated Statement of Condition Fiscal Year-End March 31, 2001

Consolidated Statement of Condition
Fiscal Year-End March 31, 2001