Marine Bank -
Statement of Condition
December 31, 2009 and 2008
Assets
|
2009* |
2008* |
| Cash and cash equivalents |
$22,969,621 |
$43,090,542 |
| Investment securities |
$76,426,460 |
$84,382,986 |
| |
|
|
| Loans |
$477,033,322 |
$494,708,938 |
| Reserve for loan losses |
($6,232,710) |
($5,188,799) |
| NET LOANS |
$470,800,612 |
$489,520,139 |
| |
|
|
| Premises and equipment |
$10,129,547 |
$10,296,980 |
| Accrued interest receivable |
$2,814,319 |
$3,174,657 |
| Other assets |
$12,859,275 |
$8,634,394 |
| TOTAL ASSETS |
$595,999,834 |
$639,099,698 |
LIABILITIES AND EQUITY
Deposits |
2009* |
2008* |
| Non-interest bearing |
$52,541,330 |
$54,788,177 |
| Interest bearing |
$443,506,177 |
$468,481,496 |
| TOTAL DEPOSITS |
$496,047,507 |
$523,269,673 |
| |
|
|
Federal funds purchased and
repurchase agreements |
$27,475,805 |
$31,462,895 |
| FHLB borrowings |
$20,000,000 |
$30,000,000 |
| Accrued interest payable |
$1,991,398 |
$3,090,028 |
| Other liabilities |
$1,195,383 |
$1,108,585 |
| TOTAL LIABILITIES |
$546,710,093 |
$588,931,181 |
| |
|
|
| Shareholders' equity |
$49,289,741 |
$50,168,517 |
TOTAL LIABILITIES
AND EQUITY |
$595,999,834 |
$639,099,698 |
* unaudited. |
