Marine Bank -
Statement of Condition
December 31, 2007 and 2006
Assets
|
2007* |
2006* |
| Cash & due from banks |
$17,155,100 |
$13,458,188 |
| Federal funds sold |
$9,560,000 |
$32,845,000 |
| Investment securities |
$89,012,484 |
$97,887,199 |
| |
|
|
| Loans |
$489,995,702 |
$456,833,894 |
| Reserve for loan losses |
($4,649,381) |
($4,552,932) |
| NET LOANS |
$485,346,321 |
$452,280,962 |
| |
|
|
| Premises and equipment |
$10,740,228 |
$10,129,316 |
| Accrued interest receivable |
$3,655,512 |
$3,467,268 |
| Other assets |
$10,873,998 |
$12,077,710 |
| TOTAL ASSETS |
$626,343,643 |
$622,145,643 |
LIABILITIES AND EQUITY
|
2007* |
2006* |
| Non-interest bearing |
$48,255,730 |
$47,037,508 |
| Interest bearing |
$473,039,864 |
$467,264,313 |
| TOTAL DEPOSITS |
$521,295,594 |
$514,301,821 |
| |
|
|
Federal funds purchased and
repurchase agreements |
$35,387,754 |
$38,566,269 |
| FHLB borrowings |
$15,000,000 |
$15,000,000 |
| Accrued interest payable |
$3,394,682 |
$2,975,191 |
| Other liabilities |
$1,165,094 |
$1,244,347 |
| TOTAL LIABILITIES |
$576,243,124 |
$572,087,628 |
| |
|
|
| Shareholders' equity |
$50,100,519 |
$50,058,015 |
TOTAL LIABILITIES
AND EQUITY |
$626,343,643 |
$622,145,643 |
* unaudited. |
