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PENINSULA BANK
CONDENSED STATEMENTS OF FINANCIAL CONDITION
(IN $000's - EXCEPT FOR PER SHARE DATA) |
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|
December 31,
2007 |
|
December 31,
2006 |
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December 31,
2005 |
|
ASSETS: |
|
|
Cash and Due
From Banks |
$15,709 |
|
$11,709 |
|
$20,605 |
|
|
Federal Funds
Sold |
47,531 |
|
91,107 |
|
41,104 |
|
|
Interest
Bearing Deposits |
12,100 |
|
9,100 |
|
10,540
|
|
|
Securities
Available-For-Sale, at fair value |
77,370 |
|
54,177 |
|
22,863 |
|
|
Securities
Held-To-Maturity, at cost |
13,974 |
|
28,437 |
|
41,624 |
|
|
Loans, Net |
426,092 |
|
443,429 |
|
353,950 |
|
|
Bank Premises,
furniture and equipment, net |
4,560 |
|
4,567 |
|
4,242 |
|
|
Prepaid Broker
Comissions |
2,677 |
|
3,409 |
|
3,616 |
|
|
Accrued Income
Receivable |
3,989 |
|
3,675 |
|
2,264 |
|
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Other Real
Estate owned |
2,929 |
|
4,052 |
|
4,052 |
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Other Assets |
17,045 |
|
10,394 |
|
2,612 |
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|
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Total
Assets |
623,986 |
|
667,249 |
|
507,472 |
|
|
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LIABILITIES
AND STOCKHOLDERS' EQUITY: |
|
|
Deposits |
548,922 |
|
597,112 |
|
464,395 |
|
|
Repurchase
Agreements |
2,580 |
|
3,583 |
|
3,996 |
| |
Accrued
Interest Payable |
911 |
|
1,107 |
|
463 |
| |
Other
Liabilities |
14,681 |
|
14,118 |
|
2,867 |
|
|
Total
Liabilities |
567,094 |
|
615,919 |
|
471,721 |
|
|
| |
Total
Stockholders' Equity |
56,892 |
|
51,329 |
|
35,751 |
|
|
| |
Total
Liabilities & Stockholders' Equity |
623,986 |
|
667,249 |
|
507,472 |
|
|
|
|
|
|
|
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| |
Book Value per
Share |
14.63 |
|
13.33 |
|
14.01 |
|
|
|
|
|
|
|
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| |
Total Shares
Outstanding ** |
19,447 |
|
19,249 |
|
12,822 |
|
**Number of shares outstanding for each period have
been restated for presentation as a result of a
2-for-1 stock split in July 2004. Increases in
the number of shares outstanding represent exercise of
stock options by certain directors and employees. |
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