Quarterly Report

ASSETS
CASH AND NON-INTEREST BEARING DUE FROM BANKS $5,890,173
INTEREST BEARING DUE FROM BANKS 13,228,604
INVESTMENT SECURITIES 10,036,520
FEDERAL FUNDS SOLD 0
LOANS, NET OF ALLOWANCE FOR LOAN LOSSES 159,054,957
PREMISES AND EQUIPMENT, NET 8,707,558
OTHER REAL ESTATE OWNED 4,613,238
OTHER ASSETS AND INTEREST RECEIVABLE 2,071,577
            TOTAL ASSETS $203,602,627
 
LIABILITIES AND SHAREHOLDER'S EQUITY
DEMAND DEPOSITS $29,671,478
NOW ACCOUNTS 9,193,342
MONEY MARKET DEPOSITS 69,280,885
SAVINGS DEPOSITS 3,528,389
TIME DEPOSITS 48,846,532
            TOTAL DEPOSITS $160,520,626
 
OTHER LIABILITIES
FHLB ADVANCE $20,000,000
FEDERAL FUNDS PURCHASED 0
ACCOUNTS PAYABLE AND ACCRUED EXPENSES 346,736
            TOTAL LIABILITIES $180,867,362  
SHAREHOLDERS' EQUITY
CAPITAL STOCK $7,963,185
ADDITIONAL PAID-IN CAPITAL 10,124,713
RETAINED EARNINGS 4,554,144
MARK TO MARKET SECURITIES ADJUSTMENT 93,223
        TOTAL SHAREHOLDERS' EQUITY $22,735,265
 
        TOTAL LIABILITIES AND SHAREHOLDERS'   EQUITY $203,602,627

           

FIRST CITRUS BANK P&L SUMMARY
      
 
 YTD Pre-tax profits   $687,000
Tax estimate   -$227,000
Net Income   $460,000