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Statement of Condition |
INDEBANCORP AND SUBSIDIARY
Indebancorp Consolidated Balance Sheets
December 31, 2009 and 2008
|
| ASSETS |
2009 |
2008 |
|
Cash and due from banks |
$ 3,565,957 |
$ 5,590,949 |
|
Interest-bearing demand deposits |
120,675 |
508,529 |
| Federal funds sold |
136,000 |
500,000 |
| Cash and cash equivalents |
3,822,632 |
6,599,478 |
| Investment securities, available for sale |
41,472,431 |
34,142,551 |
| Loans held for sale |
738,000 |
750,400 |
|
Loans, net of allowance for loan losses of $1,502,779 and $1,363,703 |
127,342,243 |
105,700,288 |
| Premises and equipment |
2,965,658 |
3,035,690 |
| Federal Reserve and Federal Home Loan Bank stock |
952,300 |
952,300 |
| Interest receivable |
736,778 |
847,152 |
| Insurance contracts |
4,934,742 |
4,759,274 |
| Foreclosed assets held for sale, net |
466,103 |
1,188,270 |
| Other assets |
1,640,810 |
841,204 |
| Total Assets
|
$185,071,697
|
$158,816,607
|
| LIABILITIES AND STOCKHOLDER'S EQUITY |
| Deposits |
| Noninterest bearing |
$ 24,310,046 |
$ 21,531,138 |
| Interest bearing |
125,181,205 |
106,089,331 |
| Total deposits |
149,491,251 |
127,620,469 |
| Short-term borrowings |
---- |
---- |
| Long-term borrowings |
16,000,000 |
12,000,000 |
| Interest payable |
262,146 |
85,946 |
| Other Liabilities |
1,801,766 |
1,663,526 |
| Total Liabilities
|
167,555,163
|
141,369,941
|
| STOCKHOLDERS' EQUITY |
| Common stock, without par value |
| Authorized, 750,000 shares |
|
Issued and outstanding, 498,932 and 507,372 shares |
1,232,456 |
1,252,983 |
| Surplus |
---__---- |
52,225 |
| Retained earnings |
16,048,718 |
15,837,640 |
| Accumulated other comprehensive income |
235,360 |
303,818 |
Total Stockholders' Equity
|
$ 17,516,534
|
$ 17,446,666
|
| Total Liabilities and Stockholder's Equity
|
$185,071,697
|
$158,816,607
|
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