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INDEBANCORP AND SUBSIDIARY
Indebancorp Consolidated Balance Sheets December 31, 2012 and 2011
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| ASSETS |
2012 |
2011 |
| Cash and due from banks |
$ 4,013,386 |
$ 14,446,631 |
| Interest-bearing demand deposits |
4,139,217 |
46,689 |
| Federal funds sold |
800,000 |
246,000 |
| Cash and cash equivalents |
8,952,603 |
14,739,320 |
| Investment securities, available for sale |
28,920,429 |
28,619,977 |
| Loans held for sale |
1,020,720 |
1,267,243 |
| Loans, net of allowance for loan losses of $1,949,102 and $1,860,088 |
172,743,404 |
157,656,417 |
| Premises and equipment |
2,973,395 |
2,858,056 |
| Federal Reserve and Federal Home Loan Bank stock |
1,012,300 |
952,300 |
| Interest receivable |
625,927 |
656,161 |
| Insurance contracts |
5,448,050 |
5,279,509 |
| Foreclosed assets held for sale, net |
152,797 |
282,353 |
| Other assets |
1,730,762 |
1,893,443 |
| Total Assets |
$223,580,387 |
$214,204,779 |
| LIABILITIES AND STOCKHOLDER'S EQUITY |
| Deposits |
| Noninterest bearing |
$ 37,125,617 |
$ 32,935,499 |
| Interest bearing |
149,681,136 |
144,275,395 |
| Total deposits |
186,806,753 |
177,210,894 |
| Short-term borrowings |
---- |
---- |
| Long-term borrowings |
12,480,543 |
12,831,826 |
| Interest payable |
218,067 |
246,056 |
| Other Liabilities |
2,377,357 |
2,264,890 |
| Total Liabilities |
$201,882,720 |
$192,553,666 |
| STOCKHOLDERS' EQUITY |
|
Senior noncumulative perpetual
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|
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| preferred stock, series A, $1,000 par |
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|
| Authorized, 6,800 shares |
|
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| Issues and outstanding, 2,000 shares |
---- |
2,000,000 |
| Common stock, without par value |
| Authorized, 750,000 shares |
| Issued and outstanding, 2012 - 518,271 shares, 2011 -497,195 shares |
1,280,224 |
1,228,163 |
| Surplus |
-------------- |
-------------- |
| Retained earnings |
20,093,436 |
18,174,085 |
| Accumulated other comprehensive income |
324,007 |
248,865 |
| Total Stockholders' Equity |
$ 21,697,667 |
$ 21,651,113 |
| Total Liabilities and Stockholder's Equity |
$223,580,387 |
$214,204,779 |
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