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Statement of Condition |
INDEBANCORP AND SUBSIDIARY
Indebancorp Consolidated Balance Sheets
December 31, 2007 and 2006
|
| ASSETS |
2007 |
2006 |
|
Cash and due from banks |
$ 4,675,335 |
$ 7,730,020 |
|
Interest-bearing demand deposits |
262,033 |
315,354 |
| Federal funds sold |
393,000 |
1,693,000 |
| Cash and cash equivalents |
5,330,368 |
9,738,374 |
| Investments securities, available for sale |
37,005,498 |
27,170,837 |
|
Loans, net of allowance for loan losses of $1,676,536 and $1,572,040 |
111,879,856 |
117,314,293 |
| Premises and equipment |
3,051,411 |
3,135,907 |
| Federal Reserve and Federal Home Loan Bank stock |
919,700 |
919,700 |
| Interest receivable |
950,760 |
776,146 |
| Insurance contracts |
4,591,123 |
4,435,339
|
| Other assets |
735,477 |
575,060 |
| Total Assets
|
$164,464,193
|
$ 164,065,656
|
| LIABILITIES |
| Deposits |
| Noninterest bearing |
$ 21,501,554 |
$ 23,593,351 |
| Interest bearing |
111,542,239 |
121,991,544 |
| Total deposits |
133,043,793 |
145,584,895 |
| Short-term borrowings |
500,000 |
---- |
| Long-term borrowings |
12,000,000 |
---- |
| Interest payable |
124,322 |
148,314 |
| Other Liabilities |
1,359,271 |
1,227,389 |
| Total Liabilities
|
147,027,386
|
146,960,598
|
| STOCKHOLDERS' EQUITY |
| Common stock, without par value |
| Authorized, 500,000 shares |
|
Issued and outstanding, 349,815 and 357,774 shares |
1,295,666 |
1,325,144 |
| Surplus |
741,965 |
1,229,852 |
| Retained earnings |
15,101,782 |
14,573,593 |
| Accumulated other comprehensive income (loss) |
297,394 |
(23,501) |
Total Stockholders' Equity
|
$ 17,436,807
|
$17,105,058
|
| Total Liabilities and Equity
|
$164,464,193
|
$164.065,656
|
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