| Statement of CONDITION THE PROVIDENT BANK AND SUBSIDIARIES STATEMENT OF CONDITION June 30, 2009 and 2008 (Dollars in Thousands) ASSETS Cash & due from banks 2009: $17,522 2008: $17,405 Federal funds sold 2009: $14,971 2008: $6,847 Investments: Held-to-maturity securities 2009: $8,975 2008: $8,182 Available-for-sale securities 2009: $103,125 2008: $87,864 Federal Home Loan Bank stock, at cost 2009: $4,067 2008: $4,038 Total investments: 2009: $116,167 2008: $100,084 Loans 2009: $341,557 2008: $292,886 Less allowance for loan losses 2009: $4,039 2008: $3,246 Net loans 2009: $337,518 2008: $289,640 Bank premises & fixed assets 2009: $9,434 2008: $9,826 Other real estate owned 2009: $0 2008: $0 Other assets 2009: $15,412 2008: $11,413 TOTAL ASSETS 2009: $511,024 2008: $435,215 LIABILITIES AND EQUITY Deposits: Noninterest-bearing 2009: $45,938 2008: $42,240 Interest-bearing 2009: $344,733 2008: $247,123 Total deposits: 2009: $390,671 2008: $289,363 Federal funds purchased and securities sold under agreements to repurchase 2009: $20,840 2008: $19,164 FHLB borrowings 2009: $56,137 2008: $78,420 Other liabilities 2009: $4,073 2008: $6,292 Total liabilities 2009: $471,721 2008: $393,239 Equity: Capital stock 2009: $500 2008: $500 Surplus 2009: $36,558 2008: $34,509 Net unrealized holding gain on investments 2009: $2,245 2008: $6,967 Total equity: 2009: $39,303 2008: $41,976 TOTAL LIABILITIES & EQUITY 2009: $511,024 2008: $435,215 |
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