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STRONG, WELL-CAPITALIZED FINANCIAL POSITION |
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Throughout an uncertain economic environment, Citywide Banks has continually and reliably met our customers'
credit needs. New loan originations averaged $224 million for each of the previous three years. As indicated
by borrowing purpose, Citywide has underwritten loans in Commercial & Industrial and Commercial Real
Estate categories exceeding $410 million from 2008 through 2010.
Citywide Banks maintains a favorable financial position with abundant liquidity, a positive loan-to-deposit
ratio, and continued profi tability. Our bank has now earned a net profi t for over 45 consecutive years. 2010
was especially strong with new fi nancing commitments totaling $285 million. Citywide continues to grow in
total assets while eff ectively managing a healthy risk-based capital ratio. |
| Summary of Year-End Financials (December 31, 2010) |
| ASSETS (000) |
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LIABILITIES & CAPTIAL (000) |
|
| Cash Due from Banks and Interest-Bearing Deposits |
$99,290 |
|
Deposits |
$836,461 |
| Investment Securities |
$182,755 |
|
Repos and Borrowed Funds |
$25,037 |
| Loans (net of ALLL) |
$607,803 |
|
Accrued Expenses and Other Liabilities |
$6,612 |
| Premises & Equipment (net) |
$15,297 |
|
Equity Capital |
$93,832 |
| Other Assets |
$56,817 |
|
TOTAL LIABILITIES & EQUITY CAPTIAL |
$961,942 |
| TOTAL ASSETS |
$961,942 |
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Source: Audited Financial Statements April 2011 -- Fortner, Bayens, Levkulich & Garrison, P.C.
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