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| MOUNTAIN
NATIONAL BANK CONDENSED STATEMENT OF CONDITION AS OF DECEMBER 31, (unaudited) |
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| ASSETS |
2009 |
2008 |
% Change |
| Cash and due from banks | $11,750,723 |
$14,013,675 |
-16.1% |
| Federal funds sold | 2,353,913 |
576,000 |
308.7% |
| Securities available for sale | 144,330,068 |
124,578,359 |
15.9% |
| Securities held to maturity | 2,204,303 |
2,117,044 |
4.1% |
| Restricted investments, at cost | 3,816,050 |
3,862,518 |
-1.2% |
| Investment in LLC | 4,198,675 |
4,117,962 |
2.0% |
| Loans, net of allowance for loan losses | 396,351,008 |
415,137,230 |
-4.5% |
| Premises and equipment | 33,709,282 |
31,484,233 |
7.1% |
| Accrued interest receivable | 3,045,290 |
2,737,819 |
11.2% |
| Other assets | 34,244,240 |
22,320,738 |
53.4% |
| Total
Assets |
$636,003,552 |
$620,945,578 |
2.4% |
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| LIABILITIES
AND STOCKHOLDERS' EQUITY |
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| Noninterest bearing demand deposits | $47,715,398 |
$45,115,892 |
5.8% |
| Interest bearing deposits | 463,013,197 |
410,013,938 |
12.9% |
| Total
Deposits |
510,728,595 |
455,129,830 |
12.2% |
| Federal funds purchased | - |
22,580,000 |
-100.0% |
| Securities sold under agreements to repurchase | 1,776,402 |
4,331,865 |
-59.0% |
| Federal Home Loan Bank advances | 62,900,000 |
72,900,000 |
-13.7% |
| Other liabilities | 918,781 |
2,718,647 |
-66.2% |
| Total
Liabilities |
576,323,778 |
557,660,342 |
3.3% |
| Total
Stockholders' Equity |
59,679,774 |
63,285,236 |
-5.7% |
| Total
Liabilities and Stockholders' Equity |
$636,003,552 |
$620,945,578 |
2.4% |
