 |
 |
 |
|
 |
|
 |
|
 |
|
 |
| MOUNTAIN
NATIONAL BANK CONDENSED STATEMENT OF CONDITION AS OF DECEMBER 31 |
|||
| ASSETS |
2006 |
2005 |
% Change |
| Cash and due from banks | $11,717,179 |
$17,866,025 |
-34.4% |
| Federal funds sold | 1,679,000 |
2,032,000 |
-17.4% |
| Securities available for sale | 74,514,075 |
57,016,193 |
30.7% |
| Securities held to maturity | 1,479,620 |
1,411,390 |
4.8% |
| Restricted investments, at cost | 2,621,167 |
1,628,868 |
60.9% |
| Investment in LLC | 4,093,228 |
- |
100.0% |
| Loans, net of allowance for loan losses | 341,184,441 |
246,229,914 |
38.6% |
| Premises and equipment | 19,944,484 |
15,650,863 |
27.4% |
| Accrued interest receivable | 2,638,219 |
1,524,665 |
73.0% |
| Other assets | 9,591,579 |
8,997,751 |
6.6% |
| Total
Assets |
$469,462,992 |
$352,357,669 |
33.2% |
| |
|||
| LIABILITIES
AND STOCKHOLDERS' EQUITY |
|||
| Noninterest bearing demand deposits | $63,015,346 |
$56,004,286 |
12.5% |
| Interest bearing deposits | 301,713,772 |
229,578,802 |
31.4% |
| Total
Deposits |
364,729,118 |
285,583,088 |
27.7% |
| Federal funds purchased | 15,575,000 |
1,500,000 |
938.3% |
| Securities sold under agreements to repurchase | 5,860,386 |
3,379,006 |
73.4% |
| Federal Home Loan Bank advances | 36,710,212 |
22,509,744 |
63.1% |
| Other liabilities | 2,290,239 |
7,245,127 |
-68.4% |
| Total
Liabilities |
425,164,955 |
320,216,965 |
32.8% |
| Total
Stockholders' Equity |
44,298,037 |
32,140,704 |
37.8% |
| Total
Liabilities and Stockholders' Equity |
$469,462,992 |
$352,357,669 |
33.2% |
