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| MOUNTAIN
NATIONAL BANK CONDENSED STATEMENT OF CONDITION AS OF JUNE 30, (unaudited) |
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| ASSETS |
2010 |
2009 |
% Change |
| Cash and due from banks | $10,543,112 |
$14,971,636 |
-29.6% |
| Federal funds sold | 18,209,339 |
6,700,000 |
171.8% |
| Securities available for sale | 105,419,851 |
166,183,441 |
-36.6% |
| Securities held to maturity | 1,287,785 |
2,158,750 |
-40.3% |
| Restricted investments, at cost | 3,843,150 |
3,812,450 |
0.8% |
| Investment in LLC | 4,217,465 |
4,104,204 |
2.8% |
| Loans, net of allowance for loan losses | 386,964,634 |
405,807,035 |
-4.6% |
| Premises and equipment | 33,170,055 |
33,737,742 |
-1.7% |
| Accrued interest receivable | 2,383,086 |
2,913,200 |
-18.2% |
| Other assets | 36,504,747 |
34,574,780 |
5.6% |
| Total
Assets |
$602,543,224 |
$674,963,238 |
-10.7% |
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| LIABILITIES
AND STOCKHOLDERS' EQUITY |
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| Noninterest bearing demand deposits | $45,319,510 |
$45,794,490 |
-1.0% |
| Interest bearing deposits | 426,841,188 |
493,701,019 |
-13.5% |
| Total
Deposits |
472,160,698 |
539,495,509 |
-12.5% |
| Securities sold under agreements to repurchase | 3,198,689 |
7,215,956 |
-55.7% |
| Federal Home Loan Bank advances | 62,700,000 |
62,900,000 |
-0.3% |
| Other liabilities | 3,988,306 |
2,636,448 |
51.3% |
| Total
Liabilities |
542,047,693 |
612,247,913 |
-11.5% |
| Total
Stockholders' Equity |
60,495,531 |
62,715,325 |
-3.5% |
| Total
Liabilities and Stockholders' Equity |
$602,543,224 |
$674,963,238 |
-10.7% |
