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Financial Reports
[2010 Six Month Statement] [2009 Executive Summary] [2009 Statement of Income] [2009 Statement of Condition]
STATEMENT OF INCOMEBath Savings Institution & SubsidiaryFor The Six Months Ended June 30 For The Years 2010 & 2009 |
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2010 |
2009 |
|
Interest and Dividend Income |
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Loan Interest |
$9,728,000 |
$10,152,000 |
Investment Securities Income |
2,511,000 |
2,556,000 |
Total Interest Income |
$12,239,000 |
$12,708,000 |
Total Interest Expense |
2,821,000 |
3,682,000 |
Net Interest Margin |
9,418,000 |
9,026,000 |
Other Income |
2,298,000 |
2,826,000 |
Operating Expenses |
8,411,000 |
8,494,000 |
Income Before Taxes, Net Gain (Loss) on Sale of Assets |
3,305,000 |
3,358,000 |
Provision for Taxes |
934,000 |
972,000 |
Net Gain (Loss) on Sale of Assets |
71,000 |
(93,000) |
Net Income |
$2,442,000 |
$2,293,000 |
STATEMENT OF CONDITIONBath Savings Institution & SubsidiaryFor The Six Months Ended June 30 For The Years 2010 & 2009 |
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|
2010 |
2009 |
Assets |
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Cash and Balances Due from Banks |
$4,799,000 |
$6,566,000 |
Investments |
155,633,000 |
123,084,000 |
Loans |
385,864,000 |
363,916,000 |
Bank Premises and Equipment |
10,738,000 |
10,806,000 |
Other Assets |
9,389,000 |
9,153,000 |
Total Assets |
$566,423,000 |
$513,525,000 |
Liabilities |
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Deposits |
|
|
Time Deposits |
201,236,000 |
191,455,000 |
Other Deposits |
227,654,000 |
184,963,000 |
Total Deposits |
428,890,000 |
376,418,000 |
Borrowed Funds |
74,163,000 |
79,136,000 |
Other Liabilities |
5,461,000 |
6,827,000 |
Total Liabilities |
508,514,000 |
462,381,000 |
Reserves and Undivided Profits |
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General Reserves and Undivided Profits |
52,672,000 |
47,993,000 |
Net Unrealized Gains (Losses) on Securities |
5,237,000 |
3,151,000 |
Total Reserves and Undivided Profits |
57,909,000 |
51,144,000 |
Total Liabilities and Reserves |
$566,423,000 |
$513,525,000 |