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Eagle Bank and Subsidiaries
December 31, 2009 and 2008
(in thousands) |
| Assets |
2009 |
2008 |
| Cash and due from banks |
$4,774 |
$4,813 |
| Interest-bearing deposits in banks |
6,342 |
2,894 |
| Short-term investments |
510 |
12,371 |
| Cash and Cash Equivalents |
11,626 |
20,078 |
| Investment securities |
| Interest bearing time deposits in other banks |
3,200 |
750 |
| Securities available for sale, at fair value |
119,711 |
151,006 |
| Securities held to maturity, at amortized cost |
95,791 |
46,981 |
| (fair value
of $46,973 & $61,618
at 2008 & 2007, respectively) |
| Loans, net of allowance for loan losses of $4,443& $4,592 at 2008 &
2007, respectively |
181,394 |
181,285 |
| Federal Home Loan Bank stock, at cost |
1,345 |
1,345 |
| Accrued interest receivable |
2,737 |
2,502 |
| Banking premises & equipment, net |
6,739 |
4,379 |
| Deferred tax asset, net |
4,185 |
7,133 |
| Bank-owned life insurance |
14,236 |
13,720 |
| Other assets |
6,236 |
1,379 |
| Total Assets |
$447,202 |
$430,558 |
| Liabilities & Retained Earnings |
2009 |
2008 |
| Deposits |
389,142 |
373,063 |
| Repurchase agreements |
367 |
910 |
| Federal Home Loan Bank Advances |
5,715 |
5,923 |
| Accrued expenses & other liabilities |
7,578 |
7,334 |
| Total Liabilities |
$402,802 |
$387,230 |
| Retained Earnings |
42,949 |
44,683 |
Accumulated other comprehensive income (loss)
|
1,451 |
-1,355 |
| Total Retained Earnings |
$44,400 |
$43,328 |
| Total Liabilities and Retained Earnings |
$447,202 |
$430,558 |
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