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Eagle Bank and Subsidiaries
December 31, 2008 and 2007
(in thousands) |
| Assets |
2008 |
2007 |
| Cash and due from banks |
$4,813 |
$4,355 |
| Interest-bearing deposits in banks |
2,894 |
3,842 |
| Short-term investments |
12,371 |
7,686 |
| Cash and Cash Equivalents |
20,078 |
15,883 |
| Investment securities |
| Interest bearing time deposits in other banks |
750 |
0 |
| Securities available for sale, at fair value |
151,006 |
163,932 |
| Securities held to maturity, at amortized cost |
46,981 |
61,412 |
| (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 |
181,285 |
181,572 |
| Federal Home Loan Bank stock, at cost |
1,345 |
1,292 |
| Accrued interest receivable |
2,502 |
2,613 |
| Banking premises & equipment, net |
4,379 |
4,599 |
| Deferred tax asset, net |
7,133 |
3,419 |
| Bank-owned life insurance |
13,720 |
13,192 |
| Other assets |
1,379 |
960 |
| Total Assets |
$430,558 |
$448,874 |
| Liabilities & Retained Earnings |
2008 |
2007 |
| Deposits |
$373,063 |
$373,975 |
| Repurchase agreements |
910 |
7,121 |
| Federal Home Loan Bank Advances |
5,923 |
9,030 |
| Accrued expenses & other liabilities |
7,334 |
4,609 |
| Total Liabilities |
$387,230 |
$394,735 |
| Retained Earnings |
44,683 |
53,439 |
Accumulated other comprehensive income (loss)
|
-1,355 |
700 |
| Total Retained Earnings |
$43,328 |
$54,139 |
| Total Liabilities and Retained Earnings |
$430,558 |
$448,874 |
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