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(800) BANK-EAGLE
Everett, MA
 
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Eagle Bank and Subsidiaries
December 31, 2006 and 2005
(in thousands)
Assets 2006 2005
Cash and due from banks $7,620 $6,471
Interest-bearing deposits in banks 4,044 5,185
Short-term investments 9,913 18,821
  Cash and Cash Equivalents 21,577 30,477
Investment securities
  Securities available for sale, at fair value
138,965 122,787
  Securities held to maturity, at amortized cost 80,424 76,350
  (fair value of $80,122& $75,684 at 2006& 2005, respectively)
Loans, net of allowance for loan losses of $4,630& $4,660 at 2006 & 2005, respectively 188,162 195,584
Federal Home Loan Bank stock, at cost 1,299 1,883
Accrued interest receivable 2,688 2,410
Banking premises & equipment, net 3,451 3,093
Deferred tax asset, net 3,047 3,561
Bank-owned life insurance 12,688 12,219
Other assets 690 672
Total Assets $452,991 $449,036
Liabilities & Retained Earnings 2006 2005
Deposits $383,502 $382,013
Repurchase agreements 4,004 5,999
Federal Home Loan Bank Advances 9,473 9,870
Accrued expenses & other liabilities 4,227 3,341
Total Liabilities $401,206 $401,223
Retained Earnings 51,294 48,311
Accumulated other comprehensive income (loss)
491 -498
Total Retained Earnings $51,785 $47,813
Total Liabilities and Retained Earnings $452,991 $449,036
 

 
 
     
     
         
 
 
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©Eagle Bank 2005