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(800) BANK-EAGLE
(800-226-5324)
Everett, MA
 
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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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