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 |
Investor Relations
American Community Bancorp, Inc.
Consolidated Balance Sheets
|
(Unaudited)
September 30,
2004
|
December 31,
2003 |
(Unaudited)
September 30,
2003
|
|
| ASSETS |
|
| Cash and due from banks |
$3,811,723 |
$4,862,221 |
$2,374,957 |
| Interest bearing balances with banks |
2,405,044 |
2,454,940 |
2,200,000 |
| Federal funds sold |
1,903,000 |
2,690,000 |
2,097,000 |
| Total cash and cash equivalents |
8,119,767 |
10,007,161 |
6,671,957 |
| Securities available for sale, at fair value |
14,852,395 |
14,685,496 |
12,826,699 |
| Nonmarketable equity securities |
671,900 |
586,600 |
475,200 |
Loans, net of allowance for loan losses of
$1,952,000, $1,498,500 and $1,353,500 |
128,006,256 |
97,400,525 |
91,454,873 |
| Premises and equipment |
5,588,953 |
5,663,967 |
5,735,469 |
| Other assets |
1,731,664 |
609,004 |
534,087 |
| Total assets |
$158,970,935 |
$128,952,753 |
$117,698,285 |
|
| LIABILITIES AND STOCKHOLDERS' EQUITY |
| LIABILITIES: |
| Deposits |
| Non-interest bearing |
$13,061,798 |
$13,471,364 |
$10,509,776 |
| Interest bearing |
127,493,900 |
102,035,140 |
93,694,176 |
| Total deposits |
140,555,698 |
115,506,504 |
104,203,952 |
| Federal funds purchased & other borrowed funds |
3,500,000 |
- |
- |
| Accrued expenses and other liabilities |
269,712 |
265,374 |
377,363 |
| Total liabilities |
144,325,410 |
115,771,878 |
104,581,315 |
|
| STOCKHOLDERS' EQUITY |
Common stock, no par value, 3,000,000 shares authorized;
1,582,417, 1,499,042, and 1,499,042 issued
and outstanding at amount paid in |
15,536,687 |
14,519,877 |
14,519,877 |
| Accumulated deficit |
(899,525) |
(1,362,304) |
(1,419,504) |
| Accumulated other comprehensive income |
8,363 |
23,302 |
16,597 |
| Total shareholders' equity |
14,645,525 |
13,180,875 |
13,116,970 |
| Total liabilities and shareholders' equity |
$158,970,935 |
$128,952,753 |
$117,698,285 |
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