EX-99.1 3 a08-11015_1ex99d1.htm EX-99.1

Exhibit 99.1

 

TOWER BANCORP INC.

CONSOLIDATED BALANCE SHEET

(UNAUDITED)

 

 

 

 

 

 

 

 

 

 

 

 

 

3/31/2008

 

3/31/2007

 

 

 

(,000)

 

(,000)

 

ASSETS

 

 

 

 

 

CASH AND DUE FROM BANKS

 

$

14,025

 

$

11,322

 

INTEREST BEARING BALANCES WITH BANKS

 

1,050

 

97

 

FEDERAL FUNDS SOLD

 

25,010

 

40,561

 

 

 

 

 

 

 

INVESTMENTS

 

92,057

 

85,424

 

 

 

 

 

 

 

LOANS:

 

389,001

 

390,350

 

RESERVE FOR LOAN LOSSES

 

(4,206

)

(3,715

)

 

 

 

 

 

 

BANK PREMISES, FURNITURE & FIXTURES

 

10,173

 

9,495

 

OTHER REAL ESTATE OWNED

 

2,826

 

1,901

 

OTHER ASSETS

 

35,268

 

34,801

 

 

 

 

 

 

 

TOTAL ASSETS

 

$

565,204

 

$

570,236

 

 

 

 

 

 

 

LIABILITIES AND CAPITAL

 

 

 

 

 

 

 

 

 

 

 

DEMAND

 

$

42,030

 

$

42,290

 

SAVINGS

 

225,357

 

227,044

 

TIME

 

168,389

 

174,243

 

 

 

 

 

 

 

TOTAL DEPOSITS:

 

$

435,776

 

$

443,577

 

 

 

 

 

 

 

LIABILITIES FOR BORROWED MONEY

 

46,743

 

36,410

 

FEDERAL FUNDS PURCHASED

 

0

 

0

 

OTHER LIABILITIES

 

5,609

 

8,334

 

 

 

 

 

 

 

TOTAL LIABILITIES

 

$

488,128

 

$

488,321

 

 

 

 

 

 

 

EQUITY CAPTIAL

 

 

 

 

 

CAPITAL STOCK:

 

 

 

 

 

AUTHORIZED 5,000,000 SHARES ISSUED 2,420,481 SHARES

 

$

2,225

 

$

2,225

 

SURPLUS

 

34,864

 

34,868

 

UNDIVIDED PROFITS

 

40,530

 

37,504

 

NET UNREALIZED GAIN (LOSS)

 

3,606

 

9,794

 

LESS: TREAS STOCK (2008 - 104,581 SHS)

 

(4,149

)

(2,476

)

 

 

 

 

 

 

TOTAL EQUITY CAPITAL

 

$

77,076

 

$

81,915

 

 

 

 

 

 

 

TOTAL LIABILITIES AND CAPITAL

 

$

565,204

 

$

570,236

 

 

 

 

 

 

 

BOOK VALUE

 

$

33.28

 

$

34.78

 

 

 

 

 

 

 

CAPITAL / ASSET RATIO

 

13.64

%

14.37

%

 

 

 

 

 

 

LOAN / DEPOSIT RATIO

 

89.27

%

88.00

%