EX-99.1 3 a08-19419_1ex99d1.htm EX-99.1

Exhibit 99.1

 

TOWER BANCORP INC.

CONSOLIDATED BALANCE SHEET

(UNAUDITED)

 

 

 

6/30/2008

 

6/30/2007

 

 

 

(,000)

 

(,000)

 

ASSETS

 

 

 

 

 

CASH AND DUE FROM BANKS

 

$

13,376

 

$

12,275

 

INTEREST BEARING BALANCES WITH BANKS

 

800

 

97

 

FEDERAL FUNDS SOLD

 

7,175

 

42,356

 

 

 

 

 

 

 

INVESTMENTS

 

87,054

 

85,120

 

 

 

 

 

 

 

LOANS:

 

398,864

 

387,371

 

RESERVE FOR LOAN LOSSES

 

(4,055

)

(3,835

)

 

 

 

 

 

 

BANK PREMISES, FURNITURE & FIXTURES

 

11,446

 

9,334

 

OTHER REAL ESTATE OWNED

 

2,172

 

2,301

 

GOODWILL

 

16,558

 

16,558

 

CORE DEPOSIT INTAGIBLE

 

1,773

 

1,885

 

OTHER ASSETS

 

18,729

 

13,503

 

TOTAL ASSETS

 

$

553,892

 

$

566,965

 

LIABILITIES AND CAPITAL

 

 

 

 

 

DEMAND

 

$

40,723

 

$

39,693

 

SAVINGS

 

226,291

 

229,242

 

TIME

 

162,396

 

173,149

 

TOTAL DEPOSITS:

 

$

429,410

 

$

442,084

 

 

 

 

 

 

 

LIABILITIES FOR BORROWED MONEY

 

46,637

 

36,688

 

FEDERAL FUNDS PURCHASED

 

0

 

0

 

OTHER LIABILITIES

 

4,235

 

7,295

 

TOTAL LIABILITIES

 

$

480,282

 

$

486,067

 

EQUITY CAPTIAL

 

 

 

 

 

CAPITAL STOCK:

 

 

 

 

 

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

 

$

2,225

 

$

2,225

 

SURPLUS

 

34,820

 

34,857

 

UNDIVIDED PROFITS

 

41,479

 

38,604

 

NET UNREALIZED GAIN (LOSS)

 

(766

)

8,269

 

LESS: TREAS STOCK (2008 - 104,688 SHS)

 

(4,148

)

(3,057

)

TOTAL EQUITY CAPITAL

 

$

73,610

 

$

80,898

 

TOTAL LIABILITIES AND CAPITAL

 

$

553,892

 

$

566,965

 

 

 

 

 

 

 

BOOK VALUE

 

$

31.79

 

$

34.54