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Fulton Savings Annual Report

Effective Date 12/31/2017. Change The Way You Bank Forever.

Statement of Condition:

Assets: ($ 000)
Cash and Due From Banks $71,143
Investment Securities $152,990
Real Estate Mortgage Loans $125,260
Other Loans $5,786
Premises and Fixed Assets $777
Other Assets $19,470
Total Assets: $375,426
Liabilities and Net Worth Accounts:
Money Market Management Accounts $5,187
Savings Deposits $113,023
Time Deposits $42,166
Checking Accounts, NOW Accounts, and Other Demand Deposits $88,611
Due to Federal Home Loan Bank $14,200
Other Liabilities $9,243
Net Worth $102,996
Total Liabilities and Net Worth Accounts: $375,426

Statement of Income and Changes in Net Worth:

Current Operating Income:
Interest on Mortgage and Other loans $6,833
Interest on Dividends on Securities $5,335
Other Interest and Dividends $888
Miscellaneous Income $4,941
Total Current Operating Income: $17,997
Current Operating Expense:
Salaries and Benefits $6,882
Occupancy Costs $1,202
Other Expenses $4,590
Total Current Operating Expense: $12,674
Net Income for Period:
Net Current Operating Income before Taxes and Interest $5,323
Franchise and Income Tax Expense (Benefit) (1,270)
Interest Paid $528
Total Net Income for Period: $6,065

Reconciliation of Net Worth:

Net Worth:
Net Worth as of 12/31/16 $98,414
Net Additions to Net Worth $6,065
Other Comprehensive Income (1,483)
Total Net Worth: $102,996