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Fulton Savings Annual Report

Effective Date 12/31/2018. Change The Way You Bank Forever.

Statement of Condition:

Assets: ($ 000)
Cash and Due From Banks $75,016
Investment Securities $143,505
Real Estate Mortgage Loans $128,257
Other Loans $5,261
Premises and Fixed Assets $687
Other Assets $19,221
Total Assets: $371,947
Liabilities and Net Worth Accounts:
Money Market Management Accounts $5,721
Savings Deposits $114,035
Time Deposits $40,243
Checking Accounts, NOW Accounts, and Other Demand Deposits $91,039
Due to Federal Home Loan Bank $11,500
Other Liabilities $8,823
Net Worth $100,586
Total Liabilities and Net Worth Accounts: $371,947

Statement of Income and Changes in Net Worth:

Current Operating Income:
Interest on Mortgage and Other loans $7,101
Interest on Dividends on Securities $5,210
Other Interest and Dividends $1,509
Miscellaneous Income $2,676
Total Current Operating Income: $16,496
Current Operating Expense:
Salaries and Benefits $6,680
Occupancy Costs $1,182
Other Expenses $5,602
Total Current Operating Expense: $13,464
Net Income for Period:
Net Current Operating Income before Taxes and Interest $3,032
Franchise and Income Tax Expense (Benefit) (684)
Interest Paid $603
Total Net Income for Period: $3,113

Reconciliation of Net Worth:

Net Worth:
Net Worth as of 12/31/17 $102,996
Net Additions to Net Worth $3,113
Other Comprehensive Income (5,523)
Total Net Worth: $100,586