Building Trust for Generations

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Fulton Savings Annual Report

Effective Date 12/31/2016. Change The Way You Bank Forever.

Statement of Condition:

Assets: ($ 000)
Cash and Due From Banks $77,891
Investment Securities $143,092
Real Estate Mortgage Loans $127,183
Other Loans $5,166
Premises and Fixed Assets $659
Other Assets $20,834
Total Assets: $374,825
Liabilities and Net Worth Accounts:
Money Market Management Accounts $6,371
Savings Deposits $112,351
Time Deposits $46,590
Checking Accounts, NOW Accounts, and Other Demand Deposits $82,219
Due to Federal Home Loan Bank $20,300
Other Liabilities $8,580
Net Worth $98,414
Total Liabilities and Net Worth Accounts: $374,825

Statement of Income and Changes in Net Worth:

Current Operating Income:
Interest on Mortgage and Other loans $7,144
Interest on Dividends on Securities $5,249
Other Interest and Dividends $544
Miscellaneous Income $6,726
Total Current Operating Income: $19,663
Current Operating Expense:
Salaries and Benefits $7,147
Occupancy Costs $1,049
Other Expenses $5,088
Total Current Operating Expense: $13,284
Net Income for Period:
Net Current Operating Income before Taxes and Interest $6,379
Franchise and Income Taxes $797
Interest Paid $519
Total Net Income for Period: $5,063

Reconciliation of Net Worth:

Net Worth:
Net Worth as of 12/31/15 $95,097
Net Additions to Net Worth $5,063
Other Comprehensive Income ($1,746)
Total Net Worth: $98,414