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About Us
Financial Statement
Condensed Statement of Condition
CBS-Banc-Corp
Russellville, Alabama
As of December 31, 2007 & 2006
| Cash & Due from Banks |
$28,202,912 |
$21,316,394 |
Investment Securities:
U.S. Treasury & Agency
State, County & Municipal Bonds
Other Securities
Total Securities |
351,402,553
182,489,383
54,270,371
588,162,307 |
291,627,234
88,230,802
20,346,359
400,204,395 |
| Investment in Bank Stock |
9,581,522 |
7,140,122 |
| Loans (net of unearned income) |
597,977,088 |
436,206,329 |
| Less: Reserve for possible loan losses |
(5,122,936) |
(6,414,712) |
| Loans - Net |
592,854,152 |
429,791,617 |
| Bank Premises & Equipment |
30,945,841 |
15,759,426 |
| Other Real Estate |
1,014,404 |
1,152,481 |
| Other Assets |
55,899,421 |
40,614,316 |
| TOTAL ASSETS |
$1,306,660,559 |
$915,978,751 |
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Deposits:
Non-Interest Bearing
Interest Bearing
Total Deposits
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$111,217,733
927,497,081
1,038,714,814 |
$71,238,078
642,364,429
713,602,507 |
| Other Liabilities |
190,073,139 |
136,434,136 |
| Total Liabilities |
$1,228,787,953 |
$850,036,643 |
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| STOCKHOLDERS' EQUITY |
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| Common Stock (60,000 Shares Authorized & Outstanding) |
$60,000 |
$60,000 |
| Surplus |
1,140,000 |
1,140,000 |
| Undivided Profits |
77,074,544 |
67,716,683 |
| Other Comprehensive Income |
(401,938) |
(2,974,575) |
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| Total Stockholders' Equity |
$77,872,606 |
$65,942,108 |
| TOTAL LIABILITIES & STOCKHOLDERS' EQUITY |
$1,306,660,559 |
$915,978,751 |
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| Loan Income |
$44,390,074 |
$31,631,271 |
| Interest & Dividends on Taxable Securities |
22,362,267 |
14,933,043 |
| Interest & Dividends on Non-Taxable Securities |
6,909,290 |
3,730,985 |
| Net Gain on Securities Sold |
71,273 |
254,734 |
| Service Charge Income |
8,196,963 |
5,342,866 |
| Interest on Fed Funds Sold (Net) |
1,744,229 |
384,853 |
| Other Operating Income |
1,781,914 |
1,423,796 |
| Total Operating Income |
$85,456,010 |
$57,701,548 |
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| Employee Salaries & Benefits |
$15,143,517 |
$10,710,456 |
| Interest on Deposits |
34,642,102 |
21,372.223 |
| Other Interest Expense |
7,823,038 |
3,593,522 |
| Premises & Fixed Assets Expenses |
4,540,529 |
3,156,744 |
| Provision for Loan Losses |
1,399,321 |
732,215 |
| Other Expenses |
12,282,641 |
9,790,888 |
| Total Operating Expense |
$75,831,148 |
$49,356,048 |
| Net Income After Taxes Before Extraordinary Gain |
9,624,862 |
8,345,500 |
| Extraordinary Gain |
0 |
0 |
| Net Income After Taxes |
$9,624,862 |
$8,345,500 |
CBS Banc-Corp is comprised of financial statements from CB&S Bank and Citigroup
Financial Services, Inc.
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