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FINANCIAL STATEMENT
CUSTOMERS CONTINUE TO BE THE TRUE KEY TO SUCCESS ... and this commitment translates into another productive year at The Arlington Bank.
- Our Grandview branch was opened successfully in early 2007 and exceeded our first year expectations. Helpful, friendly, knowledgeable staff and the way in which they make things happen for their customers will continue to set us apart in that market and others we serve.
- Depositors added $10.0 million to their accounts during the year. Total year-end deposits approached $162 million.
- Customers borrowed over $108 million to buy, build, or refinance their homes or to purchase or expand their businesses. Experienced lenders providing local decision-making is our trademark, and we promise to provide a true community bank experience to each and every borrower who comes through our doors.
- The Arlington Mortgage Group, a division of The Arlington Bank, successfully expanded the bank’s presence in the local lending community. Continued efforts to attract additional lenders and expand the bank’s product menu will help us assist a greater number of borrowers in the coming year.
We look forward to this coming year and hope you will let us know how we can be of service to you.
Thomas C. Westfall
President |
as of December 31, 2007 (Unaudited)
| ASSETS |
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2007 |
2006 |
| Cash, Securities |
$9,653,553 |
$5,272,940 |
| Federal Funds Sold |
$18,100,000 |
$14,000,000 |
| Loans, net |
$160,525,992 |
$162,005,093 |
| Fixed Assets |
$3,009,584 |
$2,683,747 |
| Other Assets |
$2,856,330 |
$2,323,102 |
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|
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| Total |
$194,145,459 |
$186,284,882 |
| LIABILITIES AND CAPITAL |
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2007 |
2006 |
| Deposits |
$161,737,418 |
$152,191,342 |
| Borrowings |
$9,500,000 |
$12,500,000 |
| Other Liabilities |
$1,660,056 |
$1,693,675 |
| Capital |
$21,247,985 |
$19,899,865 |
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| Total Liabilities and Capital |
$194,145,459 |
$186,284,882 |
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