Financial Statement as of March 31, 2007
| Assets | |
| First Mortgage Loans | $140,101,967.85 |
| Home Equity Lines | 4,541,806.54 |
| Home Equity Loans | 15,859,868.61 |
| Real Estate Owned | 0.00 |
| Investments and Securities | 51,596,792.93 |
| Federal Home Loan Bank Stock | 408,200.00 |
| Cash on Hand and in Bank | 7,486,524.37 |
| Building and Equipment, Less Depreciation | 1,148,685.37 |
| Deferred Charges and Other Assets | 4,769,211.39 |
| Total Assets | $225,913,057.06 |
| Liabilities | |
| Savings Accounts | $189,452,430.67 |
| Advances Federal Home Loan Bank | 0.00 |
| Other Borrowed Money | 0.00 |
| Accounts Held for Trustees | 1,521,539.07 |
| Other Liabilities and Deferred Income | 1,969,184.56 |
| Specific Reserves | 20,643.26 |
| General Valuation Allowance | 500,000.00 |
| Year to Date Profit (Loss) | 448,357.46 |
| Regulatory Capital | 32,000,902.04 |
| Total Liabilities | $225,913,057.06 |
This statement has been prepared in accordance with the regulatory reporting requirements of the Office of Thrift Supervision (OTS). Tangible, Core, and Total Capital are the elements of regulatory capital determined under such reporting requirements. Regulatory capital is a base by which the OTS determines whether a bank is operating in a safe and sound manner.
The Bank's Regulatory Capital Requirement is based on OTS Regulation Part 565, which establishes three standards that a thrift must satisfy in order to meet its capital requirement:
(1) A leverage ratio of Core Capital to adjusted Tangible Assets (4.0%).
(2) A Risk-Based Capital Standard expressed as a percentage (8.0%) of a Risk-Weighted Assets.
As of March 31, 2007, Hamilton Federal Bank achieved the following Capital Requirements: (1) Core Capital equal to 14.51% and (2) Risk-Based Capital equal to 29.96%
| (1)Core | (2)Risk-Based | |
| Regulatory Capital Required | 8,990,000 | 8,978,000 |
| Bank's Capital | 32,604,000 | 32,288,000 | Excess in Dollars | 23,614,000 | 24,310,000 |
Copies of the annual audited financial statements are available to the public by writing Robert A. DeAlmeida, President of Hamilton Federal Bank, 5600 Harford Road, Baltimore, Maryland 21214.
I, Robert A. DeAlmeida, President-Treasurer of Hamilton Federal Bank, do hereby declare that this statement of condition has been prepared in conformance with the instructions issued by the Office of Thrift Supervision and is true to the best of my knowledge and belief.