CITYSTATE
SAVINGS BANK, INC.
STATEMENT OF INCOME
FOR THE SIX MONTHS ENDED JUNE 30, 2002
|
| |
2002
(Un-Audited) |
2001
(Audited) |
| INTEREST
INCOME ON |
| Receivables
from customers |
P
30,233,209.24 |
P 31,922,382.23
|
| Deposits
|
3,826,671.87
|
1,348,282.83
|
| Investments
|
10,992,057.25
|
2,973,102.72
|
| T O T
A L |
45,051,938.36
|
36,243,767.78
|
| |
| INTEREST
EXPENSE ON DEPOSIT LIABILITIES |
9,954,207.71
|
6,599,590.49
|
| NET
INTEREST INCOME |
35,097,730.65
|
29,644,177.29
|
| PROVISION
FOR PROBABLE LOSSES |
|
205,958.47
|
| NET
INTEREST INCOME AFTER PROVISION FOR PROBABLE LOSSES
|
35,097,730.65
| 29,438,218.82
|
| OTHER
INCOME |
| Service
charges and fees |
9,396,928.62
|
8,177,308.56
|
| Others
|
5,768,295.51
|
4,019,611.63
|
| |
| |
15,165,224.13
|
12,196,920.19
|
| |
| OTHER
EXPENSES |
| Compensation
and employee benefits |
13,408,046.71
|
13,408,046.71
|
| Occupancy
|
7,618,171.38
|
6,458,580.59
|
| Security,
janitorial, messengerial services |
2,781,084.60
|
2,280,608.71
|
| Amortization
of deferred charges |
1,844,714.49
|
2,092,676.25
|
| Taxes
and licenses |
3,278,194.42
|
2,125,218.18
|
| Representation
and entertainment |
1,746,747.28
|
1,710,133.10
|
| Litigation/assets
acquired |
495,353.39
|
524,504.16
|
| Other
operating expenses |
9,286,077.76
|
8,652,057.29
|
| |
40,458,390.03
|
36,484,678.93
|
| |
| INCOME
(LOSS) BEFORE TAX |
9,804,564.75
|
5,150,460.08
|
| |
|
|
| PROVISION
FOR (BENEFIT FROM)INCOME TAX |
(-1,143,112.70) |
-241,324.43
|
| NET INCOME
(LOSS) |
P
8,661,452.05 |
4,909,135.65
|
|
|
| Earning
Per Share |
P 0.196 |
P
0.149 |
CITYSTATE SAVINGS BANK, INC.
STATEMENT OF CONDITION
JUNE 30, 2002 AND DECEMBER 31, 2001
|
| |
2002
|
2001
|
|
RESOURCES |
| Cash and
other cash items |
P
22,376,380.64 |
P 23,624,260.00 |
| Due from
Bangko Sentral ng Pilipinas |
19,429,112.93 |
6,198,474.75 |
| Due from
other banks |
61,411,636.28 |
223,743,255.23 |
| Available
for Sale Securities - Gov't. |
560,000,000.00 |
205,000,000.00 |
| Investments
in bonds and other debt instruments |
10,755,567.03 |
4,779,526.65 |
| Equity
investment in allied undertaking |
399,500.00 |
|
| Receivables
from customers - net |
414,045,823.97 |
356,245,308.73 |
| Bank premises,
furniture, fixtures and equipment - net |
106,660,882.55 |
112,169,109.06 |
| Real and
other properties owned or acquired |
36,080,436.19 |
38,276,831.90 |
| Other
resources |
86,378,126.92 |
____73,959,656.60 |
| |
| TOTAL
RESOURCES |
P 1,317,537,466.51 |
P
1,043,996,422.92 |
| |
|
LIABILITIES AND EQUITY |
| |
| LIABILITIES
|
| |
| Deposit
Liabilities |
| Demand
|
P
32,787,053.01 |
P 27,135,991.72 |
| Savings
|
790,315,753.21 |
340,484,327.57 |
| Time |
______18,370.23 |
_______21,321.89 |
| |
| Total
Deposit Liabilities |
823,121,176.45 |
367,641,641.18 |
| |
| Other
liabilities |
26,321,974.35 |
216,921,918.08 |
| |
| Total
Liabilities |
849,443,150.80 |
584,563,559.26 |
| |
| EQUITY
|
__468,094,315.71 |
__459,432,863.66 |
| |
|
TOTAL LIABILITIES AND EQUITY |
P 1,317,537,466.51 |
P 1,043,996,422.92 |
|
