Statement of Condition
Dear Clients, Friends, and Colleagues:
It is my pleasure to share with you our 2016 Statement of Condition. Fidelity Bank experienced a very successful year and continues to be in excellent financial health with quality loans, stable deposits, and strong capital.
We are thankful for the long-standing relationships with our clients and are delighted to see them continue to prosper over the past year. As the financial services market evolves, we remain focused on our two primary niches of commercial relationships and mortgage warehouse funding. Both continue to require investments in technology and human capital. Over the years, Fidelity Bank has invested in technology upgrades, and we plan to continue enhancing our services and products into 2017.
While we are energized by the changes in technology, we understand that technology alone is not enough. The quality and dedication of our employees remains the primary driver of our success. We pride ourselves on the longevity of our team and our passion for helping our clients achieve their goals.
Thank you for your business. We look forward to helping you grow and succeed in 2017.
Charles R. Mueller – President/CEO
FIDELITY BANK STATEMENT OF CONDITION
|Cash and Due from Banks||$||9,495,046||$||8,239,638|
|Mortgage Loans Held for Sale||$||147,860,520||$||151,814,525|
|Goodwill and Intangible Assets||$||26,746,905||$||26,746,905|
|LIABILITIES AND EQUITY CAPITAL||2016||2015|
|Borrowing and Other Liabilities||$||3,969,131||$||13,065,925|
|TOTAL liabilities and shareholder's equity||$||497,822,695||$||494,573,124|