Statement of Condition


Dear Clients, Friends and Colleagues:

Fidelity Bank celebrated its 45th anniversary in 2015. I am grateful for the longstanding relationships we have developed with our customers and pleased to consistently demonstrate the financial strength you expect. Performance in 2015 was outstanding marked by solid increases to our balances sheet in loans, deposits, and capital.

Our expertise has long been serving traditional business clients and the mortgage banking industry. This year we were fortunate to experience expansion in both areas. Commercial loans increased significantly reflecting growth of our business customers, and mortgage warehouse volumes increased due to favorable interest rates and stronger home sales.

Consistency has been our strength. I am very proud of the tenure of our staff, averaging over 17 years for relationship managers. This means you can expect to work with the same banker year over year. With a deeper understanding of your business we strive to provide you service second to none.

Thank you for your business.


Sincerely,


Charles R. Mueller
President/CEO


FIDELITY BANK STATEMENT OF CONDITION

ASSETS 2015 2014
Cash and Due from Banks $ 8,239,638 $ 42,707,237
Investments $ 60,353,391 $ 63,146,173
Mortgage Loans Held for Sale $ 151,814,525 $ 84,358,243
Net Loans $ 244,087,953 $ 231,119,474
Goodwill and Intangible Assets $ 26,746,905 $ 27,222,607
Other Assets $ 3,330,712 $ 2,432,080
TOTAL ASSETS $ 494,573,124 $ 450,985,814
LIABILITIES AND EQUITY CAPITAL 2015 2014
Deposits $ 402,801,327 $ 371,221,877
Borrowing and Other Liabilities $ 13,065,925 $ 2,437,515
Shareholder's Equity $ 78,705,872 $ 77,326,422
TOTAL liabilities and shareholder's equity $ 494,573,124 $ 450,985,814