Statement of Condition

Dear clients, friends and colleagues:

We are pleased to share with you our annual statement of condition for 2010. Fidelity Bank experienced another solid year of performance while maintaining a strong balance sheet..

There are several reasons for our positive results in 2010 and our optimism for 2011. Our clients' performance continued to improve throughout 2010 resulting in healthier balance sheets and increased profitability. We also enjoyed another strong year in our mortgage business as low rates resulted in refinancing activity. Finally, we closed the year with excellent asset quality and a strong capital position.

Fidelity Bank celebrated its 40th anniversary in 2010. The longevity of our client relationships and the tenure of our staff are integral to our continued success. Continuity, professionalism, and prudent lending practices have helped us thrive in tough times. We look forward to helping our customers grow and working with new clients who seek strength and stability in a bank relationship.

We hope that 2011 is a year of success for you and your business

Thank you for choosing Fidelity Bank!

Sincerely,

Charles R. Mueller
President/CEO

FIDELITY BANK STATEMENT OF CONDITION

ASSETS	2010	2009	2008
Cash and Due from Banks	$ 5,076,422	$14,527,941	$11,322,707
Investments	$27,337,545	$25,172,149	$40,967,553
Mortgage Loans Held for Sale	$163,954,580	$144,054,641	$68,013,364
Net Loans	$142,861,687	$154,850,887	$184,257,062
Goodwill and Intangible Assets	$28,603,459	$26,308,948	$26,827,911
Other Assets	$6,042,904	$7,793,686	$5,671,162
TOTAL ASSETS	$373,876,597	$372,708,252	$337,059,759

LIABILITIES AND EQUITY CAPITAL
Deposits	$236,923,227	$213,029,372	$212,863,485
Borrowing and Other Liabilities	$70,221,737	$99,930,668	$69,202,178
Shareholder's Equity	$66,731,633	$59,748,212	$54,994,096
TOTAL liabilities and shareholder's equity	$373,876,597	$372,708,252	$337,059,759

 

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