Statement of Condition

Dear clients, friends and colleagues:

We are pleased to share with you our annual statement of condition for 2011.  Fidelity Bank experienced another solid year of performance and continues to maintain a strong balance sheet.

Our results continue to be driven by the success and loyalty of our customers.  As the economy begins to improve, so does our clients’ performance, with stronger balance sheets and improved profitability.  We experienced a strong year in our mortgage business as the unusually low interest rate environment generated consistent refinancing activity. 

The quality and dedication of our staff is a key ingredient of Fidelity Bank’s solid performance.  The “Intellectual Capital” we bring to each of our customers makes us a leader in relationship banking.  We pride ourselves on the longevity of our staff, our expertise in business banking and our genuine enthusiasm to help our clients grow and succeed.

We are optimistic about the coming year and hope 2012 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	2011	2010	2009
Cash and Due from Banks	$11,671,521	$ 5,076,422	$14,527,941
Investments	$58,199,165	$27,337,545	$25,172,149
Mortgage Loans Held for Sale	$161,332,974	$163,954,580	$144,054,641
Net Loans	$164,332,974	$142,861,687	$154,850,887
Goodwill and Intangible Assets	$28,084,496	$28,603,459	$26,308,948
Other Assets	$6,769,786	$6,042,904	$7,793,686
TOTAL ASSETS	$430,149,145	$373,876,597	$372,708,252

LIABILITIES AND EQUITY CAPITAL
Deposits	$271,023,863	$236,923,227	$213,029,372
Borrowing and Other Liabilities	$88,272,238	$70,221,737	$99,930,668
Shareholder's Equity	$70,853,044	$66,731,633	$59,748,212
TOTAL liabilities and shareholder's equity	$430,149,145	$373,876,597	$372,708,252

 

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