First Southern State Bank Personal AccountsCommercial AccountsInvestment ServicesLoans

Statement of Condition

ASSETS:

12-31-07

12-31-06

Cash and Due From Banks $  7,409,000 $ 6,747,000
Total Securities $ 66,003,000 $ 51,446,000
Federal Funds Sold $ 0 $ 1,950,000
Net Loans $ 141,375,000 $ 112,820,000
Less Reserves for Bad Debts

($1,131,000)

($993,000)

Bank Premises and Equipment

$ 5,355,000

$ 5,086,000

Other Assets

$ 4,193,000

$ 3,873,000
Total Assets

$223,204,000

$180,929,000
 
LIABILITIES and CAPITAL:
Demand Deposits

$ 22,598,000

$ 20,566,000

NOW and Money Market Accounts

$ 60,433,000

$ 40,661,000

Time and Savings Deposits $ 96,444,000 $ 89,336,000
Federal Home Loan Advances $ 20,000,000 $ 13,000,000
Federal Funds Purchased $ 3,614,000 $0
Other Liabilities $ 1,202,000 $ 892,000
Total Equity Capital $ 18,913,000 $ 16,474,000
Total Liabilities and Capital $223,204,000 $180,929,000
Close of Business December 31, 2007