pab bankshares, inc. - SNL Financial

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 27. CONDENSED FINANCIAL INFORMATION OF PAB BANKSHARES, INC.
(PARENT COMPANY ONLY)
The following information presents the condensed financial statements for PAB Bankshares, Inc.
PAB BANKSHARES, INC.
CONDENSED BALANCE SHEETS
DECEMBER 31, 2009 AND 2008
2009 2008
ASSETS
Cash on deposit with subsidiary bank $ 203,733 $ 1,101,389
Investment in subsidiary 62,387,137 101,905,733
Other assets 399,250 775,580
Total assets $ 62,990,120 $ 103,782,702
LIABILITIES AND STOCKHOLDERS' EQUITY
Guaranteed preferred beneficial interests
in debentures (trust preferred securities) $ 10,310,000 $ 10,310,000
Other liabilities 2,093,472 1,871,960
Total liabilities 12,403,472 12,181,960
Stockholders' equity 50,586,648 91,600,742
Total liabilities and stockholders'
equity $ 62,990,120 $ 103,782,702
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