pab bankshares, inc. - SNL Financial

MANAGEMENT’S REPORT ON
INTERNAL CONTROL OVER FINANCIAL REPORTING
The management of PAB Bankshares, Inc. (the “Company”) is responsible for establishing and maintaining adequate
internal control over financial reporting. This internal control system has been designed to provide reasonable assurance to
the Company’s management and board of directors regarding the preparation and fair presentation of the Company’s
published financial statements.
All internal control systems, no matter how well designed, have inherent limitations, including the possibility of human
error and the circumvention or overriding of controls. Therefore, even those systems determined to be effective can
provide only reasonable assurance with respect to financial statement preparation and presentation. Further, because of
changes in conditions, the effectiveness of internal control over financial reporting may vary over time.
The management of the Company has assessed the effectiveness of the Company’s internal control over financial reporting
as of December 31, 2009. To make this assessment, we used the criteria for effective internal control over financial
reporting described in “Internal Control – Integrated Framework”, issued by the Committee of Sponsoring Organizations
of the Treadway Commission. Based on our assessment, we believe that, as of December 31, 2009, the Company’s
internal control over financial reporting was effective.
Our independent auditors have issued an attestation report on our assessment of the Company’s internal control over
financial reporting. A copy of the auditor’s attestation report is included in this Annual Report on Form 10-K.
PAB BANKSHARES, INC.
/s/ Donald J. Torbert, Jr
Donald J. Torbert, Jr.
President and
Chief Executive Officer
/s/ Nicole S. Stokes
Nicole S. Stokes
Executive Vice President and
Chief Financial Officer
March 8, 2010 March 8, 2010
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