2006 ANNUAL REPORT - Far East National Bank
2006 ANNUAL REPORT - Far East National Bank
2006 ANNUAL REPORT - Far East National Bank
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As of December 31, <strong>2006</strong> and 2005, the <strong>Bank</strong> held approximately $101,282,000 and $50,139,000,respectively, in federal funds purchased and placements.As of December 31, <strong>2006</strong> and 2005, the <strong>Bank</strong> had securities sold with agreements to repurchase(“Repos”) of approximately $39,000,000 and $57,000,000, respectively. The average balance on theRepos for <strong>2006</strong> and 2005 was approximately $38,700,000 and $60,212,000, respectively, with aweighted interest rate of 4.76% and 2.68% for the years <strong>2006</strong> and 2005, respectively.******38
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