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Share Name | Share Symbol | Market | Type |
---|---|---|---|
BOL Bancshares Inc (GM) | USOTC:BOLB | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.00 | 0.00 | 01:00:00 |
Louisiana
|
72-1121561
|
(State of incorporation)
|
(I.R.S. Employer Identification No.)
|
Large accelerated filer
o
|
Accelerated filer
o
|
|
Non-accelerated filer
o
|
Smaller reporting company
x
|
Page No.
|
|||
PART I. Financial Information
|
|||
Item 1.
|
Financial Statements
|
||
3
|
|||
4
|
|||
5
|
|||
6
|
|||
7
|
|||
Item 2.
|
17
|
||
Item 3.
|
19
|
||
Item 4.
|
20
|
||
Item 4T.
|
20
|
||
PART II. Other Information
|
|||
Item 6.
|
21
|
||
22
|
June 30,
|
Dec. 31,
|
|||||||
(Amounts in Thousands)
|
2011
|
2010
|
||||||
(Unaudited)
|
(Audited)
|
|||||||
ASSETS
|
||||||||
Cash and Due from Banks
|
||||||||
Non-Interest Bearing Balances and Cash
|
$ | 2,825 | $ | 3,834 | ||||
Federal Funds Sold
|
16,775 | 14,950 | ||||||
Certificates of Deposit
|
3,953 | 4,203 | ||||||
Investment Securities
|
||||||||
Securities Held to Maturity
|
0 | 0 | ||||||
Securities Available for Sale
|
878 | 878 | ||||||
Loans-Less Allowance for Loan Losses of $1,800 in 2011 and in 2010
|
57,141 | 60,236 | ||||||
Property, Equipment and Leasehold Improvements (Net of Depreciation and Amortization)
|
5,755 | 5,856 | ||||||
Other Real Estate
|
4,153 | 3,137 | ||||||
Other Assets
|
813 | 1,282 | ||||||
TOTAL ASSETS
|
$ | 92,294 | $ | 94,376 | ||||
LIABILITIES AND SHAREHOLDERS' EQUITY
|
||||||||
LIABILITIES
|
||||||||
Deposits:
|
||||||||
Non-Interest Bearing
|
30,562 | 31,867 | ||||||
NOW Accounts
|
10,597 | 11,184 | ||||||
Money Market Accounts
|
4,180 | 3,948 | ||||||
Savings Accounts
|
20,065 | 20,157 | ||||||
Time Deposits, $100,000 and over
|
2,835 | 5,248 | ||||||
Other Time Deposits
|
10,325 | 8,173 | ||||||
TOTAL DEPOSITS
|
78,563 | 80,577 | ||||||
Notes Payable
|
1,144 | 1,144 | ||||||
Other Liabilities
|
762 | 882 | ||||||
TOTAL LIABILITIES
|
80,470 | 82,603 | ||||||
SHAREHOLDERS' EQUITY
|
||||||||
Preferred Stock - Par Value $1
|
||||||||
1,808,911 Shares Issued and Outstanding at June 30, 2011
|
||||||||
1,810,296 Shares Issued and Outstanding at December 31, 2010
|
1,809 | 1,810 | ||||||
Common Stock - Par Value $1
|
||||||||
179,145 Shares Issued and Outstanding in 2011 and 2010
|
179 | 179 | ||||||
Accumulated Other Comprehensive Income
|
513 | 513 | ||||||
Capital in Excess of Par - Retired Stock
|
195 | 195 | ||||||
Undivided Profits
|
9,075 | 8,777 | ||||||
Current Earnings
|
53 | 299 | ||||||
TOTAL SHAREHOLDERS' EQUITY
|
11,824 | 11,773 | ||||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
|
$ | 92,294 | $ | 94,376 |
Three months ended
|
Six months ended
|
|||||||||||||||
June 30,
|
June 30,
|
|||||||||||||||
(Amounts in Thousands)
|
2011
|
2010
|
2011
|
2010
|
||||||||||||
INTEREST INCOME
|
||||||||||||||||
Interest and Fees on Loans
|
$ | 1,493 | $ | 1,554 | $ | 2,970 | $ | 3,041 | ||||||||
Interest on Investment Securities
|
2 | 6 | 4 | 9 | ||||||||||||
Interest on Federal Funds Sold
|
4 | 5 | 10 | 8 | ||||||||||||
Interest on Certificates of Deposit
|
9 | 14 | 18 | 31 | ||||||||||||
Total Interest Income
|
1,507 | 1,579 | 3,002 | 3,089 | ||||||||||||
INTEREST EXPENSE
|
||||||||||||||||
Interest on Deposits
|
89 | 88 | 177 | 179 | ||||||||||||
Interest Expense on Notes Payable and Debentures
|
19 | 19 | 37 | 37 | ||||||||||||
Total Interest Expense
|
108 | 107 | 214 | 216 | ||||||||||||
NET INTEREST INCOME
|
1,399 | 1,472 | 2,788 | 2,873 | ||||||||||||
Provision for Loan Losses
|
32 | 109 | 51 | 184 | ||||||||||||
NET INTEREST INCOME AFTER PROVISION
|
||||||||||||||||
FOR LOAN LOSSES
|
1,367 | 1,363 | 2,737 | 2,689 | ||||||||||||
NON-INTEREST INCOME
|
||||||||||||||||
Service Charges on Deposit Accounts
|
108 | 114 | 217 | 226 | ||||||||||||
Cardholder & Other Credit Card Income
|
105 | 106 | 206 | 207 | ||||||||||||
Other Operating Income
|
19 | 210 | 59 | 525 | ||||||||||||
Total Non-interest Income
|
232 | 430 | 481 | 958 | ||||||||||||
NON-INTEREST EXPENSE
|
||||||||||||||||
Salaries and Employee Benefits
|
597 | 653 | 1,197 | 1,277 | ||||||||||||
Occupancy Expense
|
233 | 267 | 457 | 535 | ||||||||||||
Communications
|
57 | 60 | 114 | 107 | ||||||||||||
Outsourcing Fees
|
380 | 390 | 726 | 709 | ||||||||||||
Loan & Credit Card Expense
|
30 | 31 | 58 | 57 | ||||||||||||
Professional Fees
|
68 | 66 | 150 | 120 | ||||||||||||
ORE Expense
|
65 | 123 | 109 | 234 | ||||||||||||
Other Operating Expense
|
158 | 233 | 316 | 246 | ||||||||||||
Total Non-interest Expense
|
1,589 | 1,823 | 3,126 | 3,285 | ||||||||||||
Income Before Tax Provision
|
10 | (30 | ) | 92 | 362 | |||||||||||
Provision for (Benefit) Income Taxes
|
7 | (85 | ) | 39 | 51 | |||||||||||
NET INCOME
|
$ | 3 | $ | 55 | $ | 53 | $ | 310 | ||||||||
Earnings Per Share of Common Stock
|
$ | 0.02 | $ | 0.31 | $ | 0.29 | $ | 1.73 |
Six Months Ended
|
||||||||
June 30,
|
June 30,
|
|||||||
(Amounts in thousands)
|
2011
|
2010
|
||||||
NET INCOME
|
$ | 53 | $ | 310 | ||||
OTHER COMPREHENSIVE INCOME, NET OF TAX
|
||||||||
Unrealized Holding Losses on Investment Securities Available-for-Sale, Arising During the Period
|
- | - | ||||||
COMPREHENSIVE INCOME
|
$ | 53 | $ | 310 |
Six Months Ended
|
||||||||
June 30,
|
June 30,
|
|||||||
(Amounts in thousands)
|
2011
|
2010
|
||||||
OPERATING ACTIVITIES
|
||||||||
Net Income
|
$ | 53 | $ | 310 | ||||
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
|
||||||||
Provision for Loan Losses
|
51 | 184 | ||||||
Depreciation and Amortization Expense
|
157 | 194 | ||||||
Gain on Sale of Other Real Estate
|
- | (395 | ) | |||||
Decrease in Other Assets
|
468 | 730 | ||||||
Decrease in Other Liabilities and Accrued Interest
|
(120 | ) | (296 | ) | ||||
Net Cash Provided by Operating Activities
|
609 | 727 | ||||||
INVESTING ACTIVITIES
|
||||||||
Proceeds from Held-to-Maturity Investment Securities
|
||||||||
Released at Maturity
|
- | 1,000 | ||||||
Purchases of Held-to-Maturity Investment Securities
|
- | (3,000 | ) | |||||
Purchases of Property and Equipment
|
(56 | ) | (63 | ) | ||||
Capitalized Construction Costs for ORE
|
(17 | ) | (432 | ) | ||||
Increase in Certificate of Deposit with Other Banks
|
250 | 499 | ||||||
Net Decrease (Increase) in Loans
|
2,045 | (2,435 | ) | |||||
Net Cash Provided by (Used in) Investing Activities
|
2,222 | (4,431 | ) | |||||
FINANCING ACTIVITIES
|
||||||||
Net Decrease in Non-Interest Bearing and Interest Bearing Deposits
|
(2,014 | ) | (395 | ) | ||||
Preferred Stock Retired
|
(1 | ) | (22 | ) | ||||
Net Cash Used in Financing Activities
|
(2,015 | ) | (417 | ) | ||||
Net (Decrease) in Cash and Cash Equivalents
|
816 | (4,121 | ) | |||||
Cash and Cash Equivalents - Beginning of Year
|
18,784 | 17,591 | ||||||
Cash and Cash Equivalents - End of Period
|
$ | 19,600 | $ | 13,470 | ||||
SUPPLEMENTAL DISCLOSURES:
|
||||||||
Cash Paid During the Year for Interest
|
$ | 94 | $ | 257 | ||||
Cash (Received) Paid During the Year for Income Taxes
|
$ | 11 | $ | (225 | ) | |||
Market Value Adjustment for Unrealized Loss on Securities Available-for-Sale
|
$ | - | $ | - | ||||
Additions to Other Real Estate Thru Foreclosure
|
$ | 999 | $ | 601 |
June 30, 2011
|
||||||||
`
|
Carrying
|
Fair
|
||||||
Amount
|
Value
|
|||||||
(In Thousands)
|
||||||||
Financial Assets:
|
||||||||
Cash and Short-Term Investments
|
$ | 2,825 | $ | 2,838 | ||||
Certificates of Deposit
|
3,953 | 3,853 | ||||||
Investment Securities
|
878 | 878 | ||||||
Loans
|
58,941 | 58,698 | ||||||
Less: Allowance for Loan Losses
|
(1,800 | ) | (1,800 | ) | ||||
$ | 64,797 | $ | 64,467 | |||||
Financial Liabilities:
|
||||||||
Deposits
|
$ | 78,563 | $ | 79,043 | ||||
Unrecognized Financial Instruments:
|
||||||||
Commitments to Extend Credit
|
$ | 974 | $ | 974 | ||||
Credit Card Arrangements
|
13,109 | 13,109 | ||||||
$ | 14,083 | $ | 14,083 |
December 31, 2010
|
||||||||
Carrying
|
Fair
|
|||||||
Amount
|
Value
|
|||||||
(In Thousands)
|
||||||||
Financial Assets:
|
||||||||
Cash and Short-Term Investments
|
$ | 3,834 | $ | 3,834 | ||||
Certificates of Deposit
|
4,203 | 4,203 | ||||||
Investment Securities
|
878 | 878 | ||||||
Loans
|
62,036 | 62,054 | ||||||
Less: Allowance for Loan Losses
|
(1,800 | ) | (1,800 | ) | ||||
$ | 69,151 | $ | 69,169 | |||||
Financial Liabilities:
|
||||||||
Deposits
|
$ | 80,577 | $ | 80,675 | ||||
Unrecognized Financial Instruments:
|
||||||||
Commitments to Extend Credit
|
$ | 1,763 | $ | 1,763 | ||||
Credit Card Arrangements
|
14,626 | 14,626 | ||||||
$ | 16,389 | $ | 16,389 |
June 30,
|
December 31,
|
|||||||
2011
|
2010
|
|||||||
Real Estate Mortgages:
|
||||||||
Residential 1-4 Family
|
$ | 20,813,797 | $ | 19,541,387 | ||||
Commercial
|
18,595,350 | 20,281,907 | ||||||
Construction
|
6,714,135 | 9,023,499 | ||||||
Second Mortgages
|
893,398 | 948,686 | ||||||
Other
|
1,668,276 | 1,724,934 | ||||||
48,684,956 | 51,520,413 | |||||||
Commercial
|
2,625,311 | 2,726,278 | ||||||
Personal
|
1,540,159 | 1,191,139 | ||||||
Credit Cards
|
5,941,645 | 6,321,359 | ||||||
Overdrafts
|
148,452 | 276,932 | ||||||
58,940,523 | 62,036,121 | |||||||
Allowance for Loan Losses
|
1,800,000 | 1,800,000 | ||||||
Net Loans
|
$ | 57,140,523 | $ | 60,236,121 |
June 30,
|
December 31,
|
|||||||
2011
|
2010
|
|||||||
(In Thousands)
|
||||||||
Fixed Rate Loans:
|
||||||||
Maturing in 3 Months or Less
|
$ | 12,042 | $ | 13,785 | ||||
Maturing Between 3 and 12 Months
|
28,364 | 29,769 | ||||||
Maturing Between 1 and 5 Years
|
15,616 | 14,154 | ||||||
Maturing After 5 Years
|
596 | 631 | ||||||
Variable Rate Loans:
|
||||||||
Maturing Quarterly or More Frequently
|
1,352 | 723 | ||||||
Maturing Between 3 and 12 Months
|
- | 698 | ||||||
Maturing Between 1 and 5 Years
|
- | - | ||||||
Non accrual Loans
|
971 | 2,276 | ||||||
Less: Allowance for Loan Losses
|
(1,800 | ) | (1,800 | ) | ||||
Net Loans
|
$ | 57,141 | $ | 60,236 |
June 30,
|
December 31,
|
|||||||
2011
|
2010
|
|||||||
(in thousands)
|
||||||||
Real Estate Mortgages
|
||||||||
Residential 1-4 Family
|
$ | 727,438 | $ | 793,000 | ||||
Commercial
|
- | 100,567 | ||||||
Construction
|
220,200 | 1,370,856 | ||||||
Second Mortgages
|
- | - | ||||||
Other
|
- | - | ||||||
Commercial
|
11,305 | - | ||||||
Personal
|
11,793 | 11,793 | ||||||
Credit Cards
|
- | - | ||||||
Overdrafts
|
- | - | ||||||
Total
|
$ | 970,736 | $ | 2,276,216 |
ACCRUING
|
||||||||||||||||||||||||
30-89 |
90-MORE
|
TOTAL
|
CURRENT
|
TOTAL
|
90-MORE
|
|||||||||||||||||||
June 30, 2011
|
DAYS
|
DAYS
|
PAST DUE
|
LOANS
|
LOANS
|
PAST DUE
|
||||||||||||||||||
Real Estate
|
||||||||||||||||||||||||
1-4 Family Res.
|
$ | 1,500,249 | $ | 970,901 | $ | 2,471,150 | $ | 18,342,647 | $ | 20,813,797 | $ | 243,463 | ||||||||||||
Commercial
|
128,649 | - | 128,649 | 18,466,701 | 18,595,350 | - | ||||||||||||||||||
Construction
|
622,371 | 492,286 | 1,114,657 | 5,599,478 | 6,714,135 | 272,086 | ||||||||||||||||||
Second Mortgages
|
27,559 | - | 27,559 | 865,839 | 893,398 | - | ||||||||||||||||||
Other
|
- | - | - | 1,668,276 | 1,668,276 | - | ||||||||||||||||||
Commercial
|
25,938 | 16,049 | 41,987 | 2,583,324 | 2,625,311 | 4,744 | ||||||||||||||||||
Personal
|
32,151 | 100,970 | 133,121 | 1,407,038 | 1,540,159 | 89,177 | ||||||||||||||||||
Credit Cards
|
53,713 | 101,667 | 155,380 | 5,786,265 | 5,941,645 | 101,667 | ||||||||||||||||||
Overdrafts
|
1,905 | 55,496 | 57,401 | 91,051 | 148,452 | 55,496 | ||||||||||||||||||
Total
|
$ | 2,392,535 | $ | 1,737,369 | $ | 4,129,904 | $ | 54,810,619 | $ | 58,940,523 | $ | 766,633 |
ACCRUING
|
||||||||||||||||||||||||
30-89 |
90-MORE
|
TOTAL
|
CURRENT
|
TOTAL
|
90-MORE
|
|||||||||||||||||||
December 31, 2010
|
DAYS
|
DAYS
|
PAST DUE
|
LOANS
|
LOANS
|
PAST DUE
|
||||||||||||||||||
Real Estate
|
||||||||||||||||||||||||
1-4 Family Res.
|
$ | 1,467,116 | $ | 2,410,231 | $ | 3,877,347 | $ | 15,664,040 | $ | 19,541,387 | $ | 1,617,230 | ||||||||||||
Commercial
|
327,960 | 100,567 | 428,527 | 19,853,380 | 20,281,907 | - | ||||||||||||||||||
Construction
|
406,363 | 1,370,855 | 1,777,218 | 7,246,281 | 9,023,499 | - | ||||||||||||||||||
Second Mortgages
|
28,730 | - | 28,730 | 919,956 | 948,686 | - | ||||||||||||||||||
Other
|
278,725 | 278,725 | 1,446,209 | 1,724,934 | - | |||||||||||||||||||
Commercial
|
461,279 | 1,441 | 462,720 | 2,263,558 | 2,726,278 | 1,441 | ||||||||||||||||||
Personal
|
62,838 | 22,493 | 85,331 | 1,105,808 | 1,191,139 | 10,700 | ||||||||||||||||||
Credit Cards
|
129,317 | 55,518 | 184,835 | 6,136,524 | 6,321,359 | 55,518 | ||||||||||||||||||
Overdrafts
|
3,800 | 210,101 | 213,901 | 63,031 | 276,932 | 210,101 | ||||||||||||||||||
Total
|
$ | 3,166,128 | $ | 4,171,206 | $ | 7,337,334 | $ | 54,698,787 | $ | 62,036,121 | $ | 1,894,990 |
Unpaid Contractual Principal Balance
|
Recorded Investment with No Allowance
|
Recorded Investment with Allowance
|
Total Recorded Investment
|
Related Allowance
|
||||||||||||||||
Real Estate
|
||||||||||||||||||||
Residential 1-4 Family
|
$ | 3,725,308 | $ | - | $ | 3,725,308 | $ | 3,725,308 | $ | 748,113 | ||||||||||
Commercial
|
- | - | - | - | - | |||||||||||||||
Construction
|
574,171 | - | 574,171 | 574,171 | 91,128 | |||||||||||||||
Second Mortgages
|
- | - | - | - | - | |||||||||||||||
Other
|
11,793 | - | 11,793 | 11,793 | 5,323 | |||||||||||||||
Commercial
|
6,614 | - | 6,614 | 6,614 | - | |||||||||||||||
Personal
|
82,088 | - | 82,088 | 82,088 | 7,845 | |||||||||||||||
Credit Cards
|
- | - | - | - | - | |||||||||||||||
Overdrafts
|
46,718 | - | 46,718 | 46,718 | 7,008 | |||||||||||||||
Total
|
$ | 4,446,692 | $ | - | $ | 4,446,692 | $ | 4,446,692 | $ | 859,417 |
Unpaid Contractual Principal Balance
|
Recorded Investment with No Allowance
|
Recorded Investment with Allowance
|
Total Recorded Investment
|
Related Allowance
|
||||||||||||||||
Real Estate
|
||||||||||||||||||||
Residential 1-4 Family
|
$ | 3,061,009 | $ | - | $ | 3,061,009 | $ | 3,061,009 | $ | 532,438 | ||||||||||
Commercial
|
- | - | - | - | - | |||||||||||||||
Construction
|
1,573,321 | - | 1,573,321 | 1,573,321 | 382,261 | |||||||||||||||
Second Mortgages
|
- | - | - | - | - | |||||||||||||||
Other
|
115,856 | - | 115,856 | 115,856 | 11,284 | |||||||||||||||
Commercial
|
7,303 | - | 7,303 | 7,303 | 820 | |||||||||||||||
Personal
|
108,894 | - | 108,894 | 108,894 | 5,362 | |||||||||||||||
Credit Cards
|
- | - | - | - | - | |||||||||||||||
Overdrafts
|
205,751 | - | 205,751 | 205,751 | 30,863 | |||||||||||||||
Total
|
$ | 5,072,134 | $ | - | $ | 5,072,134 | $ | 5,072,134 | $ | 963,028 |
Real Estate
|
Commercial
|
Personal
|
Credit Cards
|
Overdrafts
|
Unallocated
|
Total
|
||||||||||||||||||||||
Balance at January 1, 2011
|
$ | 970,452 | $ | 45,287 | $ | 17,763 | $ | 367,544 | $ | 31,171 | $ | 367,783 | $ | 1,800,000 | ||||||||||||||
Provision for Possible Loan Losses
|
(108,888 | ) | 11,883 | 7,830 | 32,466 | (23,545 | ) | 131,695 | 51,441 | |||||||||||||||||||
Charge-Offs
|
(19,153 | ) | (15,959 | ) | (6,060 | ) | (135,737 | ) | (1,242 | ) | (25 | ) | (178,176 | ) | ||||||||||||||
Recoveries
|
43,364 | - | 2,930 | 79,747 | 694 | 126,735 | ||||||||||||||||||||||
Net Charge-Offs
|
24,211 | (15,959 | ) | (3,130 | ) | (55,990 | ) | (548 | ) | - | (51,441 | ) | ||||||||||||||||
Ending Balance
|
$ | 885,775 | $ | 41,211 | $ | 22,463 | $ | 344,020 | $ | 7,078 | $ | 499,453 | $ | 1,800,000 | ||||||||||||||
Period-End Amount Allocated To:
|
||||||||||||||||||||||||||||
Loans Individually Evaluated for Impairment
|
$ | 844,564 | $ | - | $ | 7,845 | $ | - | $ | 7,008 | $ | - | $ | 859,417 | ||||||||||||||
Loans Collectively Evaluated for Impairment
|
41,211 | 41,211 | 14,618 | 344,020 | 70 | 499,453 | 940,583 | |||||||||||||||||||||
Ending Balance
|
$ | 885,775 | $ | 41,211 | $ | 22,463 | $ | 344,020 | $ | 7,078 | $ | 499,453 | $ | 1,800,000 |
Real Estate
|
Commercial
|
Personal
|
Credit Cards
|
Overdrafts
|
Unallocated
|
Total
|
||||||||||||||||||||||
Balance at January 1, 2010
|
$ | 1,229,554 | $ | 125,487 | $ | 67,616 | $ | 360,976 | $ | 13,033 | $ | 3,334 | $ | 1,800,000 | ||||||||||||||
Provision for Possible Loan Losses
|
(256,220 | ) | (105,250 | ) | (43,117 | ) | 312,444 | 32,382 | 364,449 | 304,688 | ||||||||||||||||||
Charge-Offs
|
(4,371 | ) | - | (6,736 | ) | (476,737 | ) | (16,704 | ) | - | (504,548 | ) | ||||||||||||||||
Recoveries
|
1,489 | 25,050 | - | 170,861 | 2,460 | - | 199,860 | |||||||||||||||||||||
Net Charge-Offs
|
(2,882 | ) | 25,050 | (6,736 | ) | (305,876 | ) | (14,244 | ) | - | (304,688 | ) | ||||||||||||||||
Ending Balance
|
$ | 970,452 | $ | 45,287 | $ | 17,763 | $ | 367,544 | $ | 31,171 | $ | 367,783 | $ | 1,800,000 | ||||||||||||||
Period-End Amount Allocated To:
|
||||||||||||||||||||||||||||
Loans Individually Evaluated for Impairment
|
$ | 925,985 | $ | 820 | $ | 5,363 | $ | - | $ | 30,862 | $ | - | $ | 963,030 | ||||||||||||||
Loans Collectively Evaluated for Impairment
|
44,467 | 44,467 | 12,400 | 367,544 | 309 | 367,783 | 836,970 | |||||||||||||||||||||
Balance at December 31, 2010
|
$ | 970,452 | $ | 45,287 | $ | 17,763 | $ | 367,544 | $ | 31,171 | $ | 367,783 | $ | 1,800,000 |
Real Estate
|
Commercial
|
Personal
|
Credit Cards
|
Overdrafts
|
Total
|
|||||||||||||||||||
Pass
|
$ | 43,707,625 | $ | 908,134 | $ | 1,467,153 | $ | 5,941,645 | $ | - | $ | 52,024,557 | ||||||||||||
Watch
|
653,893 | 1,710,563 | 3,084 | - | 101,734 | 2,469,274 | ||||||||||||||||||
Substandard
|
4,323,438 | 6,614 | 69,922 | - | 46,718 | 4,446,692 | ||||||||||||||||||
Doubtful
|
- | - | - | - | - | - | ||||||||||||||||||
Totals
|
$ | 48,684,956 | $ | 2,625,311 | $ | 1,540,159 | $ | 5,941,645 | $ | 148,452 | $ | 58,940,523 |
Real Estate
|
Commercial
|
Personal
|
Credit Cards
|
Overdrafts
|
Total
|
|||||||||||||||||||
Pass
|
$ | 44,399,289 | $ | 1,546,798 | $ | 1,082,245 | $ | 6,321,359 | $ | - | $ | 53,349,691 | ||||||||||||
Watch
|
2,382,733 | 1,160,384 | - | - | 71,181 | 3,614,298 | ||||||||||||||||||
Substandard
|
2,473,968 | 7,303 | 108,894 | - | 205,751 | 2,795,916 | ||||||||||||||||||
Doubtful
|
2,264,423 | 11,793 | - | - | - | 2,276,216 | ||||||||||||||||||
Totals
|
$ | 51,520,413 | $ | 2,726,278 | $ | 1,191,139 | $ | 6,321,359 | $ | 276,932 | $ | 62,036,121 |
|
·
|
Level 1 - Inputs are based upon unadjusted quoted prices for identical instruments traded in active markets
|
|
·
|
Level 2 - Inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market date for substantially the full term of the assets or liabilities
|
|
·
|
Level 3 - Inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques.
|
June 30, 2011
|
||||||||||||||||
Level 1
|
Level 2
|
Level 3
|
Net Balance
|
|||||||||||||
Assets
|
||||||||||||||||
Equity Securities
|
$ | - | $ | 814 | $ | - | $ | 814 | ||||||||
Total
|
$ | - | $ | 814 | $ | - | $ | 814 |
December 31, 2010
|
||||||||||||||||
Level 1
|
Level 2
|
Level 3
|
Net Balance
|
|||||||||||||
Assets
|
||||||||||||||||
Equity Securities
|
$ | - | $ | 814 | $ | - | $ | 814 | ||||||||
Total
|
$ | - | $ | 814 | $ | - | $ | 814 |
Number of Shares
|
||||||||||||
Nominee
|
For
|
Against
|
Abstain
|
|||||||||
G. Harrison Scott
|
123,644 | 99 | 176 | |||||||||
Johny C. Crow
|
123,644 | 99 | 176 | |||||||||
Franck F. LaBiche
|
123,644 | 99 | 176 | |||||||||
Sharry r. Scott
|
123,644 | 99 | 176 | |||||||||
A. Earle Cefalu, Jr.
|
123,644 | 99 | 176 | |||||||||
Exhibits
|
|
Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer
|
|
Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer
|
|
Certification Pursuant to 18 U.S.C. Section 1350
|
BOL BANCSHARES, INC.
|
||
August 19, 2011
|
/s/ G. Harrison Scott
|
|
Date
|
G. Harrison Scott
|
|
Chairman
|
||
(in his capacity as a duly authorized officer of the Registrant)
|
||
/s/ Peggy L. Schaefer
|
||
Peggy L. Schaefer
|
||
Treasurer
|
||
(in her capacity as Chief Accounting Officer of the Registrant)
|
1 Year BOL Bancshares (GM) Chart |
1 Month BOL Bancshares (GM) Chart |
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