Landmark Community Bank Home Page

Landmark Community Bank
2 South Main Street
Pittston, Pa. 18640

LANDMARK COMMUNITY BANK			LANDMARK COMMUNITY BANK
Balance Sheet			Income Statement
March 31, 2008			For the Period Ended March 31, 2008
(in thousands)			(in thousands)
ASSETS	(Unaudited)			(Unaudited)
	Cur Year	Prv Year		Cur Year		Prv Year
Cash and due from banks	$ 1,834	$ 2,006	Interest and dividend income	$ 2,420		$ 1,974
Federal funds sold	0	0	Interest expense	1,300		1,141
Investments	25,005	33,613	Net interest income	1,120		833
Loans	125,846	96,226	Provision for loan losses	61		20
Less allowance for loan losses	(1,244)	(929)	Net interest income after
			provision for loan losses	1,059		813
Net loans	124,602	95,297
			Gain (loss) on sale of
			securities, net	0		0
Premises & equipment, net	4,697	4,173	Other noninterest income	99		28
Other assets	5,760	3,026	Total noninterest income	99		28
Total assets	$ 161,898	$ 138,115
			Noninterest expense:
			Salaries and benefits	485		413
LIABILITIES AND STOCKHOLDERS' EQUITY			Occupancy and equipment
			expense	164		151
Deposits:			Professional fees and
			outside services	87		61
Demand (noninterest bearing)	$ 13,679	$ 11,527	Other operating expenses	242		182
Savings, NOW and money market	36,251	38,746	Total noninterest expense	978		807
Time	79,362	60,815	Income before tax	180		34
Total deposits	129,292	111,088	Income tax	(53)		(11)

Short-term Borrowings	9,062	8,635	Net Income/(Loss)	$ 127		$ 23
Other borrowings	9,287	4,817	Net Income/(Loss) Per Share	$ .08		$ .01
Other liabilities	500	257
Total liabilities	148,141	124,797	Selected Financial Highlights
			as of March 31, 2008
Stockholders' equity:			(in thousands except ratios)
Preferred stock, $1.00 par value and					(Unaudited)
4,000,000 shares authorized	-	-		Cur Year		Prv Year
			Interest Earning Assets	$ 148,738		$ 125,310
Common stock,$1.00 par value and 10,000,000 shares authorized;			Interest Bearing Liabilities	$ 131,539		$ 107,987
1,537,519 shares issued and outstanding	1,538	1,538	Net Interest Margin	3.02%		2.70%
			Book Value Per Share	$ 8.95		$ 8.66
Additional paid-in capital	14,284	14,275	Return on Average Assets	.32%		.07%
Deficit	(2,271)	(2,431)	Return on Average Equity	3.78%		.70%
Accumulated other comprehensive income	206	(64)	Tier I Leverage Ratio	8.54%		10.13%
Total stockholders' equity	13,757	13,318

Total liabilities and stockholders' equity	$ 161,898	$ 138,115

Letter from our CEO

	Member FDIC
	Landmark Community Bank is an equal housing lender
	Main Office 2 South Main Street, Pittston, PA 18640
	WWW.LandmarkCommunityBank.Net