BRBW Brunswick Bancorp (PK)

Brunswick Bankcorp (OTCBB:BRBW):

        BRUNSWICK BANCORP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET MARCH 31, 2012 (UNAUDITED)   ASSETS Cash and due from banks $ 33,835,239 Federal funds sold - Total cash and cash equivalents 33,835,239 Securities held to maturity 3,000,000 Securities available for sale 70,214 Loans receivable, net 98,232,505 Premises and equipment, net 1,247,874 Accrued interest receivable 490,679 Other real estate 7,354,839 Other assets 2,321,454

TOTAL ASSETS

$ 146,552,804 LIABILITIES AND STOCKHOLDERS' EQUITY Deposits Non-interest bearing $ 30,644,816 Interest bearing 78,824,828 Total deposits 109,469,644 Accrued interest payable 199,627 Other liabilities 192,867 TOTAL LIABILITIES 109,862,138 STOCKHOLDERS' EQUITY Preferred stock-no stated value 10,000,000 shares authorized and no shares issued and outstanding at march 31, 2012. Common stock - no par value 10,000,000 shares authorized; 3,119,551 shares issued and outstanding at March 31, 2012. 6,239,102 Additional paid-in capital 1,944,611 Treasury stock at cost, 192,226 shares at March 31, 2012. (1,346,466) Retained earnings 30,404,669 Deferred stock compensation (551,250) TOTAL STOCKHOLDERS' EQUITY 36,690,666 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 146,552,804 BRUNSWICK BANCORP AND SUBSIDIARIES   CONSOLIDATED STATEMENT OF INCOME (LOSS) QUARTER END MARCH 31, 2012 (UNAUDITED)   INTEREST INCOME Interest on loans $ 1,492,163 Interest on investments 4,432 Interest on balances with banks 23,999 TOTAL INTEREST INCOME 1,520,594   INTEREST EXPENSE Interest on deposits 151,298 Interest on borrowed funds - Total interest expense 151,298 NET INTEREST INCOME 1,369,296 Provision for loan losses 17,283   NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 1,352,013   OTHER INCOME Service fees 130,509 Other income 24,940 TOTAL OTHER INCOME 155,449   Realized loss on securities -   OTHER EXPENSES Salaries and employee benefits 689,413 Occupancy expenses 293,630 Equipment expenses 40,703 Other expenses 439,390 TOTAL OTHER EXPENSES 1,463,136   INCOME (LOSS) BEFORE INCOME TAX EXPENSE 44,326 Income tax expense (credit) - NET INCOME $ 44,326 NET INCOME PER SHARE OF COMMON STOCK: Basic Earnings per share $ 0.02   Average shares outstanding-basic 2,892,881