BRBW Brunswick Bancorp (PK)

Brunswick Bancorp (OTCBB:BRBW):

    FINANCIAL CONDITION AND RESULTS OF OPERATIONS     BRUNSWICK BANCORP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET DECEMBER 31, 2012 (UNAUDITED)   ASSETS Cash and due from banks $ 53,155,636 Federal funds sold   - Total cash and cash equivalents 53,155,636 Securities held to maturity 3,000,000 Securities available for sale 70,214 Loans receivable, net 95,173,733 Premises and equipment, net 1,135,670 Accrued interest receivable 328,958 Other real estate 7,855,525 Other assets   1,620,232 TOTAL ASSETS $ 162,339,968 LIABILITIES AND STOCKHOLDERS' EQUITY Deposits Non-interest bearing $ 29,512,773 Interest bearing   97,326,634 Total deposits 126,839,407 Accrued interest payable 133,832 Other liabilities   378,219 TOTAL LIABILITIES   127,351,458 STOCKHOLDERS' EQUITY Preferred stock-no stated value

10,000,000 shares authorized and no shares

issued and outstanding at December 31, 2012.

Common stock - no par value

10,000,000 shares authorized;

3,119,551 shares issued and outstanding at December 31, 2012.

6,239,102 Additional paid-in capital 1,944,611 Treasury stock at cost, 187,793 shares at December 31, 2012. (1,315,258) Retained earnings 28,620,680 Deferred stock compensation   (500,625) TOTAL STOCKHOLDERS' EQUITY   34,988,510 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 162,339,968   BRUNSWICK BANCORP AND SUBSIDIARIES CONSOLIDATED STATEMENT OF INCOME (LOSS) QUARTER END DECEMBER 31, 2012 (UNAUDITED)   INTEREST INCOME Interest on loans $ 5,685,510 Interest on investments 24,301 Interest on balances with banks   106,587 TOTAL INTEREST INCOME   5,816,398   INTEREST EXPENSE Interest on deposits 534,528 Interest on borrowed funds   - Total interest expense   534,528 NET INTEREST INCOME 5,281,870 Provision for loan losses   17,283   NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES   5,264,587   OTHER INCOME Service fees 574,660 Other income   358,317 TOTAL OTHER INCOME   932,977   Realized loss on securities -   OTHER EXPENSES Salaries and employee benefits 2,549,774 Occupancy expenses 1,194,109 Equipment expenses 165,183 Other expenses   1,963,123 TOTAL OTHER EXPENSES   5,872,189   INCOME (LOSS) BEFORE INCOME TAX EXPENSE 325,375 Income tax expense (credit)   100,038 NET INCOME $ 225,337 NET INCOME PER SHARE OF COMMON STOCK: Basic Earnings per share $ 0.08   Average shares outstanding-basic   2,928,006