BRBW Brunswick Bancorp (PK)

Brunswick Bancorp (OTCBB: BRBW):

FINANCIAL CONDITION AND RESULTS OF OPERATIONS         BRUNSWICK BANCORP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET JUNE 30, 2013 (UNAUDITED)   ASSETS Cash and due from banks $ 51,322,509 Federal funds sold   -   Total cash and cash equivalents 51,322,509 Securities held to maturity 6,003,750 Securities available for sale 70,214 Loans receivable, net 94,223,184 Premises and equipment, net 1,029,735 Accrued interest receivable 299,130 Other real estate 8,733,327 Other assets   1,134,331   TOTAL ASSETS $ 162,816,180   LIABILITIES AND STOCKHOLDERS' EQUITY Deposits Non-interest bearing $ 31,651,436 Interest bearing   95,200,598   Total deposits 126,852,034 Accrued interest payable 221,641 Other liabilities   835,015   TOTAL LIABILITIES   127,908,690   STOCKHOLDERS' EQUITY

Preferred stock-no stated value 10,000,000 shares authorized and no shares issued and outstanding at June 30, 2013.

Common stock - no par value 10,000,000 shares authorized; 3,119,551 shares issued and outstanding at June 30, 2013.

6,239,102 Additional paid-in capital 1,944,611

Treasury stock at cost, 185,429 shares at June 30, 2013.

(1,298,887 ) Retained earnings 28,489,539 Deferred stock compensation   (466,875 ) TOTAL STOCKHOLDERS' EQUITY   34,907,490   TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 162,816,180       BRUNSWICK BANCORP AND SUBSIDIARIES CONSOLIDATED STATEMENT OF INCOME (LOSS) QUARTER END JUNE 30, 2013 (UNAUDITED)   INTEREST INCOME Interest on loans $ 2,807,281 Interest on investments 5,911 Interest on balances with banks   55,737   TOTAL INTEREST INCOME   2,868,929     INTEREST EXPENSE Interest on deposits 234,132 Interest on borrowed funds   -   Total interest expense   234,132   NET INTEREST INCOME 2,634,797 Provision for loan losses   -     NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES   2,634,797     OTHER INCOME Service fees 400,145 Other income   1,179,774   TOTAL OTHER INCOME   1,579,919     Realized loss on securities -   OTHER EXPENSES Salaries and employee benefits 1,607,173 Occupancy expenses 692,777 Equipment expenses 152,906 Other expenses   1,403,851   TOTAL OTHER EXPENSES   3,856,707     INCOME (LOSS) BEFORE INCOME TAX EXPENSE 358,009 Income tax expense (credit)   11,000   NET INCOME $ 347,009   NET INCOME PER SHARE OF COMMON STOCK: Basic Earnings per share $ 0.04     Average shares outstanding-basic   2,933,036