BRBW Brunswick Bancorp (PK)

Brunswick Bancorp (OTCBB:BRBW):

FINANCIAL CONDITION AND RESULTS OF OPERATIONS   BRUNSWICK BANCORP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET DECEMBER 31, 2013 (UNAUDITED)   ASSETS   Cash and due from banks $ 64,424,395 Federal funds sold   -   Total cash and cash equivalents 64,424,395 Securities held to maturity 6,000,000 Securities available for sale 70,214 Loans receivable, net 96,495,546 Premises and equipment, net 1,008,596 Accrued interest receivable 271,448 Other real estate 8,557,238 Other assets   1,159,886   TOTAL ASSETS $ 177,987,323   LIABILITIES AND STOCKHOLDERS' EQUITY Deposits Non-interest bearing $ 33,393,121 Interest bearing   108,710,869   Total deposits 142,103,990 Accrued interest payable 134,878 Other liabilities   494,451   TOTAL LIABILITIES   142,733,319   STOCKHOLDERS' EQUITY Preferred stock-no stated value 10,000,000 shares authorized and no shares issued and outstanding at December 31, 2013. Common stock - no par value 10,000,000 shares authorized; 3,119,551 shares issued and outstanding at December 31, 2013. 6,239,102 Additional paid-in capital 1,944,611 Treasury stock at cost, 185,429 shares at December 31, 2013. (1,312,506 ) Retained earnings 28,815,922 Deferred stock compensation   (433,125 ) TOTAL STOCKHOLDERS' EQUITY   35,254,004   TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 177,987,323   BRUNSWICK BANCORP AND SUBSIDIARIES CONSOLIDATED STATEMENT OF INCOME (LOSS) QUARTER END DECEMBER 31, 2013 (UNAUDITED)   INTEREST INCOME Interest on loans $ 5,646,601 Interest on investments 14,249 Interest on balances with banks   118,898 TOTAL INTEREST INCOME   5,779,748   INTEREST EXPENSE Interest on deposits 458,273 Interest on borrowed funds   - Total interest expense   458,273 NET INTEREST INCOME 5,321,475 Provision for loan losses   -   NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES   5,321,475   OTHER INCOME Service fees 817,500 Other income   1,360,960 TOTAL OTHER INCOME   2,178,460   Realized loss on securities -   OTHER EXPENSES Salaries and employee benefits 2,838,944 Occupancy expenses 1,292,692 Equipment expenses 148,512 Other expenses   2,421,896 TOTAL OTHER EXPENSES   6,702,044   INCOME (LOSS) BEFORE INCOME TAX EXPENSE 797,891 Income tax expense (credit)   124,500 NET INCOME $ 673,391 NET INCOME PER SHARE OF COMMON STOCK: Basic Earnings per share $ 0.23   Average shares outstanding-basic   2,931,629

Brunswick BancorpRoman T. Gumina, 732-247-5800Chairman CEO