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Directors
William J. Bocek, Jr. - Chairman
of the Board
Francis X. Bossle, Jr.
Thomas W. Matthews
William R. Minton
Gail E. Smith
Donald A. Thorson
William W. Whitty, Jr.
Officers
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William J. Bocek, Jr.
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President, CEO
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Thomas J. Ahearn
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Senior Vice President, Chief Lending Officer
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Calvin W. Anthony
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Senior Vice President, CFO
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Mark D. Freyer
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Senior Vice President, Chief Risk/ComplianceOfficer
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Gail E. Smith
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Senior Vice President, Chief Operating Officer
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Robert K. Bloodsworth, Jr.
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Vice President, Controller
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James L. Ercole
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Vice President, Branch Operations Administrator
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Joanne E. Sheckells
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Vice President, Residential/Consumer Lending
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Rosemarie Copper
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Vice President, Assistant Corporate Secretary
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Dorothea M. Sharp
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Vice President, Loan Servicing Dept.
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Kimberly A. Waldt
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Vice President, Manager Arbutus
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Michael R. Sherman
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Assistant Vice President, Network Administrator
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Tracey Jessilonis
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Assistant Vice President, Manager Pasadena
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Angela Thomas
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Assistant Vice President, Manager Patterson Park
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Dwin Culver
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Assistant Vice President, Manager Bel Air
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Kathleen Lawrence
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Corporate Secretary
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Statement of Condition
December 31, 2009
Assets
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Mortgage Loans
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$139,993,886
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Other Loans
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2,987,644
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Cash and Liquid Investments
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24,725,115
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Mortgage Backed Securities
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21,850,692
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Federal Home Loan Bank Stock
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466,600
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Office Buildings and Equipment
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2,272,416
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Real Estate Owned and Repossessed Assets
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2,421,188
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Other Assets
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7,608,971
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Total Assets
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$202,326,512
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Liabilities and Capital
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Savings and Certificate Accounts
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$177,594,650
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Federal Home Loan Bank Advances
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2,000,000
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Mortgage Escrow Accounts
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494,762
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Other Liabilities
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1,880,019
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Regulatory Capital
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20,357,081
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Total Liabilities and Capital
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$202,326,512
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Certification
This statement has been prepared in accordance with the
regulatory reporting requirements of the Office of Thrift Supervision (OTS).
Core and Risk-Based Capital are the elements of regulatory capital
determined under such requirements. Regulatory capital is the basis by
which the OTS determines whether a savings association is operating in a
safe and sound manner. At 12/31/09 the bank's capital position was:
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Actual
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Required
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Excess
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Core
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$20,314,230
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$8,091,346
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$12,222,884
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Risk-Based Capital
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$21,949,398
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$10,451,524
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$11,497,874
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Regulatory Capital Requirements of the OTS require Chesapeake Bank of Maryland
to maintain a minimum standard of Core Capital of 4% of adjusted total
assets. Risk-Based Capital Requirements must be maintained at 8% of
risk-weighted assets. As of December 31, 2009, the Bank has the necessary
regulatory capital to meet those requirements.
Copies of the annual audited financial statements are available to the
public at our Main Office,
2001 East Joppa Road, Baltimore, MD 21234.
I, Calvin W. Anthony, Chief Financial Officer, of the above named savings
association, do hereby declare that this Statement of Condition has been
prepared in conformance with instructions issued by the Office of Thrift
Supervision and is true to the best of my knowledge.
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