BERKSHIRE BANCORP INC. Financial Reports

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:· BERKSHIRE BANCORP INC.

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BERKSHIRE BANCORP INC.

Institution Profile

Year Opened :

1999

Institution Type :

Holding Company

Reserve District :

New York

Federal Regulator :

FED

Entity Type :

Bank Holding Company

Fiscal Year End :

12/31

Structure :

Corporation (stock)

S-Corp :

External Auditor :

Forvis Mazars

Related Bank / Thrift	Assets	Asset Concentration
The Berkshire Bank	572,295	Other Specialized Under 1 Billion

Financial Fast Facts
Balance Sheet (USD, in thousands)		Income Statement (USD, in thousands, ytd)

Total Assets	189,795	Total Operating Income	13,437
Total Liabilities	2,530	Total Operating Expenses	1,365
Total Equity Capital	187,265	Equity in Undistributed Income	4,344
		Net income (loss)	15,292

Miscellaneous
Cash Dividends Declared by Bank Holding Company	0
Total Consolidated Assets of Bank Holding Company	588,515

Source of Data: FDIC, FRB, NCUA, OCC, SEC, U.S. Department of the Treasury