Asheville Savings Bank

Financial Statement


Statement of Condition
September 30, 2008

Assets
Mortgage Loans and Contracts $450,804,668
Non-Mortgage Loans 124,529,438
Cash and Investments 85,840,571
Fixed Assets, Net 15,737,060
Other Assets 15,469,556
TOTAL ASSETS $692,381,293

Liabilities and Capital
Savings Deposits $513,404,166
FHLB Advances98,000,000
Other Borrowed Money 3,435,471
Other Liabilities 4,935,989
Unappropriated Retained Earnings 72,605,667
TOTAL LIABILITIES & CAPITAL $692,381,293

This statement has not been reviewed or confirmed for accuracy or relevance by the Federal Deposit Insurance Corporation. September 30, 2008.