v2.4.0.6

Consolidated Balance Sheets (USD $)	Jun. 30, 2012	Dec. 31, 2011
Assets
Cash and non-interest due from banks	$ 1,951,267	$ 1,023,828
Federal funds sold	2,521,683	824,978
Interest-bearing bank deposits	9,002,229	9,471,498
Total cash and cash equivalents	13,475,179	11,320,304
Securities available for sale	27,493,219	29,507,235
Federal Reserve Bank stock	398,300	394,050
Federal Home Loan Bank stock	160,500	183,800
Loans held for sale	458,437	888,750
Loans receivable	55,161,651	52,639,397
Deferred loan fees, net	(129,660)	(132,311)
Allowance for loan losses	(1,050,014)	(1,091,877)
Loans, net	53,981,977	51,415,209
Premises and equipment, net	206,031	246,443
Accrued income and other assets	440,115	468,888
Total assets	96,613,758	94,424,679
Deposits:
Non-interest bearing demand	5,166,644	4,819,581
Interest checking	4,854,125	4,604,083
Money market	31,840,684	35,352,570
Savings	619,701	500,947
Certificates of deposit	39,114,778	34,500,228
Total deposits	81,595,932	79,777,409
Accrued expenses and other liabilities	754,832	561,446
Total liabilities	82,350,764	80,338,855
Shareholders' Equity
Preferred stock, $.01 par value, 10,000,000 shares authorized, none issued and outstanding
Common stock, $.01 par value, 50,000,000 shares authorized, 2,188,000 and 2,190,500 issued and outstanding at June 30, 2012 and December 31, 2011, respectively	21,880	21,905
Additional paid-in capital	21,807,366	21,794,089
Unearned compensation, nonvested restricted stock	(16,667)	(44,583)
Retained deficit	(8,001,902)	(7,826,852)
Accumulated other comprehensive income	452,317	141,265
Total shareholders' equity	14,262,994	14,085,824
Total liabilities and shareholders' equity	$ 96,613,758	$ 94,424,679

Amount of obligations incurred and payable, pertaining to costs that are statutory in nature, incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include, but not limited to, taxes, interest, rent and utilities. Also includes the aggregate carrying amount of liabilities not separately disclosed.

Coastal Carolina Bancshares, Inc. 10-Q