Financial Statement

Eagle Bancorp and Subsidiary

(Consolidated)
(Dollars in Thousands)

	September 30, 2009 (Unaudited)	June 30, 2009 (Unaudited)
ASSETS
Cash and due from banks	$3,687	$2,487
Interest bearing deposits with banks	944	224
Federal Funds sold	3,211	3,617
Securities available for sale, at market value	92,100	82,263
Securities held to maturity, at cost	265	375
Preferred stock- SFAS 159, at market value	108	25
Federal Home Loan Bank stock, at cost	2,000	2,000
Investment in Eagle Bancorp Statutory Trust I	155	155
Mortgage loans held for sale	3,494	5,349
Loans receivable, net of deferred loan fees and allowance for loan losses of $625 at September 30, 2009 and $525 at June 30, 2009	168,185	167,197
Accrued interest and dividends receivable	1,540	1,399
Mortgage servicing rights, net	2,315	2,208
Premises and equipment, net	15,371	13,761
Cash surrender value of life insurance	6,544	6,496
Real estate acquired in settlement of loans, net of allowance for losses	158	-
Other assets	603	2,153
Total assets	$300,608	$289,709
LIABILITIES
Noninterest bearing	$18,902	$14,247
Interest bearing	176,178	172,952
Accrued expenses and other liabilities	3,379	2,507
Federal Funds Purchased	-	-
Federal Home Loan Bank advances and other borrowings	66,639	67,056
Subordinated Debentures	5,155	5,155
Total liabilities	$270,253	$261,917
EQUITY
Preferred stock (no par value; 1,000,000 shares authorized, non issued or outstanding)	-	-
Common stock (par value $0.01 per share; 9,000,000 shares authorized; 1,223,572 shares issued; 1,074,507 and 1,075,312 shares outstanding at Sept 30, 2009 and June 30, 2009, respectively)	12	12
Additional paid-in capital	4,589	4,564
Unallocated common stock held by ESOP	(9)	(18)
Treasury stock, at cost (149,065 and 148,260 shares at Sept 30, 2009 and June 30, 2009 respectively)	(5,056)	(5,034)
Retained earnings	29,583	28,850
Net accumulated other comprehensive income (loss)	1,308	(582)
Total equity	30,427	27,792
Total liabilities and equity	$300,680	$289,709