48  CONSOLIDATED STATEMENT OF CONDITION AND KEY RATIOS
Rural and Cooperative Banking System
as of end of periods indicated
in billion pesos
Selected Accounts					Mar-11
	Asset Accounts				181.662
	Cash and Due from Banks				36.954
	Financial Assets, Excl of  Equity Investments in Subs., Assoc. and Joint Vent (Net of Amortization)				11.029
		Financial Assets Held for Trading (HFT)			0.000
		Financial Assets Designated at Fair Value through Profit or Loss - Debt Sect			0.000
		AFS Financial Assets, Net of Amortization			1.901
			AFS Debt Securities		1.881
			Unamortized Discount/Premium		0.000
			AFS-Debt Securities Net of Amortization		1.881
			AFS-Equity Securities		0.020
		Held-to-Maturity (HTM) Financial Assets			7.307
			Unamortized Discount/Premium		0.051
		HTM Financial Assets - Net of Amortization			7.358
		Unquoted Debt Securities Classified as Loans			1.508
			Unamortized Discount/Premium		0.003
		Unquoted Debt Securities Classified as Loans -Net of Amortization			1.511
		Investment in Non-Markeatable Equity Securities (INMES)			0.258
	Accumulated Market Gain (Losses) -Financial Assets				0.002
	Allowance for Credit Losses-Financial Assets				0.472
		Allowance for Credit Losses-AFS			0.000
		Allowance for Credit Losses-HTM			0.059
		Allowance for Credit Losses-Unquoted Debt Securities Classified as Loans			0.392
		Allowance for Credit Losses- INMES			0.022
	Financial Assets -Net of Allowance for Credit Losses				10.559
	Equity Investments In Subsidiaries, Assoc. & Joint Vent.				0.082
	Allowance for Credit Losses-Equity Investment in Subsidiaries, Assoc. and Joint Vent				0.008
	Equity Investments In Subsidiaries, Assoc. & Joint Vent.(Net of Allow. For Credit Losses)				0.074
	Total Loan Portfolio, gross (net of amortization)				117.661
		Loans and Receivables, gross (net of amortization)			117.657
		Loans to Bangko Sentral ng Pilipinas			0.000
		Interbank Loans Receivable			0.000
		Loans and Receivables -Others			118.537
			Unamortized Discount and Other Deferred Credits		0.879
		Loans and Receivables - Others - Net of Amortization			117.657
		Loans and Receivables Arising from Repurchase Agreements, Certificates of Assignment/Participation with Recourse, and Securities Lending and Borrowing Transactions			0.003
	Allowance for Credit Losses-Loans				6.819
		Allowance for Credit Losses-Interbank Loans Receivable			0.000
		Allowance for Credit Losses-Loans and Receivables -Other			5.651
		Allowance for Credit Losses-LRARA			0.000
		General Loan Loss Provision (GLLP)			1.168
	Total Loan Portfolio, Net of Allowance for Credit Losses				110.842
	Total ROPA				9.634
		Sales Contract Receivable			1.186
		Non-Current Assets Held for Sale			0.036
		Real and Other Properties Acquired			8.412
	Accumulated Depreciation				0.204
	Unamortized Discount and Other Deferred Credits				0.063
	Allowance for Losses - ROPA				0.478
		Allowance for Credit Losses- Sales Contract Receivable			0.016
		Allowance for Losses -Real and Other Properties Acquired			0.461
		Allowance for Credit Losses -Non Current Assets held for Sale			0.000
	ROPA, Net of Allowance for Losses				8.889
	Total Other Assets, Net				14.344
		Derivatives with Positive Fair Value Held for Hedging			0.000
		Revaluation of Hedged Assets in Portfolio Hedge of Interest Rate Risk			0.000
		Goodwill			0.030
			Allowance for Losses		0.000
		Goodwill - Net			0.030
		Accrued Interest Income from Financial Assets			2.577
			Allowance for Credit Losses		0.218
		Accrued Interest Income from Financial Assets, net			2.359
		Bank Premises, Furniture, Fixture and Equipment			12.154
			Accumulated Depreciation		5.601
			Allowance for Losses		0.004
		Bank Premises, Furniture, Fixture and Equipment - Net			6.549
		Other Intangible Assets			0.259
			Accumulated Amortization		0.039
			Allowance for Losses		0.027
		Other Intangible Assets, net			0.194
		Deferred Tax Asset			0.792
		Due from FCDU/RBU			0.000
		Other Assets			5.003
			Allowance for Losses		0.584
		Other Assets - Net			4.419
	LIABILITIES AND CAPITAL				181.662
	Liability Accounts				150.314
	Financial Liabilities Held for Trading				0.000
	Financial Liabilities Designated at Fair Value through Profit or Loss				0.000
	Deposit Liabilities				123.483
		Peso			123.419
		Demand & NOW			3.640
		Savings Deposits			79.792
		Time Certificate of Deposits			39.841
		LTNCD			0.146
		Foreign Currency			0.064
	Bills Payable				16.638
		Deposit Substitutes			0.000
		Others			16.638
	Special Financing				0.054
		Time Certificate of Deposits  - SF			0.005
		Special Time Deposits			0.048
	Unsecured Subordinated Debt				0.704
			Unamortized Debt Discount/Premium		(0.001)
	Unsecured Subordinated Debt - Net				0.702
	Redeemable Preferred Shares				0.341
	Total Other Liabilities				9.097
		Due to Other Banks			0.001
		Bonds Payable			0.000
			Unamortized Bond Discount/Premium		0.000
		Bonds Payable - Net			0.000
		Financial Liabilities Associated with Transferred Assets			0.000
		Derivatives with Negative Fair Value Held for Hedging			0.000
		Revaluation of Hedged Liabilities in Portfolio Hedge of Interest Rate Risk			0.000
		Accrued Interest Expense on Financial Liabilities			2.038
		Finance Lease Payment Payable			0.027
		Due to Treasurer of the Philippines			0.002
		Treasurer/Cashier/Manager's Checks			0.112
		Payment Orders Payable			0.001
		Margin Deposits on LCs and Customers' Liability on Bills/Drafts under LCs and/or TRs			0.000
		Cash Letters of Credit			0.000
		Outstanding Acceptances Executed by or for Account of this Bank			0.000
		Due to Bangko Sentral ng Pilipinas			0.002
		Due to Philippine Deposit Insurance Corporation			0.007
		Due to Philippine Crop Insurance Corporation			0.012
		Income Tax Payable			0.631
		Other Taxes and Licenses Payable			0.043
		Accrued Expenses			0.700
		Unearned Income			0.777
		Deferred Tax Liabilities			0.016
		Provisions			0.129
		Other Liabilities			4.599
		Due to Head Office/Branches/Agencies (Philippine branch of a foreign bank)			0.000
		Due to FCDU/RBU			0.000
	Capital Accounts				31.347
	Paid in Capital Stock				18.653
	Additional Paid-in Capital				0.822
	Other Equity Instruments				0.038
	Retained Earnings				10.085
	Stock Dividend Distributable				0.147
	Undivided Profits				1.470
	Other Comprehensive Income				(0.015)
	Appraisal Increment Reserve				0.149
	Treasury Stock				(0.001)
	Assigned Capital				0.000
	Net Due to HO/Br/Ag				0.000
	Key  Ratios
	Cash and Due from Banks to Deposits				29.93
	Liquid Assets to Deposits 1/				38.48
	Loans, gross to Deposits				95.29
	Capital Adequacy Ratio (CAR) 2/
			Solo Basis		18.60
			Consolidated Basis		18.60
	Total Capital Accounts to Total Assets 3/				17.44
	1/ Ratio of Liquid Assets (Cash and Due from Banks + Financial Assets, Net of Allowance for Credit Losses) to Total Deposits
	2/ Based on the framework under Circular No. 280 dated 29 March 2001 which was formally adopted on 1 July 2001.  Effective 1 July 2003, the CARs of Universal and Commercial Banks (U/KBs), are based on combined credit and market risks under Circular No. dated 3 December 2002. The capital adequacy framework, covering U/KBs and their subsidiary banks and quasi-banks, was revised under Circular  No. 538 dated 2 June 2006 and was formally adopted on 1 July 2007.  The CAR computation for Thrift Banks, Rural and Cooperative Banks and Quasi-Banks that are not subsidiaries of U/KBs continue to be governed by Circular No. 280 and Circular No. 400 dated 1 September 2003.
	3/ Ratio of  Total Capital Accounts ( for ratio analysis  consists of Total Capital Accounts + Redeemable Preferred Shares) to Total Assets
	Note: Details may not add up to totals due to rounding-off
	Source : Supervisory Data Center, Supervision and Examination Sector
	Updated as of 21 November 2011