| Balance Sheet for Paulson Capital Corp. (PLCC) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Due from Banks | 44 | 219 | 130 | 133 | 155 | | Fed. Funds Sold/Securities Purchased | - | - | - | - | - | | Interest-Bearing Dep at Other Banks | - | - | - | - | - | | Investment Securities, Net | 8,158 | 19,543 | 32,402 | 20,775 | 17,588 | | Net Loans | 1,564 | - | - | - | - | | Premise and Equipment | 196 | 272 | 266 | 239 | 208 | | Due from Customers Acceptance | - | - | - | - | - | | Trading Account Securities | 12,037 | 2,364 | 1,559 | 3,029 | 1,475 | | Other Receivables | 11,702 | 9,705 | 12,608 | 9,150 | 8,914 | | Accrued Interest | - | - | - | - | - | | Deferred Acquisition Cost | - | - | - | - | - | | Accrued Investment Income | - | - | - | - | - | | Separate Account Business | - | - | - | - | - | | Time Deposit Placed | - | - | - | - | - | | Intangible Assets | - | - | - | - | - | | Other Assets | 17,312 | 6,362 | 8,031 | 10,999 | 7,730 | | Total Assets | 51,013 | 38,464 | 54,995 | 44,325 | 36,070 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Non-Interest Bearing Deposits | - | - | - | - | - | | Interesting Bearing Deposits | - | - | - | - | - | | Short Term Debt | - | - | - | - | - | | Other Liabilities | 4,913 | 3,100 | 2,105 | 2,108 | 2,076 | | Bankers Acceptance Outstanding | - | - | - | - | - | | Fed. Funds Purchased/Securities Sold | 36 | 17 | 23 | 50 | 19 | | Accrued Taxes | 1,667 | - | - | - | - | | Accrued Interest Payables | - | - | - | - | - | | Other Payables | 5,704 | 571 | 13,102 | 8,597 | 4,380 | | Capital Lease Obligations | - | - | - | - | - | | Claims and Claim Expense | - | - | - | - | - | | Future Policy Benefits | - | - | - | - | - | | Unearned Premiums | - | - | - | - | - | | Policy Holder Funds | - | - | - | - | - | | Participating Policyholder Equity | - | - | - | - | - | | Separate Accounts Business | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Long Term Debt | - | - | - | - | - | | Total Liabilities | 12,320 | 3,688 | 15,230 | 10,755 | 6,475 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 38,693 | 34,776 | 39,765 | 33,570 | 29,595 | | Total Equities | 38,693 | 34,776 | 39,765 | 33,570 | 29,595 | | | Total Common Shares Outstanding | 6,037 | 6,179 | 6,188 | 6,381 | 6,250 | | Total Preferred shares Outstanding | - | - | - | - | - | | | |
