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Statement of Condition

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Statement of Condition

At the close of business - March 31, 2021
 ASSETS  
 Cash and non-interest bearing balances due from banks       $4,660,000
 Interest-bearing balances  $27,986,000
 Held-to-maturity securities  $0
 Available-for-sale securities  $116,995,000
 Federal funds sold  $0
 Total Cash Resources $149,641,000

 

Loans $88,458,000
     Less: Allowance for loan losses                         $1,723,000
     Loans: Net of allowance $86,735,000
Accrued income $849,000
Bank building, furniture & parking lot $9,634,000
Other assets $8,815,000
Other real estate $463,000
Total Assets $256,137,000

 

LIABILITIES
Deposits                                                             $227,554,000
     Noninterest-bearing  $72,591,000
     Interest-bearing $154,963,000
Federal Funds Purchased $0
Other liabilities $250,000
 Total Liabilities   $227,804,000

 

EQUITY CAPITAL
Common stock                                                                  $400,000
Surplus  $400,000
Undivided profit  $25,363,000
     Net unrealized gains (losses) on available-for-sale securities $2,170,000
   Total Equity Capital   $28,333,000
   Total Liabilities & Equity Capital  
$256,137,000