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Statement of Condition

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Statement of Condition

At the close of business - March 31, 2022
 ASSETS  
 Cash and non-interest bearing balances due from banks       $4,842,000
 Interest-bearing balances  $32,804,000
 Held-to-maturity securities  $0
 Available-for-sale securities  $141,414,000
 Federal funds sold  $0
 Total Cash Resources $179,060,000

 

Loans $84,233,000
     Less: Allowance for loan losses                         $1,632,000
     Loans: Net of allowance $82,601,000
Accrued income $952,000
Bank building, furniture & parking lot $9,435,000
Other assets $9,341,000
Other real estate $0
Total Assets $281,389,000

 

LIABILITIES
Deposits                                                             $262,581,000
     Noninterest-bearing  $76,596,000
     Interest-bearing $185,985,000
Federal Funds Purchased $0
Other liabilities $271,000
 Total Liabilities   $262,852,000

 

EQUITY CAPITAL
Common stock                                                                  $400,000
Surplus  $400,000
Undivided profit  $25,745,000
     Net unrealized gains (losses) on available-for-sale securities ($8,008,000)
   Total Equity Capital   $18,537,000
   Total Liabilities & Equity Capital  
$281,389,000