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Statement of Condition

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Statement of Condition

At the close of business - September 30, 2020
 ASSETS  
 Cash and non-interest bearing balances due from banks       $4,628,000
 Interest-bearing balances  $36,005,000
 Held-to-maturity securities  $0
 Available-for-sale securities  $86,235,000
 Federal funds sold  $0
 Total Cash Resources $126,868,000

 

Loans $96,264,000
     Less: Allowance for loan losses                         $1,694,000
     Loans: Net of allowance $94,570,000
Accrued income $853,000
Bank building, furniture & parking lot $9,817,000
Other assets $8,677,000
Other real estate $497,000
Total Assets $241,282,000

 

LIABILITIES
Deposits                                                             $210,071,000
     Noninterest-bearing  $69,688,000
     Interest-bearing $140,383,000
Federal Funds Purchased $0
Other liabilities $207,000
 Total Liabilities   $210,278,000

 

EQUITY CAPITAL
Common stock                                                                  $400,000
Surplus  $400,000
Undivided profit  $25,182,000
     Net unrealized gains (losses) on available-for-sale securities $5,022,000
   Total Equity Capital   $31,004,000
   Total Liabilities & Equity Capital  
$241,282,000