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Statement of Condition

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Statement of Condition

At the close of business - December 31, 2022
 ASSETS  
 Cash and non-interest bearing balances due from banks       $4,936,000
 Interest-bearing balances  $7,357,000
 Held-to-maturity securities  $0
 Available-for-sale securities  $139,895,000
 Federal funds sold  $0
 Total Cash Resources $152,188,000

 

Loans $99,275,000
     Less: Allowance for loan losses                         $1,667,000
     Loans: Net of allowance $97,608,000
Accrued income $1,277,000
Bank building, furniture & parking lot $9,261,000
Other assets $9,877,000
Other real estate $0
Total Assets $270,211,000

 

LIABILITIES
Deposits                                                             $262,044,000
     Noninterest-bearing  $78,224,000
     Interest-bearing $183,820,000
Federal Funds Purchased $0
Other liabilities $203,000
 Total Liabilities   $262,247,000

 

EQUITY CAPITAL
Common stock                                                                  $400,000
Surplus  $400,000
Undivided profit  $26,502,000
     Net unrealized gains (losses) on available-for-sale securities ($19,338,000)
   Total Equity Capital   $7,964,000
   Total Liabilities & Equity Capital  
$270,211,000