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Statement of Condition

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Statement of Condition

At the close of business - June 30, 2023
 ASSETS  
 Cash and non-interest bearing balances due from banks       $3,233,000
 Interest-bearing balances  $2,235,000
 Held-to-maturity securities  $0
 Available-for-sale securities  $135,373,000
 Federal funds sold  $0
 Total Cash Resources $140,841,000

 

Loans $114,847,000
     Less: Allowance for loan losses                         $1,696,000
     Loans: Net of allowance $113,151,000
Accrued income $1,336,000
Bank building, furniture & parking lot $9,149,000
Other assets $10,082,000
Other real estate $70,000
Total Assets $274,629,000

 

LIABILITIES
Deposits                                                             $245,602,000
     Noninterest-bearing  $75,976,000
     Interest-bearing $169,626,000
Federal Funds Purchased $0
Other liabilities $20,132,000
 Total Liabilities   $265,734,000

 

EQUITY CAPITAL
Common stock                                                                  $400,000
Surplus  $400,000
Undivided profit  $27,090,000
     Net unrealized gains (losses) on available-for-sale securities ($18,995,000)
   Total Equity Capital   $8,895,000
   Total Liabilities & Equity Capital  
$274,629,000