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Statement of Condition

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Statement of Condition

At the close of business - March 31, 2024
 ASSETS  
 Cash and non-interest bearing balances due from banks       $3,989,000
 Interest-bearing balances  $3,370,000
 Held-to-maturity securities  $0
 Available-for-sale securities  $100,095,000
 Federal funds sold  $0
 Total Cash Resources $107,454,000

 

Loans $136,287,000
     Less: Allowance for loan losses                         $1,912,000
     Loans: Net of allowance $134,375,000
Accrued income $1,111,000
Bank building, furniture & parking lot $9,076,000
Other assets $11,048,000
Other real estate $70,000
Total Assets $263,134,000

 

LIABILITIES
Deposits                                                             $230,144,000
     Noninterest-bearing  $71,142,000
     Interest-bearing $159,002,000
Federal Funds Purchased $0
Other liabilities $22,876,000
 Total Liabilities   $253,020,000

 

EQUITY CAPITAL
Common stock                                                                  $400,000
Surplus  $400,000
Undivided profit  $24,891,000
     Net unrealized gains (losses) on available-for-sale securities ($15,577,000)
   Total Equity Capital   $10,114,000
   Total Liabilities & Equity Capital  
$263,134,000