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Statement of Condition

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Statement of Condition

At the close of business - December 31, 2020
 ASSETS  
 Cash and non-interest bearing balances due from banks       $5,530,000
 Interest-bearing balances  $39,494,000
 Held-to-maturity securities  $0
 Available-for-sale securities  $94,648,000
 Federal funds sold  $0
 Total Cash Resources $139,672,000

 

Loans $89,960,000
     Less: Allowance for loan losses                         $1,709,000
     Loans: Net of allowance $88,251,000
Accrued income $599,000
Bank building, furniture & parking lot $9,726,000
Other assets $8,756,000
Other real estate $453,000
Total Assets $247,457,000

 

LIABILITIES
Deposits                                                             $216,499,000
     Noninterest-bearing  $69,923,000
     Interest-bearing $146,576,000
Federal Funds Purchased $0
Other liabilities $196,000
 Total Liabilities   $216,695,000

 

EQUITY CAPITAL
Common stock                                                                  $400,000
Surplus  $400,000
Undivided profit  $25,244,000
     Net unrealized gains (losses) on available-for-sale securities $4,718,000
   Total Equity Capital   $30,762,000
   Total Liabilities & Equity Capital  
$247,457,000