fbpx

Statement of Condition

Click to download a PDF version of the Statement of Condition

Statement of Condition

At the close of business - December 31, 2023
 ASSETS  
 Cash and non-interest bearing balances due from banks       $4,195,000
 Interest-bearing balances  $4,612,000
 Held-to-maturity securities  $0
 Available-for-sale securities  $134,262,000
 Federal funds sold  $0
 Total Cash Resources $143,069,000

 

Loans $130,922,000
     Less: Allowance for loan losses                         $1,885,000
     Loans: Net of allowance $129,037,000
Accrued income $1,413,000
Bank building, furniture & parking lot $9,086,000
Other assets $11,631,000
Other real estate $70,000
Total Assets $294,306,000

 

LIABILITIES
Deposits                                                             $237,691,000
     Noninterest-bearing  $76,840,000
     Interest-bearing $160,851,000
Federal Funds Purchased $0
Other liabilities $45,379,000
 Total Liabilities   $283,070,000

 

EQUITY CAPITAL
Common stock                                                                  $400,000
Surplus  $400,000
Undivided profit  $27,105,000
     Net unrealized gains (losses) on available-for-sale securities ($16,669,000)
   Total Equity Capital   $11,236,000
   Total Liabilities & Equity Capital  
$294,306,000