Statement of Condition

December 31, 2024

Assets

       
Cash & Due from Banks   $14,343,330  
US Treasury Bonds $44,180,790    
US Agency Bonds $15,996,938    
Mortgage Backed Securities $70,785,454    
Municipal Bonds $147,361,300    
Other Bonds & CDs $18,938,968    
Total Bonds   $297,263,450  
Unrealized loss on Bonds   ($28,899,385)  
Fed Funds Sold   $24,367,000  
Loans $468,673,135    
Less Loan Loss Reserve ($4,659,033) $464,014,102  
Bank buildings & other property   $9,025,738  
Interest Receivable   $7,403,094  
Other Assets   $792,210  
       
Total Assets   $788,309,539  
     



Liabilities & Capital

       
Demand Deposits $362,181,229    
Time & Savings Deposits $292,428,244    
Total Deposits   $654,609,473  
       
Fed Home Loan Bank Borrowing   $83,250,000  
Interest & Other Payables   $4,264,976  
Other Liabilities   $1,374,425  
Capital Stock $203,500    
Surplus $50,246,500    
Undivided Profits $23,184,741    
Total Capital Accounts   $73,634,741  
       
Deferred tax refund   $75,309  
Unrealized Loss on AFS Bonds   ($28,899,385)  
       
Total Liabilities & Capital   $788,309,539