Statement of Condition
December 31, 2024
| Assets |
($000) |
| Cash and Due From Banks |
$24,011 |
| Investment Securities |
$147,394 |
| Real Estate Mortgage Loans |
$241,201 |
| Other Loans |
$3,970 |
| Premises and Fixed Assets |
$3,374 |
| Other Assets |
$58,022 |
| Total Assets |
$477,972 |
| Liabilities & Net Worth Accounts |
($000) |
| Money Market Management Accounts |
$5,054 |
| Savings Deposits |
$127,683 |
| Time Deposits |
$26,673 |
| Checking Accounts, NOW Accounts, and Other Demand Deposits |
$134,834 |
| Other Liabilities |
$59,186 |
| Net Worth |
$124,542 |
| Total Liabilities & Net Worth Accounts |
$477,972 |
Statement of Income & Changes in Net Worth
December 31, 2024
| Current Operating Income |
($000) |
| Interest on Mortgage and Other loans |
$12,009 |
| Interest on Dividends on Securities |
$4,816 |
| Other Interest and Dividends |
$566 |
| Miscellaneous Income |
$8,998 |
| Total Current Operating Income |
$26,389 |
| Current Operating Expense |
($000) |
| Salaries and Benefits |
$6,439 |
| Occupancy Costs |
$1,376 |
| Other Expenses |
$7,164 |
| Total Current Operating Expense |
$14,979 |
| Net Income for Period |
($000) |
| Net Current Operating Income before Taxes and Interest |
$11,410 |
| Franchise and Income Tax Expense (Benefit) |
$553 |
| Interest Paid |
$1,945 |
| Total Net Income for Period |
$8,912 |
Reconciliation of Net Worth
December 31, 2024
| Net Worth |
($000) |
| Net Worth as of 12/31/22 |
$114.821 |
| Net Additions to Net Worth |
$8,912 |
| Other Comprehensive Income |
$809 |
| Total Net Worth as of 12/31/24 |
$124,542 |
