Statement of Condition
December 31, 2023
| Assets |
($000) |
| Cash and Due From Banks |
$21,561 |
| Investment Securities |
$150,364 |
| Real Estate Mortgage Loans |
$228,434 |
| Other Loans |
$4,280 |
| Premises and Fixed Assets |
$3,333 |
| Other Assets |
$54,376 |
| Total Assets |
$462,348 |
| Liabilities & Net Worth Accounts |
($000) |
| Money Market Management Accounts |
$5,781 |
| Savings Deposits |
$133,765 |
| Time Deposits |
$22,732 |
| Checking Accounts, NOW Accounts, and Other Demand Deposits |
$134,152 |
| Other Liabilities |
$51,097 |
| Net Worth |
$114,821 |
| Total Liabilities & Net Worth Accounts |
$462,348 |
Statement of Income & Changes in Net Worth
December 31, 2023
| Current Operating Income |
($000) |
| Interest on Mortgage and Other loans |
$10,509 |
| Interest on Dividends on Securities |
$4,926 |
| Other Interest and Dividends |
$1,542 |
| Miscellaneous Income |
$7,287 |
| Total Current Operating Income |
$24,264 |
| Current Operating Expense |
($000) |
| Salaries and Benefits |
$7,232 |
| Occupancy Costs |
$1,292 |
| Other Expenses |
$6,390 |
| Total Current Operating Expense |
$14,914 |
| Net Income for Period |
($000) |
| Net Current Operating Income before Taxes and Interest |
$9,350 |
| Franchise and Income Tax Expense (Benefit) |
$475 |
| Interest Paid |
$1,901 |
| Total Net Income for Period |
$6,974 |
Reconciliation of Net Worth
December 31, 2023
| Net Worth |
($000) |
| Net Worth as of 12/31/22 |
$103,199 |
| Net Additions to Net Worth |
$6,974 |
| Other Comprehensive Income |
$4,648 |
| Total Net Worth as of 12/31/23 |
$114,821 |
