Annual Report

Statement of Condition
December 31, 2021

Assets ($000)
Cash and Due From Banks $46,276
Investment Securities $180,927
Real Estate Mortgage Loans $173,536
Other Loans $4,531
Premises and Fixed Assets $627
Other Assets $50,174
Total Assets $456,071

Liabilities & Net Worth Accounts ($000)
Money Market Management Accounts $6,371
Savings Deposits $145,372
Time Deposits $30,694
Checking Accounts, NOW Accounts, and Other Demand Deposits $133,991
Other Liabilities $15,608
Net Worth $124,035
Total Liabilities & Net Worth Accounts $456,071

Statement of Income & Changes in Net Worth
December 31, 2021

Current Operating Income ($000)
Interest on Mortgage and Other loans $7,697
Interest on Dividends on Securities $4,802
Other Interest and Dividends $242
Miscellaneous Income $8,119
Total Current Operating Income $20,860

Current Operating Expense ($000)
Salaries and Benefits $6,004
Occupancy Costs $1,068
Other Expenses $5,376
Total Current Operating Expense $12,448

Net Income for Period ($000)
Net Current Operating Income before Taxes and Interest $8,412
Franchise and Income Tax Expense (Benefit) $158
Interest Paid $225
Total Net Income for Period $8,029

Reconciliation of Net Worth
December 31, 2021

Net Worth ($000)
Net Worth as of 12/31/20 $117,406
Net Additions to Net Worth $8,029
Other Comprehensive Income ($1,400)
Total Net Worth $124,035