Annual Report

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