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 |
