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 |