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 |