Statement of Condition
December 31, 2022
Assets |
($000) |
Cash and Due From Banks |
$41,014 |
Investment Securities |
$155,647 |
Real Estate Mortgage Loans |
$215,972 |
Other Loans |
$4,160 |
Premises and Fixed Assets |
$2,816 |
Other Assets |
$54,719 |
Total Assets |
$474,328 |
Liabilities & Net Worth Accounts |
($000) |
Money Market Management Accounts |
$6,243 |
Savings Deposits |
$148,354 |
Time Deposits |
$30,020 |
Checking Accounts, NOW Accounts, and Other Demand Deposits |
$134,292 |
Other Liabilities |
$52,220 |
Net Worth |
$103,199 |
Total Liabilities & Net Worth Accounts |
$474,328 |
Statement of Income & Changes in Net Worth
December 31, 2022
Current Operating Income |
($000) |
Interest on Mortgage and Other loans |
$8,278 |
Interest on Dividends on Securities |
$4,826 |
Other Interest and Dividends |
$703 |
Miscellaneous Income |
$(106) |
Total Current Operating Income |
$13,701 |
Current Operating Expense |
($000) |
Salaries and Benefits |
$6,716 |
Occupancy Costs |
$1,158 |
Other Expenses |
$3,005 |
Total Current Operating Expense |
$10,879 |
Net Income for Period |
($000) |
Net Current Operating Income before Taxes and Interest |
$2,822 |
Franchise and Income Tax Expense (Benefit) |
$5 |
Interest Paid |
$797 |
Total Net Income for Period |
$2,020 |
Reconciliation of Net Worth
December 31, 2022
Net Worth |
($000) |
Net Worth as of 12/31/21 |
$124,035 |
Net Additions to Net Worth |
$2,020 |
Other Comprehensive Income |
$(22,856) |
Total Net Worth as of 12/31/22 |
$103,199 |