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 |
