Annual Report

Statement of Condition
December 31, 2020

Assets ($000)
Cash and Due From Banks $65,507
Investment Securities $164,047
Real Estate Mortgage Loans $168,516
Other Loans $4,880
Premises and Fixed Assets $800
Other Assets $20,864
Total Assets $424,614

Liabilities & Net Worth Accounts ($000)
Money Market Management Accounts $7,484
Savings Deposits $129,305
Time Deposits $29,999
Checking Accounts, NOW Accounts, and Other Demand Deposits $125,355
Other Liabilities $15,065
Net Worth $117,406
Total Liabilities & Net Worth Accounts $424,614

Statement of Income & Changes in Net Worth
December 31, 2020

Current Operating Income ($000)
Interest on Mortgage and Other loans $7,768
Interest on Dividends on Securities $4,843
Other Interest and Dividends $468
Miscellaneous Income $5,344
Total Current Operating Income $18,423

Current Operating Expense ($000)
Salaries and Benefits $6,178
Occupancy Costs $1,095
Other Expenses $6,760
Total Current Operating Expense $14,033

Net Income for Period ($000)
Net Current Operating Income before Taxes and Interest $4,390
Franchise and Income Tax Expense (Benefit) $18
Interest Paid $329
Total Net Income for Period $4,043

Reconciliation of Net Worth
December 31, 2020

Net Worth ($000)
Net Worth as of 12/31/19 $111,153
Net Additions to Net Worth $4,043
Other Comprehensive Income $2,210
Total Net Worth $117,406