Statement of Condition
December 31, 2023
| ASSETS | |
| Cash and balances due from depository institutions | $71,942,000 |
| Held-to-maturity securities | 0 |
| Available-for-sale securities | 124,562,000 |
| Federal funds sold | 0 |
| Loans | 619,267,000 |
| Allowance for loan losses | (10,602,000) |
| Other assets | 36,824,000 |
| Total assets | $841,993,000 |
| LIABILITIES AND EQUITY CAPITAL |
|
| Deposits: | $723,660,000 |
| Noninterest bearing: | 190,696,000 |
| Interest-bearing: | 532,694,000 |
| Federal funds purchased | 0 |
| Securities sold under agreement to repurchase | 0 |
| FHLB borrowings | 25,000,000 |
| Other liabilities | 7,163,000 |
| Total liabilities | $755,823,000 |
| Common stock | 100,000 |
| Surplus | 1,784,000 |
| Undivided profits | 86,501,000 |
| Net unrealized holding gains (losses) on available-for-sale securities | (2,215,000) |
| Total equity capital | $86,170,000 |
| Total liabilities and equity capital | $841,993,000 |