Skip Navigation Skip Navigation Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view,download Adobe® Acrobat Reader.

Consolidated Statement of Condition

(unaudited, in thousands)

Assets

Assets for Savings Bank Consolidated Statement of Condition
Asset Type DECEMBER 31,
2023
December 31, 
2022
Cash and Due from Banks $ 10,257 $ 9,698
Interest-Bearing Balances Due    
From Depository Institutions 1,204 797
Investment Securities 503,872 544,645
Loans 702,254 689,456
Less: Allowance for Loan Losses (18,559) (14,974)
Net Loans 683,695 674,482
Premises and Equipment 13,531 11,928
Other Assets 84,999 89,232
TOTAL ASSETS $1,297,558 $ 1,330,782

Liabilities and Shareholders’ Equity

Liabilities and Shareholders’ Equity chart for Savings Bank Consolidated Statement of Condition
Liabilities and Shareholder's Equity Type DECEMBER  31,
2023
December 31,
2022
Non-Interest Bearing Deposits $ 346,786 $ 382,837
Interest-Bearing Deposits 706,362 760,311
Total Deposits 1,053,148 1,143,148
Other Borrowed Funds 82,000 44,600
Other Liabilities 6,459 5,362
TOTAL LIABILITIES 1,141,607 1,193,110
Common Stock 2,967 2,967
Additional Paid in Capital 4,524 4,524
Retained Earnings, Net 148,460 130,181
TOTAL SHAREHOLDERS' EQUITY 155,951 137,672
TOTAL LIABILITIES AND EQUITY $ 1,297,558 $ 1,330,782