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  • Alert: We will accept applications for the SBA Paycheck Protection Program (PPP) from anyone with a business located in Lake or Mendocino County regardless of whether or not you are an existing Savings Bank customer. New customers will be required to open a checking account with Savings Bank. For a list of requirements click on the Financial Wellness tab below and select SBA Paycheck Protection Program (PPP).
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Consolidated Statement of Condition

(unaudited, in thousands)

Assets

Assets chart for Savings Bank Consolidated Statement of Condition
Asset Type MARCH  31, 2020 December 31, 2019
Cash and Due from Banks $ 14,762 $ 13,232
Interest-Bearing Balances Due    
From Depository Institutions 37,281 19,430
     
Investment Securities 489,605 502,580
     
Loans 549,298 531,196
Less: Allowance for Loan Losses (11,603) (11,653)
Net Loans 537,695 519,543
     
Premises and Equipment 10,566 10,270
Other Assets 34,399 39,064
TOTAL ASSETS $ 1,124,298 $ 1,104,119

Liabilities and Shareholders’ Equity

Liabilities and Shareholders’ Equity chart for Savings Bank Consolidated Statement of Condition
Liabilities and Shareholder's Equity Type MARCH 31, 2020 December 31, 2019
Non-Interest Bearing Deposits $ 278,548 $ 263,984
Interest-Bearing Deposits 647,463 645,752
Total Deposits 926,011 909,736
     
Other Liabilities 4,504 5,104
     
TOTAL LIABILITIES 930,515 914,840
     
Common Stock 2,967 2,967
Additional Paid in Capital 4,524 4,524
Retained Earnings, Net 186,292 181,788
TOTAL SHAREHOLDERS' EQUITY 193,783 189,279
TOTAL LIABILITIES AND EQUITY $ 1,124,298 $ 1,104,119