Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Assets:    
Cash and due from banks $ 814,000 $ 884,000
Interest-bearing bank deposits 120,797,000 30,984,000
Cash and cash equivalents 121,611,000 31,868,000
Time deposits with other financial institutions 3,469,000 12,436,000
Securities available for sale 100,950,000 81,620,000
Federal Home Loan Bank stock 550,000 512,000
Loans held for sale 104,000 1,972,000
Loans, net of unearned income 97,313,000 99,325,000
Allowance for loan losses (779,000) (870,000)
Loans, net 96,534,000 98,455,000
Premises and equipment, net 5,087,000 5,213,000
Accrued interest receivable 641,000 672,000
Bank-owned life insurance (BOLI) 9,071,000 8,890,000
Other assets 2,852,000 581,000
Total assets 340,869,000 242,219,000
Deposits:    
Noninterest bearing 99,090,000 9,734,000
Interest-bearing    
Demand and NOW checking 17,931,000 16,364,000
Money market 45,414,000 50,143,000
Savings 50,312,000 42,251,000
Time deposits over $250,000 9,380,000 10,705,000
Other time deposits 63,494,000 57,207,000
Total deposits 285,621,000 186,404,000
Escrow deposits 1,442,000 1,519,000
Other borrowings 5,000,000 4,000,000
Accrued expenses and other liabilities 3,623,000 3,571,000
Total liabilities 295,686,000 195,494,000
Members' equity:    
Retained earnings 45,264,000 45,319,000
Accumulated other comprehensive income, net (81,000) 1,406,000
Total members' equity 45,183,000 46,725,000
Total liabilities and members' equity $ 340,869,000 $ 242,219,000