Statement of Condition

December 31, 2023

Assets

Cash and Balances Due From Banks $15,960,414
Securities $37,348,168
Net Loans & Leases $180,175,291
Premises & Fixed Assets $865,474
Other Real Estate Owned $0
Other Assets $1,239,239
TOTAL $235,588,586

 

Liabilities

Deposits $197,026,032
Borrowed Funds $18,800,000
Other Liabilities $1,523,010
TOTAL $217,349,042

Capital

Common Stock $200,000
Surplus $18,000,000
Retained Earnings $3,450,422
AOCI1 -$3,410,878
TOTAL $18,239,544
TOTAL LIABILITIES & CAPTIAL $235,588,586

Other Ratings & Resources

December 31, 2023

Tier 1 Leverage Ratio 9.629%
Independent BauerFinancial Rating2 5 / 5

 

For additional financial information, access our call report here.

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All of Drake Bank’s government securities are held available for sale and marked to market monthly
1 Accumulated Other Comprehensive Income (AOCI) represents designated unrealized profits or losses on items that are placed in the other comprehensive income category
2 Drake Bank BauerFinancial Rating https://drake-bank.com/drake-bank-awarded-5-star-trusted-community-bank-by-bauerfinancial/

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