Statement of Condition

December 31, 2022

Assets

Cash and Balances Due From Banks $10,511,740
Securities $34,459,337
Net Loans & Leases $159,646,052
Premises & Fixed Assets $495,067
Other Real Estate Owned $0
Other Assets $794,983
TOTAL $205,907,179

 

Liabilities

Deposits $180,567,222
Borrowed Funds $9,800,000
Other Liabilities $819,365
TOTAL $191,186,587

Capital

Common Stock $200,000
Surplus $15,000,000
Retained Earnings $3,787,696
AOCI1 -$4,267,104
TOTAL $14,720,592
TOTAL LIABILITIES & CAPTIAL $205,907,179

Other Ratings & Resources

December 31, 2022

Tier 1 Leverage Ratio 9.7165%
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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