Statement of Condition
Assets
| Cash and Balances Due From Banks | $4,503,395 |
| Securities | $34,225,371 |
| Federal Funds Sold | $240,000 |
| Net Loans & Leases | $210,862,712 |
| Premises & Fixed Assets | $715,419 |
| Other Real Estate Owned | $0 |
| Other Assets | $2,486,984 |
| TOTAL | $253,033,881 |
Liabilities
| Deposits | $210,287,900 |
| Borrowed Funds | $21,177,604 |
| Other Liabilities | $1,696,876 |
| TOTAL | $233,162,380 |
Capital
| Common Stock | $200,000 |
| Surplus | $18,000,000 |
| Retained Earnings | $4,395,160 |
| AOCI1 | -$2,723,659 |
| TOTAL | $19,871,501 |
| TOTAL LIABILITIES & CAPITAL | $253,033,881 |
Other Ratings & Resources
| Tier 1 Leverage Ratio | 8.947% |
| Independent BauerFinancial Rating2 | 4 / 5 |
For additional financial information, access our call report here.
Our Expertise
As of December 31, 2024
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/