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.
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/