Chelsea State Bank Condensed Statement of Condition as of December 31, 2023
ASSETS |
Cash, Due from Banks, and Certificates of Deposit |
$39,895,572 |
Federal Funds Sold |
$366,000 |
Securities |
$104,915,321 |
Loans |
$244,723,515 |
Less Reserve for Loan Losses |
$(4,240,116) |
Net Loans |
$240,483,399 |
Bank Premises & Fixtures |
$3,290,271 |
Accrued Interest Receivable and Other Assets |
$14,696,267 |
TOTAL ASSETS |
$403,646,830 |
LIABILITIES |
Demand Deposits |
$192,990,852 |
Savings, Money Market, and Time Deposits |
$168,773,934 |
Federal Funds Purchased |
$0 |
FHLB Advances |
$0 |
Accrued Expenses and Other Payables |
$2,407,969 |
TOTAL LIABILITIES |
$364,172,755 |
STOCKHOLDERS EQUITY |
Common Stock |
$3,200,000 |
Surplus |
$16,800,000 |
Undivided Profits and Other Gains |
$19,474,075 |
TOTAL STOCKHOLDERS EQUITY |
$39,474,075 |
TOTAL LIABILITIES and STOCKHOLDERS EQUITY |
$403,646,830 |