Chelsea State Bank Condensed Statement of Condition as of March 31, 2023
ASSETS |
Cash, Due from Banks, and Certificates of Deposit |
$81,646,508 |
Federal Funds Sold |
$514,266 |
Securities |
$111,958,180 |
Loans |
$224,171,274 |
Less Reserve for Loan Losses |
$(3,918,116) |
Net Loans |
$220,253,158 |
Bank Premises & Fixtures |
$2,786,260 |
Accrued Interest Receivable and Other Assets |
$14,086,634 |
TOTAL ASSETS |
$431,245,006 |
LIABILITIES |
Demand Deposits |
$221,291,690 |
Savings, Money Market, and Time Deposits |
$170,309,860 |
Federal Funds Purchased |
0 |
FHLB Advances |
0 |
Accrued Expenses and Other Payables |
$2,729,966 |
TOTAL LIABILITIES |
$394,331,516 |
STOCKHOLDERS EQUITY |
Common Stock |
$3,200,000 |
Surplus |
$16,800,000 |
Undivided Profits and Other Gains |
$16,913,490 |
TOTAL STOCKHOLDERS EQUITY |
$36,913,490 |
TOTAL LIABILITIES and STOCKHOLDERS EQUITY |
$431,245,006 |