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Statement of Condition

(in thousands) as of June 30

ASSETS: 2008   2007   2006   2005   2004
                   
Cash & Due from Banks $7,082   $3,878   $3,588   $3,647   $3,597
Securities $183,962   $175,248   $150,288   $144,103   $126,963
Gross Loans $136,384   $116,696   $128,881   $105,039   $104,411
Less Reserves for Loan Losses ($1,650)   ($1,674)   ($1,750)   ($1,689)   ($1,564)
Federal Funds Sold $0   $2,944   $1,617   $0   $0
Bank Building, Furniture/Fixtures $1,174   $1,216   $1,420   $1,656   $1,177
Other Assets $9,914   $9,730   $9,022   $8,334   $7,492
             
Total Assets $336,866   $308,039   $293,066   $261,090   $242,076
                   
LIABILITIES and EQUITY:                  
                   
Deposits $173,783   $180,489   $176,454   $156,410   $147,406
Purchased Funds $128,966   $96,500   $86,963   $71,811   $67,888
Other Liabilities $2,523   $2,064   $342   $1,843   $806
                 
Total Liabilities $305,272   $279,052   $263,759   $230,064   $216,100
                 
Common Stock $1,200   $1,200   $1,200   $1,200   $1,200
Surplus $5,000   $5,000   $5,000   $5,000   $5,000
Undivided Profits $26,166   $25,246   $23,774   $21,343   $18,422
Unrealized Gain(Loss) on Securites ($3,303)   ($4,582)   ($2,746)   $1,271   ($914)
Current Year Profits $2,531   $2,123   $2,079   $2,212   $2,268
                 
Total Equity $31,594   $28,987   $29,307   $31,026   $25,976
                 
TOTAL LIABILITIES & EQUITY $336,866   $308,039   $293,066   $261,090   $242,076

 

 

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River Falls (715) 426-6600 • Durand (715) 672-4237 • Toll Free (888) 254-0615

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