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Financial Reports

2019 Statement of Condition

Bath Savings Institution & Subsidiary | December 31, 2019 and 2018
2019 2018
Assets
Cash & Balances Due from Banks $14,711,065 $16,425,991
Investment Securities 244,424,168 244,476,751
Loans 639,558,750 624,904,862
Allowance for Loan & Lease Losses (7,560,000) (7,200,000)
Net Loans 631,998,750 617,704,862
Bank Premises & Equipment 16,103,315 15,871,089
Other Assets 29,901,992 25,815,154
Total Assets $937,139,290 $920,293,847
Liabilities
Deposits
Checking Accounts $350,747,990 $335,301,637
Time Deposits 166,190,793 203,203,557
Other Deposits 230,039,399 212,518,627
Total Deposits 746,978,182 751,023,821
Borrowed Funds* 35,942,400 38,299,193
Other Liabilities 11,549,687 7,953,804
Total Liabilities 794,470,269 797,276,818
Capital
General Reserves & Undivided Profits 144,839,376 118,524,351
Accumulated Other Comprehensive Income (2,170,355) 4,492,678
Total Capital 142,669,021 123,017,029
Total Liabilities & Reserves $937,139,290 $920,293,847
Memorandum: Letters of Credit Outstanding not included in the above figures $2,653,214 $3,264,407

* Federal Home Loan Bank advances