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Financial Reports

2020 Statement of Condition

Bath Savings Institution & Subsidiary | December 31, 2020 and 2019
2020 2019
Assets
Cash & Balances Due from Banks $50,424,044 $14,711,065
Investment Securities 378,887,006 244,424,168
Loans 643,872,636 639,558,750
Allowance for Loan & Lease Losses (8,825,000) (7,560,000)
Net Loans 635,047,636 631,998,750
Bank Premises & Equipment 16,654,494 16,103,315
Other Assets 33,161,113 29,901,992
Total Assets $1,114,174,293 $937,139,290
Liabilities
Deposits
Checking Accounts $458,442,951 $350,747,990
Time Deposits 133,837,525 166,190,793
Other Deposits 307,988,824 230,039,399
Total Deposits 900,269,300 746,978,182
Borrowed Funds* 36,715,752 35,942,400
Other Liabilities 13,653,744 11,549,687
Total Liabilities 950,638,796 794,470,269
Capital
General Reserves & Undivided Profits 163,007,347 144,839,376
Accumulated Other Comprehensive Income (Loss) 528,150 (2,170,355)
Total Capital 163,535,497 142,669,021
Total Liabilities & Reserves 1,114,174,293 $937,139,290
Memorandum: Letters of Credit Outstanding not included in the above figures $1,943,538 $2,653,214

* Federal Home Loan Bank advances