Skip to main content

Financial Reports

2017 Statement of Condition

Bath Savings Institution & Subsidiary | December 31, 2017 and 2016
2017 2016
Assets
Cash & Balances Due from Banks $11,906,431 $11,317,851
Investment Securities 230,231,769 244,599,243
Loans 602,084,611 564,430,272
Allowance for Loan & Lease Losses (6,840,000) (6,450,000)
Net Loans 595,244,611 557,980,272
Bank Premises & Equipment 14,851,584 13,840,297
Other Assets 23,289,510 16,551,945
Total Assets $875,523,905 $844,289,608
Liabilities
Deposits
NOW & Demand Deposit Accounts $305,419,177 $300,400,635
Time Deposits 190,347,685 182,510,588
Other Deposits 210,240,958 198,579,548
Total Deposits 706,007,820 681,490,771
Borrowed Funds* 48,767,180 54,608,658
Other Liabilities 7,820,313 8,336,679
Total Liabilities 762,595,313 744,436,108
Reserves & Undivided Profits
General Reserves 4,978,748 4,978,748
Undivided Profits 103,150,497 92,569,850
Accumulated Other Comprehensive Income 4,799,347 2,304,902
Total Reserves & Undivided Profits 112,928,592 99,853,500
Total Liabilities & Reserves $875,523,905 $844,289,608
Memorandum: Letters of Credit Outstanding not included in the above figures $2,684,213 $3,235,868

* Federal Home Loan Bank advances