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Financial Reports

2018 Statement of Condition

Bath Savings Institution & Subsidiary | December 31, 2018 and 2017
2018 2017
Assets
Cash & Balances Due from Banks $16,425,991 $11,906,431
Investment Securities Federal Funds Sold 244,476,751 230,231,769
Loans 624,904,862 602,084,611
Allowance for Loan & Lease Losses (7,200,000) (6,840,000)
Net Loans 617,704,862 595,244,611
Bank Premises & Equipment 15,871,089 14,851,584
Other Assets 25,815,154 23,289,510
Total Assets $920,293,847 $875,523,905
Liabilities
Deposits
NOW & Demand Deposit Accounts $335,301,637 $305,419,177
Time Deposits 203,203,557 190,347,685
Other Deposits 212,518,627 210,240,958
Total Deposits 751,023,821 706,007,820
Borrowed Funds* 38,299,193 48,767,180
Other Liabilities 7,953,804 7,820,313
Total Liabilities 797,276,818 762,595,313
Capital
General Reserves & Undivided Profits 118,524,351 108,129,245
Accumulated Other Comprehensive Income 4,492,678 4,799,347
Total Capital 123,017,029 112,928,592
Total Liabilities & Reserves $920,293,847 $875,523,905
Memorandum: Letters of Credit Outstanding not included in the above figures $3,264,407 $2,684,213

* Federal Home Loan Bank advances