Customer Success
Financial Report
Passumpsic Bancorp, Inc. and Subsidiaries
Year Ended December 31, 2017
Consolidated Balance Sheets
Financial Report
Effective Date: Sunday, February 23, 2020
| Assets | 2018 | 2017 |
|---|---|---|
| Cash and due from banks | $27,776,200 | $35,122,426 |
| Investment securities | 59,908,429 | 61,863,317 |
| Loans net | 506,323,456 | 494,000,147 |
| Premises and fixed assets | 11,763,123 | 11,818,533 |
| Other assets | 44,762,631 | 40,697,687 |
| Total Assets | $650,533,839 | $643,502,110 |
| Liabilities | ||
| Deposits | $537,448,168 | $527,257,184 |
| Other borrowings | 24,016,686 | 26,868,583 |
| Accrued interest and other liabilities | 11,675,136 | 12,748,276 |
| Total Liabilities | $573,139,990 | 566,874,043 |
| Equity | ||
| Retained earnings and other equity | 77,393,849 | 76,628,067 |
| Total Liabilities & Equity | $650,533,839 | $643,502,110 |
| Off-balance sheet standby letters of credit | $561,000 | $481,000 |