Customer Success

Financial Report

Passumpsic Bancorp, Inc. and Subsidiaries

Year Ended December 31, 2019

Consolidated Balance Sheets

*Certain amounts in the 2018 consolidated financial statements have been reclassified to conform to the 2019 consolidated financial statement presentation (mortgage loans held by sale).

Financial Report

Effective Date: Friday, October 22, 2021

Assets20192018*
Cash and due from banks$27,646,445$27,776,200
Investment securities63,533,32959,908,429
Mortgage loans held for sale20,920,8536,736,089
Loans net495,630,353506,323,456
Premises and equipment12,324,53611,763,123
Other assets38,751,00438,026,542
Total Assets$658,806,520$650,533,839
Liabilities
Deposits$520,926,986$537,448,168
Other borrowings36,814,44224,016,686
Accrued interest and other liabilities13,600,17511,675,136
Total Liabilities$571,341,603$573,139,990
Equity
Retained earnings and other equity$87,464,917$77,393,849
Total Liabilities & Equity$658,806,520$650,533,839
Off-balance sheet standby letters of credit$446,500$561,000