Customer Success
Financial Report
Passumpsic Bancorp, Inc. and Subsidiaries
Year Ended December 31, 2017
Consolidated Balance Sheets
Financial Report
Effective Date: Sunday, March 24, 2019
| Assets | 2017 | 2016 |
|---|---|---|
| Cash and due from banks | $35,122,426 | $37,433,931 |
| Short-term investments | 0 | 90,035 |
| Investment securities | 61863317 | 59,934,939 |
| Loans net | 494,000,147 | 500,779,418 |
| Premises and fixed assets | 11,818,533 | 12,205,394 |
| Other assets | 40,697,687 | 42,394,919 |
| Total Assets | $643,502,110 | $652,838,636 |
| Liabilities | ||
| Deposits | $52,7257,184 | $532,301,142 |
| Other borrowings | 26,868,583 | 35,589,751 |
| Accrued interest and other liabilities | 12,748,276 | 13,203,130 |
| Total Liabilities | $566,874,043 | 581,094,023 |
| Equity | ||
| Retained earnings and other equity | 76,628,067 | 71,744,613 |
| Total Liabilities & Equity | $643,502,110 | $652,838,636 |
| Off-balance sheet standby letters of credit | $481,000 | $623,000 |