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: Thursday, April 15, 2021
| Assets | 2019 | 2018* |
|---|---|---|
| Cash and due from banks | $27,646,445 | $27,776,200 |
| Investment securities | 63,533,329 | 59,908,429 |
| Mortgage loans held for sale | 20,920,853 | 6,736,089 |
| Loans net | 495,630,353 | 506,323,456 |
| Premises and equipment | 12,324,536 | 11,763,123 |
| Other assets | 38,751,004 | 38,026,542 |
| Total Assets | $658,806,520 | $650,533,839 |
| Liabilities | ||
| Deposits | $520,926,986 | $537,448,168 |
| Other borrowings | 36,814,442 | 24,016,686 |
| Accrued interest and other liabilities | 13,600,175 | 11,675,136 |
| 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 |