Customer Success
Financial Report
Passumpsic Bancorp, Inc. and Subsidiaries
Year Ended December 31, 2021
Consolidated Balance Sheets
Financial Report
Effective Date: Wednesday, October 5, 2022
| Assets | 2021 | 2020 |
|---|---|---|
| Cash and due from banks | $113,867,798 | $143,449,874 |
| Investment securities | 130,221,504 | 76,682,504 |
| Loans net | 583,744,567 | 540,529,878 |
| Premises and equipment | 11,563,709 | 12,190,430 |
| Other assets | 41,232,948 | 41,137,427 |
| Total Assets | $880,630,526 | $813,990,113 |
| Liabilities | ||
| Deposits | $739,721,223 | $682,293,381 |
| Other borrowings | 17,539,843 | 17,488,220 |
| Accrued interest and other liabilities | 14,995,979 | 14,055,876 |
| Total Liabilities | $772,257,045 | $713,837,477 |
| Equity | ||
| Retained earnings and other equity | $108,373,481 | $100,152,636 |
| Total Liabilities & Equity | $880,630,526 | $813,990,113 |
| Off-balance sheet standby letters of credit | $406,000 | $406,500 |