Customer Success
Financial Report
Passumpsic Bancorp, Inc. and Subsidiaries
Year Ended December 31, 2022
Consolidated Balance Sheets
Financial Report
Effective Date: Monday, December 4, 2023
| Assets | 2022 | 2021 |
|---|---|---|
| Cash and due from banks | $43,325,844 | $113,867,798 |
| Investment securities | 128,304,872 | 130,221,504 |
| Loans net | 611,385,637 | 583,744,567 |
| Premises and equipment | 11,231,111 | 11,563,709 |
| Other assets | 44,506,396 | 41,232,948 |
| Total Assets | $838,753,860 | $880,630,526 |
| Liabilities | ||
| Deposits | $719,369,393 | $739,721,223 |
| Other borrowings | 6,830,508 | 17,539,843 |
| Accrued interest and other liabilities | 14,307,378 | 14,995,979 |
| Total Liabilities | $740,507,279 | $772,257,045 |
| Equity | ||
| Retained earnings and other equity | $98,246,581 | $108,373,481 |
| Total Liabilities & Equity | $838,753,860 | $880,630,526 |
| Off-balance sheet standby letters of credit | $560,000 | $406,000 |