Customer Success

Financial Report

Passumpsic Bancorp, Inc. and Subsidiaries

Year Ended December 31, 2017

Consolidated Balance Sheets

Financial Report

Effective Date: Tuesday, November 13, 2018

Assets20172016
Cash and due from banks$35,122,426$37,433,931
Short-term investments090,035
Investment securities6186331759,934,939
Loans net494,000,147500,779,418
Premises and fixed assets11,818,53312,205,394
Other assets40,697,68742,394,919
Total Assets$643,502,110$652,838,636
Liabilities
Deposits$52,7257,184$532,301,142
Other borrowings26,868,58335,589,751
Accrued interest and other liabilities12,748,27613,203,130
Total Liabilities$566,874,043581,094,023
Equity
Retained earnings and other equity76,628,06771,744,613
Total Liabilities & Equity$643,502,110$652,838,636
Off-balance sheet standby letters of credit$481,000$623,000