Customer Success

Financial Report

Passumpsic Bancorp, Inc. and Subsidiaries

Year Ended December 31, 2022

Consolidated Balance Sheets

Financial Report

Effective Date: Tuesday, March 19, 2024

Assets20222021
Cash and due from banks$43,325,844$113,867,798
Investment securities128,304,872130,221,504
Loans net611,385,637583,744,567
Premises and equipment11,231,11111,563,709
Other assets44,506,39641,232,948
Total Assets$838,753,860$880,630,526
Liabilities
Deposits$719,369,393$739,721,223
Other borrowings6,830,50817,539,843
Accrued interest and other liabilities14,307,37814,995,979
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