Customer Success
Financial Report
Passumpsic Bancorp, Inc. and Subsidiaries
Year Ended December 31, 2022
Consolidated Balance Sheets
Financial Report
Effective Date: Friday, April 19, 2024
| Assets | 2023 | 2022 |
|---|---|---|
| Cash and due from banks | $48,136,420 | $43,325,844 |
| Investment securities | 118,612,947 | 128,304,872 |
| Loans net | 633,643,186 | 611,385,637 |
| Premises and equipment | 10,979,902 | 11,231,111 |
| Other assets | 44,103,735 | 44,506,396 |
| Total Assets | $855,476,190 | $838,753,860 |
| Liabilities | ||
| Deposits | $681,530,465 | $719,369,393 |
| Other borrowings | 53,740,637 | 6,830,508 |
| Accrued interest and other liabilities | 13,714,488 | 14,307,378 |
| Total Liabilities | $748,985,590 | $740,507,279 |
| Equity | ||
| Retained earnings and other equity | $106,490,600 | $98,246,581 |
| Total Liabilities & Equity | $855,476,190 | $838,753,860 |
| Off-balance sheet standby letters of credit | $1,163,000 | $560,000 |