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Financial Reports

2021 Statement of Condition

Bath Savings Institution & Subsidiary | December 31, 2021 and 2020
2021 2020
Assets
Cash & Balances Due from Banks $30,696,152 $50,424,044
Investment Securities 501,511,752 378,887,006
Loans 648,781,853 643,872,636
Allowance for Loan & Lease Losses (9,451,000) (8,825,000)
Net Loans 639,330,853 635,047,636
Bank Premises & Equipment 18,425,349 16,654,494
Other Assets 39,967,863 33,161,113
Total Assets $1,229,931,969 $1,114,174,293
Liabilities
Deposits
Checking Accounts $514,324,008 $458,442,951
Time Deposits 124,144,811 133,837,525
Other Deposits 358,358,082 307,988,824
Total Deposits 996,826,901 900,269,300
Borrowed Funds* 36,785,097 36,715,752
Other Liabilities 14,436,482 13,653,744
Total Liabilities 1,048,048,480 950,638,796
Capital
General Reserves & Undivided Profits 182,216,679 163,007,347
Accumulated Other Comprehensive Income (Loss) (333,190) 528,150
Total Capital 181,883,489 163,535,497
Total Liabilities & Reserves $1,229,931,969 $1,114,174,293
Memorandum: Letters of Credit Outstanding not included in the above figures $2,525,210 $1,943,538

* Federal Home Loan Bank advances