Financial Results | Pittsfield Cooperative Bank
 

Financial Results

 

Financials*

(Dollar Amounts in Thousands)

Cash and Balances Due From Depository Institutions:

12/31/20

12/31/21

Assets

Non-interest Bearing Balances, Currency & Coin

$8,925

$2,093

Interest-Bearing Balances

$17,273

$34,137

Securities:

  

Held-to-Maturity Securities

$3,404

$0

Available-for-Sale Securities

 $60,425 $90,200

Federal Funds Sold and Securities Purchased to Re-sell:

Federal Funds Sold

$135

$606

Loans and Lease Financing Receivables:

Loans and Leases, Net of Unearned Income

$249,809

$246,370

LESS: Allowance for Loan and Lease Losses

$2,839

$2,646

Net of Unearned Income and Allowance

$246,970

$243,724

Premises and Fixed Assets

$2,834

$2,671

Other Real Estate Owned

$0

$0

Other Assets

$25,409

$23,937

Total Assets

$365,375

$397,368

Liabilities:

Liabilities and Equity

Deposits: In Domestic Offices

$296,981

$329,908

Non-interest-Bearing

$61,503

$90,987

Interest-Bearing

$235,478

$238,921

Borrowed Money

$12,247

$9,716

Other Liabilities

$1,768

$2,045

Total Liabilities

$310,996

$341,669

Equity Capital:

Surplus (Exclude all Surplus Related to Preferred Stock)

$3,871

$3,871

Retained Earnings

$48,936

$52,034

Accumulated Other Comprehensive Income

$1,572

($206)

Total Bank Equity Capital

$54,379

$55,699

Total Liabilities and Equity Capital

$365,375

$397,368

*This statement is unaudited and has not been reviewed, or confirmed for accuracy or relevance, by the Federal Deposit Insurance Corporation.

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