MA Financial
We'll work to help you create security and prosperity because we know the importance of our nest egg being there when you need it.
Statement of Condition
| Assets | Statement of Condition March 31, 2024 |
|---|---|
| Loans net of unearned of allowance | $176,942,000.00 |
| Less reserve for losses | $2,491,000.00 |
| Total Loans | $179,433,000.00 |
| Federal Funds Sold | $ 0.00 |
| Investment Securities | $136,509,000.00 |
| Cash and Due from Banks | $17,191,000.00 |
| Premises and Equipment | $3,125,000.00 |
| Other Real Estate Owned | $0.00 |
| Other Assets | $15,851,000.00 |
| Total Assets | $350,841,000.00 |
| Liabilities & Stockholders Equity | Statement of Condition March 31, 2024 |
|---|---|
| Demand Deposits | $73,564,000.00 |
| Interest Bearing Deposits | $242,805,000.00 |
| Total Deposits | $316,369,000.00 |
| Other Liabilities | $3,564,000.00 |
| Federal Funds Purchased | $0.00 |
| Other Borrowed Money | $1,550,000.00 |
| Securities sold under agreements to repurchase | $0.00 |
| Stockholders Equity: | |
| Common Stock | $400,000.00 |
| Surplus | $1,900,000.00 |
| Undivided Profits | $33,185,000.00 |
| Net unrealized holding gains(losses) on securities | ($6,127,000.00) |
| Total Stockholders Equity | $29,358,000.00 |
| Total Liabilities & Stockholders Equity | $350,841,000.00 |
