Golden Valley Bancshares : Balance Sheet 3-31-2022

Balance Sheet Compare

Consolidated (Unaudited)

	Actual	Actual
	Mar 2022	Mar 2021		$ Change		% Change
Assets
Cash and due from banks	8,306,215		6,962,134	1,344,081	19.3
Fed funds sold & repos	35,910,000	34,830,000	1,080,000	3.1
Interest bearing deposits with banks	4,366,570		11,643,718	(7,277,149)	(62.5)
Investment Securities - Taxable	192,837,788		114,149,529	78,688,260	68.9
Investment Securities - Tax-exempt	9,983,151		4,601,608	5,381,543	116.9
Loans, net of unearned income	228,335,308		266,082,791	(37,747,483)	(14.2)
Less: Allowance for loan losses	(4,577,563)		(4,301,682)	(275,881)	(6.4)
Lease ROU Asset	983,122		1,260,710	(277,588)	(22.0)
Premises and equipment, net	1,874,329		1,316,987	557,342	42.3
Accrued interest receivable	1,536,939		1,441,249	95,691	6.6
Other assets	5,745,857		2,204,568	3,541,289	160.6
Total Assets	485,301,715		440,191,612	45,110,104	10.2
Liabilities
Non-Interest Bearing Deposits	172,874,445		161,055,444	11,819,001	7.3
Interest bearing demand deposits	66,840,135	48,761,126	18,079,009	37.1
Savings and Money Market Deposits	186,030,875		159,820,365	26,210,510	16.4
Time Deposits - Retail	16,428,777	27,444,201	(11,015,424)	(40.1)
Total Deposits
442,174,232		397,081,136	45,093,096	11.4
Accrued expenses and other liabilities	1,899,144		2,715,778	(816,634)	(30.1)
FHLB Advances and other borrowings	190,996		5,358,368	(5,167,372)	(96.4)
Borrowings	5,786,184		-	5,786,184	-
Total Liabilities
450,050,555		405,155,282	44,895,273	11.1
Equity
Common stock	18,705,551	18,705,551	-	-
Capital surplus	3,388,561		247,793	3,140,768	1267.5
Retained earnings	18,990,085	13,830,765	5,159,320	37.3
Accumulated other comprehensive	(7,002,002)		825,781	(7,827,784)	(947.9)
income (loss)
Net Income	1,168,966		1,426,439	(257,474)	(18.1)
Total Equity
35,251,160	35,036,330	214,830	0.6
Total Liabilities & Equity	485,301,715		440,191,612	45,110,104	10.2